Subiaco-based corporate dental group Capitol Health Ltd has added to its stable of practices, acquiring the surgery and facilities of Kalamunda Dental Care for $550,000.
Subiaco-based corporate dental group Capitol Health Ltd has added to its stable of practices, acquiring the surgery and facilities of Kalamunda Dental Care for $550,000.
The consideration covers all plant and equipment, inventories, leasehold improvements and goodwill, with the principal dentist, Robert Davis, remaining with the cnetre for two years.
The company anticipates a proportion of the consideration will be debt financed.
Kalamunda represents the first acquisition for the company since it listed on the ASX in June.