June is an opportune month to reflect on the first half of the year, reviewing whether predictions made at the beginning have come to pass and how we believe the market will shape up for the remainder of the year.
At the end of 2017, we saw a flurry of merger and acquisition activity and predicted that this would continue into 2018. The ownership landscape amongst the largest operators looks very different to even a couple of years ago. Of the six largest operators, four have either sold outright or taken in significant investment from private equity to fund future growth.
The acquisition of Southern Dental by Jacobs Holding, which owns dental groups across Europe, adds an international dimension to the dental sector and it will be interesting to see how its labour force is managed across the various countries in post-Brexit Britain.