The Timisoara clinic was the growth engine of the DE 4 KIDS division in the first quarter of 2021.
“The operating income registered in 2020 and in the first three months of this year confirms the position acquired by the Timisoara Clinic on the dental market in the west part of the country, as well as the interest of our patients to benefit from the advantages offered by everything that the Dent Estet brand means,” said Dr. Oana Taban, founder & general manager of Dent Estet.
In the first quarter of 2021, the Kids division posted 44% annual growth in turnover and the Timisoara clinic alone posted 55% growth in operating income in the same period.
DE 4 KIDS Timisoara was inaugurated in 2013, as a result of a strong local partnership. It was the first Dent Estet clinic opened in a city other than Bucharest and the second catering exclusively to children.
The transaction is part of the group’s plan to consolidate Dent Estet’s leading position at national level through strategic acquisitions.
“The national expansion strategy, established since the partnership signed in 2016, is ambitious and 2021 is unprecedented in terms of development of the group of dental clinics. By taking over the full package of shares of the Timisoara Clinic, Dent Estet continues its development plans in this area and the next step is the extension of services to the adult segment,” said Mihai Marcu, president and CEO of MedLife Group.
In the first quarter of 2021, Dent Estet group posted a turnover of RON22 million, up 37% on the year.
Dent Estet has plans to open new clinics in Ploiesti and Craiova in the second half of the year.
The dental clinics group portfolio will include 13 multidisciplinary clinics in Bucharest, Timisoara, Sibiu, Brasov, Ploiesti and Craiova, for all age groups, 3 divisions of excellence (Implant Division, Esthetic Division and Advanced Orthodontic Division), the first digital dental laboratory – Aspen and 3 specialized digital photo studios – Future Smile Design.