JAKARTA: Fortis Global Healthcare Holdings Pte Ltd, a company owned by Malvinder Mohan Singh and Shivinder Mohan Singh, has agreed to a A$100 million strategic investment in Dental Corporation, Australia and New Zealands largest operator of dental practices.
Malvinder Mohan Singh, Executive Chairman of Fortis Global Healthcare, said Dental Corporation is a premier dental care brand in Australia and in an industry which is highly fragmented and individualistic. According to him, their model of business partnership with principal dentists is a significant point of differentiation driving the success of the business and its rapid growth, while being the most effective way to manage high performing professionals.Fortis Global Healthcare is a strategic investor in this business and shall look to contribute to its growth. We believe there are tremendous opportunities for Dental Corporations expansion, both in Australia and beyond, and we will support the companys management and professionals in realising such growth, he said in a press statement obtained by Bisnis today.Mark Evans, Executive Chairman and co-founder of Dental Corporation, the investment by Fortis is a fantastic outcome for our business and follows an extensive process to introduce the best strategic partner with the vision and financial strength to assist us to deliver our long term growth plans.Dental Corporation, one of Australias fastest-growing companies, was founded in October 2007 to acquire and partner with high-quality general and specialist dental practices. Dental Corporations business model is focused on providing business administration services including Human Resources, Accounts Payable, Payroll, Marketing, IT, Finance, Supplier Relations and Operations, enabling each practice to focus on clinical dentistry and patient care. (wiw)
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