The two largest private dental clinic chains in Sweden and Norway are merging to form the largest private chain in the Nordic region. Together Colosseum and Smile own 41 clinics, of which 25 are in Sweden, 13 in Norway and 3 in Denmark. Combined, the entities employ about 800 people and have a turnover of approximately 850 MSEK, of which Sweden accounts for 450 MSEK.
"Since Colosseum and Smile are driven by the same high goals in terms of development and quality, the merger is a natural step for us," says Colosseum's CEO Per Rehnberg. "We want to offer the best dental care in Sweden and the Nordic countries and be the best employer in our field."
As a result of the merger, Smile's 15 clinics and Colosseum's 10 clinics in Sweden will come under the same management. In addition, Colosseum is the largest private dental clinic chain in Norway. The operations of the clinics in Norway and Denmark will not be affected.
"We see clear advantages in being a larger player with a strong
local presence," says David
Halldén, Managing Director of Smile. "Our size enables us to have modern, well-equipped clinics
while increasing the scope for developing the competence of our employees. For our patients the
merger will mean higher dental care quality with, for example, access to more specialists and
Colosseum's CEO, Per Rehnberg, will remain CEO of the new company Colosseum Smile AS. Smile's Managing Director, David Halldén, will head the Swedish operation and Lennart Nylander,Chairman of the Board of Colosseum, will continue to hold this position in the merged company.
"This merger is a natural and positive step," says Lennart Nylander. "Smile and Colosseum were started at the same time in Sweden in 2007, both with the ambition to improve the quality of dental care. The companies have been very successful and attracted both patients and highly qualified dental personnel. Furthermore, Colosseum and Smile also complement each other geographically. The majority of Colosseum's clinics are in south-west Sweden while the Smile clinics are situated in central Sweden."
For more information:
Lennart Nylander, Chairman of the Board, Colosseum, firstname.lastname@example.org, +46 70-559 50 99
Per Rehnberg, Managing Director, Colosseum, email@example.com, +46 70-329 82 24
David Halldén, Managing Director, Smile, firstname.lastname@example.org, +46 70-844 19 98
Colosseum is the largest private dental chain in the Nordic region with 500 employees and 26 clinics, whereof 13 in Norway, 10 in Sweden and 3 in Denmark. Colosseum was founded in Norway in 1986 by dentist Gard Lauvsnes. In 2013, Colosseum reported turnover of c. 580 MSEK, and the
company is currently owned by IK Investment Partners and the founder Gard Lauvsnes. In Sweden,Colosseum operates clinics in Malmö, Helsingborg, Trelleborg, Gothenburg, Mölndal, Arboga, Halmstad, Uddevalla and Stockholm. www.colosseumkliniken.se
Smile is Sweden's largest private dental chain with 300 employees and 15 clinics in 14 areas. Smile was founded in 2006 by David Halldén, Tobias Wirén and Hernán Ruiz. In 2013 Smile reported turnover of c. 230 MSEK, and the majority shareholders are Scope and the founders. Smile operates clinics in Borås, Helsingborg, Jönköping A6, Jönköping City, Katrineholm, Kumla, Linköping, Malmö, Mariestad, Norrköping, Sundsvall, Vänersborg, Västerås, Växjö and Örebro.
The Scope Funds invest in Nordic growth opportunities. The objective is to generate high, risk-adjusted, financial returns in any economic environment. Investments are made in organizations with proven value added and differentiated value propositions.
As an active owner, Scope partners with managements to create companies with internationally scalable platforms that support sustainable growth. Portfolio companies are required to exhibit high growth rates and investments are typically made without, or with very moderate, financial leverage.
For more information please visit: http://www.scope.se/