Q&M Dental targets regional expansion via M&A and organic growth

It raised $130m for growth and acquisitions.

Q & M Dental Group (Singapore) Limited is pushing ahead with regional growth, focusing on mergers and acquisitions (M&A) and organic expansion across Singapore, Australia, Thailand, and China.

The group strengthened its financial position in August 2025 by raising $130m under its $500m Multicurrency Debt Issuance Programme, funds intended for expansion and potential acquisitions.

“Our M&A pipeline remains active across multiple markets in the Asia-Pacific region, including China, as we continue to pursue strategic opportunities,” said Dr. Ng Chin Siau, Group Chief Executive Officer and Founder of Q & M. “In pursuing these opportunities, we have been steadily increasing our stakes through transaction structures that incorporate long-term service agreements and the issuance of Q & M shares subject to moratorium as part of the consideration.”

In Singapore, Q & M is pursuing the potential acquisition of a major dental operator.

The deal, now in due diligence, could include 100% acquisition, a profit guarantee of up to $34m over five years, and 15-year service agreements with the sellers.

If completed, it would strengthen Q & M’s market position, improve service quality, and accelerate capability upgrades.

The company aims to expand its Singapore network to around 300 clinics over five years.

In a related development, after more than a decade of shareholding via Heritas Helios Investments Pte. Ltd., Tsao Pao Chee Group (TPC) has transferred its Q & M shares internally to IMC Dynamic Investments Pte. Ltd., a related vehicle.

As part of this transfer, Q & M will appoint Hareesh Nair, chief investment officer of TPC, to its board of directors at the next Annual General Meeting.

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