Australasian Dental Practice

Friday, 4 July, 2025

01 Jan 2011 | Australasian Dental Practice

news > Spectrum > Page 52

Dental Corporation forms strategic partnership with premier pan-Asian integrated healthcare provider

Partnerships and collaborations Corporate Dentistry

Dental Corporation Holdings Limited has announced a strategic partnership with Singapore based Fortis Global Healthcare Holdings Pte Ltd. Fortis Global Healthcare will invest A$100 million to acquire a minority interest in Dental Corporation. The funds will be used by Dental Corporation to continue to expand its network of premium dental practices across Australia and New Zealand.


Since partnering with its first practice in October 2007, Dental Corporation has grown to now own and operate 139 dental practices across Australia and New Zealand with annualised revenue in excess of A$250million.

Fortis Global Healthcare Holdings Pte Ltd is owned by Malvinder Mohan Singh and Shivinder Mohan Singh. They also own a majority stake in the Indian-listed Fortis Healthcare Limited, a leading private hospital chain in India. Fortis Global Healthcare is focused on the creation of an international healthcare business and in October 2010 became the largest primary healthcare provider in Hong Kong after announcing its acquisition of Hong Kong-listed Quality Healthcare.

Mr Mark Evans, Executive Chairman and co-founder of Dental Corporation, said "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 deliver our long term growth plans.

"The Fortis investment will allow us to continue to expand in Australia and New Zealand and should present opportunities in Asia through the Fortis network."

Dr Ray Khouri, Executive Director and co-founder of Dental Corporation said "It is a tremendous opportunity to partner with an organisation with core values and vision so closely aligned with our own. This will inevitably result in a further enrichment of positive healthcare outcomes to our patients.

"This business alignment will add value to both our existing business operations and the dentists within the Dental Corporation Group through the sharing of intellectual property and a cross pollination of ideas on an international platform."

Mr Malvinder Mohan Singh, Executive Chairman of Fortis Global Healthcare, said: "Dental Corporation is a premier dental care brand in Australia within an industry which is highly fragmented and individualistic. Their model of business partnership with principal dentists is a significant point of differentiation driving the rapid growth of the business and the most effective way to manage high performing professionals.

"We believe that there are tremendous opportunities for expansion in Dental Corporation, both in Australia, New Zealand and beyond, and we will support the management and professionals of Dental Corporation in realising such growth.

"We are delighted to have the opportunity to work together with a specialist healthcare team in furthering our growth beyond India and Asia. The management team and the dental professionals at Dental Corporation have done a tremendous job to build a first class platform, which has delivered consistent growth."

Fortis Global Healthcare will appoint two executives to the Dental Corporation board. All operational functions and management of the Dental Corporation business will remain unchanged. The final transaction structure is subject to FIRB and Dental Corporation shareholder approval.

Stream the latest dental videos...
VITA CAD/CAM Materials

Upcoming Events...

Jan 01 2025
Jul 22 2025
Aug 01 2025
Aug 07 2025
Aug 07 2025

IndoHealthcare Expo 2025

Jakarta, INDONESIA

Aug 22 2025

HKIDEAS 2025

Hong Kong, HONG KONG

Aug 28 2025

ABSO Meeting 2025

Hamilton Island, AUSTRALIA

Sep 03 2025

AAPD 2025

Kuta, INDONESIA

Sep 09 2025
Sep 11 2025

Veneers: A Comprehensive Guide

Auckland, NEW ZEALAND

Sep 12 2025
Sep 13 2025
Sep 17 2025

PharMed Cambodia 2025

Phnom Penh, CAMBODIA

Sep 19 2025
Sep 20 2025
Sep 25 2025
Sep 29 2025

PACK EXPO Las Vegas 2025

Las Vegas, USA

Oct 02 2025

IAO 2025

Padova, ITALY

Oct 02 2025

ITI Congress Brazil

Rio de Janeiro, BRAZIL

Oct 09 2025

Pragodent 2025

Prague, CZECH REPUBLIC

Oct 15 2025
Oct 16 2025
Oct 16 2025

DDS Global Congress 2025

Venice, ITALY

Oct 16 2025

OHAA 2025 National Congress

Gold Coast, AUSTRALIA

Oct 24 2025
Nov 05 2025

ITI Congress Mexico

Mérida, MEXICO

Nov 06 2025
Nov 07 2025

ITI Congress Italy

Bologna, ITALY

Nov 08 2025

CDSS 2025

Singapore, SINGAPORE

Nov 14 2025
Nov 20 2025
Nov 28 2025
Dec 05 2025

8th Dental Expo 2025

Lahore, PAKISTAN

Mar 20 2026
Apr 17 2026

IDEM Singapore 2026

Singapore, SINGAPORE

Nov 27 2026
Nov 26 2027
Nov 24 2028