Q & M Dental to acquire SG dental group with $34m profit guarantee
The acquisition will be funded through a mix of cash and new ordinary shares.
Q & M Dental Group (Singapore) Limited has signed a non-binding memorandum of understanding for the proposed acquisition of a Singapore dental group.
Under the proposed deal, the company intends to acquire 100% of the group’s issued share capital, according to a bourse filing.
The purchase consideration will be paid through a combination of cash and new ordinary shares issued by Q & M, which will be subject to a 15-year moratorium.
The acquisition is subject to definitive agreements being signed by 31 July 2026, due diligence on the dental group and its subsidiaries, and other conditions.
The transaction will be supported by a profit guarantee of up to $34m over five years and 15-year service agreements for the sellers.
Q & M said the acquisition is part of the company’s strategy to expand its dental business in Singapore, which remains its core market.