Medicover acquire MeinDentist in Germany
Medicover has signed an agreement to acquire 100 per cent of the business of MeinDentist and enter the German dental market. The acquisition is subject to customary merger control and regulatory approvals and is expected to be consolidated from Q4. MeinDentist is a leading provider in the Berlin area consisting of 16 clinics, 15 in Berlin and 1 in Potsdam with 147 dental chairs. Eight of the clinics are mature and the others are in development phase. Revenue for 2021 amounted to EUR 31.4 million, whereof two thirds are public pay and one third is private insurance and Fee-For-Service.