Dentist swoops for two rivals

BRITAIN'S most exclusive dentist, James Hull Associates, has snapped up two rivals in what may be its last deal before an autumn float.

The chain of specialist dentists bought the Carisbrooke Practice in Leicester and Apsley House, Gloucester, boosting JHA's total turnover by £2.5m to about £23m.

Dr James Hull, chief executive and 59% shareholder, said the group had its eye on a further 15 acquisitions in the next 18 months. However, it would need to raise cash, probably through the stock market, to pursue its takeover strategy.

Hull is looking for a market valuation of the group of at least £50m.

He said he would sell about 10%, landing himself at least £5m, while the other leading investor, venture capitalist 3i with 37%, would use a share issue to reduce its stake significantly.

JHA specialises in the most advanced and expensive dental work, often involving sets of teeth implanted permanently into the jaw.

Hull said: 'We've got people spending £100,000 on their teeth. This is not just drilling and filling.'