Curae Health Acquisition (2022)

Case Study

Date

December 14, 2022

Client

Curae Health Group

Title

Corporate Adviser to Curae Health on A$15.2m acquisition of OMNI Dental

Deal Value

A$15.2m

Services provided

Curae Health

Background

  • Curae Health Group (Curae Health or the Company) is a leading dental services provider in Australia, specialising in providing midstream services in connection with custom-made prostheses and dental radiology
  • The Company is headquartered in Melbourne, with locations in Sydney and Perth and services a national network of clients, predominantly dental professionals
  • The company engaged AE as an independent corporate advisor on its acquisition of OMNI Dental, a Perth-based laboratory business providing proprietary end-to-end digital implant technology

Our role

  • Approach agreed target to initiate contact and build rapport
  • Facilitate exploratory meetings and discussions to gauge receptiveness to approach and cultural alignment
  • Build investment thesis and requisite internal support documents
  • Indicative pricing analysis
  • Draft and submit proposal / non-binding indicative offer (NBIO)
  • Assist in project management of financial, tax, legal, strategic and commercial due diligence
  • Consider funding requirements (soft sounding of brokers)
  • Draft and submit final offer/ proposal
  • Evaluate synergies, risks, issues, operating model and commence integration planning
  • Negotiation of Transaction Documents, such as a Shareholders agreement
  • Finalise and executive legal agreements, and announce transaction to shareholders

Outcomes

  • Curae Health successfully completed the $15.2m acquisition of OMNI Dental in December 2022, satisfied by a combination of upfront cash, deferred consideration and the issue of scrip in Curae Health to OMNI Dental shareholders
  • The acquisition will allow Curae Health to expand its product offering to other locations across Australia, including Western Australia, and integrate OMNI Dental’s end-to-end digital implant technology with Curae Health Group’s existing customer base across the Australian eastern seaboard

Curae Health Acquisition (2022)

Position

Background Curae Health Group (Curae Health or the Company) is a leading dental services provider in Australia, specialising in providing midstream services in connection with custom-made prostheses and dental radiology The Company is headquartered in Melbourne, with locations in Sydney and Perth and services a national network of clients, predominantly dental professionals The company engaged […]