A North East dental firm has acquired full ownership of its fifth practice, with support of a six-figure funding package from Bank of Scotland.
Crown Dental Group has been acquired by Vikram Kavi, a network of four dentistry practices, a dental lab and an orthodontic and implant practice.
Located on Aberdeen’s Crown Street, this mainly private practice offers bespoke treatments including implants, cosmetic dentistry and oral surgery.
In addition, the funding enabled Vikram Kavi to become the sole owner of the practice and allow his partner to step down from a managerial role to concentrate solely on dental care.
Vikram Kavi’s portfolio of practices includes Deeside Dental Care in Banchory, Banff Dental Practice in Banff, Academy Dental Care in Aberdeen, and Thistle Dental in Aberdeen. Combined, the network treats more than 40,000 patients across the North East.
A team of 70 full and part-time employees work across the business. Since acquiring Crown Dental Group, an additional 5 members of staff have been employed to expand the range of cosmetic treatments available to patients.
Vikram Kavi, said: “I opened my first practice in 2010 and have worked to grow the business across the North East as the demand for bespoke dentistry continues to rise.
“Having the bank by our side has enabled us to provide for the increasing number of patients looking for modern cosmetic procedures, and digital, impression free dentistry.
“My plan is to keep expanding the business portfolio over the next five years and possibly add to it while offering patients the highest quality care.”
Stew Denholm, relationship manager at Bank of Scotland, said: “We were able to provide Vikram with the support required to add another practice to his network. Vikram can now use his expertise as one of the UK’s top dental surgeons to fulfil ambitious business growth plans, while providing new, bespoke treatments to patients.
“It’s important to support the talent coming into the industry. We have a team of healthcare relationship managers working closely with Scottish firms to provide guidance to help them reach their business goals, underpinning our commitment to helping Scotland prosper.
“At the beginning of this year, we committed to lending up to £1.6bn to support Scottish businesses across all sectors, from healthcare to transport, in a bid to help companies reach their full potential.”