dentalcorp Holdings Ltd. (“dentalcorp” or the “company”) announced that its Board of Directors has formed a special committee of non-executive, independent directors (the “Special Committee”) to undertake, in consultation with its financial and legal advisors, a review and evaluation of strategic alternatives that may be available to the company to unlock shareholder value.
“Our management team is fully aligned with the Board’s decision to explore options to maximize shareholder value, including in response to unsolicited expressions of interest that have been received,” said Graham Rosenberg, dentalcorp’s Chief Executive Officer and Chairman of the Board. “We are the clear leader in Canada underpinned by our continued strong business performance and the tremendous growth opportunities before us. Our Board and management team remain committed to our growth strategy of supporting our practitioners and their teams in delivering high quality oral care to Canadians,” Mr. Rosenberg added.
There can be no assurance that this process will lead to the approval or completion of any transaction. The company does not currently intend to provide any updates with respect to this process unless and until its Board of Directors approves a specific transaction or otherwise concludes its review of strategic alternatives.
Jefferies LLC, TD Securities Inc. and CIBC World Markets Inc. are acting as financial advisors to the Special Committee, and McCarthy Tetrault LLP is acting as legal advisor to the Special Committee.
Blake, Cassels & Graydon LLP acts as legal counsel to the company.
dentalcorp is Canada’s largest and one of North America’s fastest growing networks of dental practices, committed to advancing the overall well-being of Canadians by delivering the best clinical outcomes and unforgettable experiences. dentalcorp acquires leading dental practices, uniting its network in a common goal: to be Canada’s most trusted healthcare network. Leveraging its industry-leading technology, know-how and scale, dentalcorp offers professionals the unique opportunity to retain their clinical autonomy while unlocking their potential for future growth.
To learn more, visit dentalcorp.ca.