Bestway family eyes £700m bid to swallow dentistry giant IDH

Bestway family eyes £700m bid to swallow dentistry giant IDH main image
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Bestway, the family-owned conglomerate best known for its cash-and-carry operations, is plotting a surprise £700m takeover of one of Britain’s largest dentistry chains.

Sky News understands that Bestway is one of two remaining bidders for IDH Group, which runs about 600 practices across the UK.

Both Bestway and Bridgepoint, the private equity firm which used to own Oasis, another big dentistry business, are said to have indicated that they would be prepared to offer more than £700m for IDH.

A successful offer from Bestway would take it into another area of the healthcare industry, and represent the latest in a series of audacious takeovers by the Pervez family-owned group.

In 2014, it acquired the Co-operative Group's pharmacy business for £620m, and has successfully built it into the biggest independent chain in Britain - and the largest behind Boots and Lloyd's.

More recently, it acquired Costcutter to expand its wholesale operations.

Bestway now ranks as the UK's 17th-largest privately owned company, according to its website.

This article was originally published by Sky News and can be viewed here
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