Q&M Dental eyes Thailand expansion with local dental chain deal

The deal values the Thai company at $77.8m.

Q&M Dental Group (Singapore) plans to enter Thailand’s private dental market by acquiring an equity stake in a Thai dental clinic chain, according to a bourse filing.

The deal, outlined in a memorandum of understanding, values the Thai company at $77.8m (฿1.95b) on a cash- and debt-free basis, with final adjustments to be made upon completion.

The unnamed Thai target runs one of the country’s largest privately owned dental networks, with over 30 clinics across Thailand, mainly in Bangkok and the northeastern provinces of Udon Thani, Khon Kaen, and Ubon Ratchathani.

The acquisition would mark Q&M’s first move into Thailand, expanding its presence beyond Singapore and Malaysia.

Following the deal, one of the target company’s founders will sign a 15-year service agreement to remain as CEO or managing director.

The agreement also includes a profit guarantee that starts at $4.9m (฿123m) in 2026, rising to $11.4m (฿285m) by 2030, and remaining at least that level until 2033.

($1 = ฿25.08)

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