This Month
Why everybody suddenly has such straight white teeth
Cosmetic dentistry is advancing rapidly and life events such as an inheritance, redundancy or divorce can be the trigger for spending big bucks.
December 2024
Five health changes to try in the new year, according to experts
Here are some easy-to-implement tips we learnt over the past 12 months, from skipping the rinse after brushing to drinking tart cherry juice.
Genesis Capital amasses $350m for more healthcare deals
Doctor turned private equiteer Michael Caristo and his co-founder Chris Yoo have finalised a fund, drawing interest from institutional investors and families.
Why sparkling water could be damaging your teeth – and your health
Most people know that soft drinks are bad for you. Experts were asked if the same logic extends to the low-sugar, naturally sweetened or unsweetened versions.
November 2024
Grin and bear it: Genesis set for board control at Pacific Smiles
After an 11-month prolonged saga, Street Talk would not be surprised to see the private equity firm move to take majority control before the end of the week.
Pacific Smiles founder backs Genesis bid…but he’s not selling
The dental chain founder says he’d be supportive of Genesis receiving board representation.
No deal: Pacific Smiles board set to reject Genesis’ revised $311m bid
Street Talk understands the board of the $310 million dental chain is set to knock back Genesis’ revised “best and final” $1.95-per-share offer.
September 2024
Pacific Smiles CEO exits after just eight months and failed takeover
Co-founder and large shareholder says July trade was strong in part because some dentists cut back on the usual skiing holidays and worked instead.
July 2024
The PE takeover battle that is like pulling teeth
Once a board has decided a takeover isn’t about the highest price, it enters the deal-making twilight zone. This one is a doozy.
Crescent tries to pull off the near impossible at Pacific Smiles
But the private equity firm has another ace up its sleeve. Influential proxy adviser Institutional Shareholder Services has thrown its support behind the bid.
May 2024
New tax hit could push up cost of your dentist visit
Patients accessing dental services in large medical clinics around the country face possible price hikes from new payroll tax liabilities being imposed by state governments.
March 2024
Dentists want exemptions as medical payroll tax disruption spreads
Dentists are urging state revenue authorities around the country to follow the example of South Australia and offer an exemption to new payroll tax liabilities.
Are you using super to pay for dental? It seems many are
Funds approved for dental work make up 41 per cent of all superannuation released on compassionate grounds in the 2023 financial year.
February 2024
Genesis Capital in Pacific Smiles waiting room as Crescent walks
Street Talk understands said the healthcare-focused private equity firm has walked away after checking out the in-play dental clinic operator.
Healthcare hopeful ADTY calls in potential backers for $50m check-up
A three-page flyer, seen by Street Talk, told interested parties the group has a pipeline of 25 healthcare practices ready for integration.
January 2024
PE-target Pacific Smiles may extract rival proposal, sources say
The ASX-listed dental clinic operator knocked back a $223 million buyout proposal from Genesis Capital in December.
June 2023
How this orthodontist cracked the productivity code
Martin Fine has largely avoided the staff shortages and drops in consumer spending plaguing other small businesses. The reason? Booming productivity.
February 2023
The number of people tapping super for dental work doubled in a year
More than $171 million in superannuation was released in the 2021-22 financial year, but dentists say it’s due to poor oral hygiene habits.
December 2022
Proxy firms side with Pacific Smiles, focus on CEO candidate
Alex Abrahams is going to have to do it the hard way at Pacific Smiles, after running into roadblocks with major proxy outfits ISS and CGI Glass Lewis.
October 2022
PE books Pacific Smiles in for check-up
Listed dental centre owner Pacific Smiles Group’s been left behind by the private equity brigade, but the question is for how much longer.