News

 

Apposite Capital backs dental platform, Riverdale Healthcare, to support its investment in Alpha Vitality Group

 

Stokesley North Yorkshire – 2 January 2019.

Alpha Vitality Group announce that Apposite Capital, the private equity firm with an exclusive focus on healthcare, together with management, has made a substantial investment in Riverdale Healthcare to part fund their investment in Alpha Vitality Group. Debt for the investment has been provided by Metro Bank.

Alpha Vitality Group is a ten practice dental group operating in North Yorkshire and North East England offering a mix of NHS and private family dental services, implant and referral services  and NHS and private orthodontics. Financial details of the transactions are not disclosed.

Ian Gordon, Managing Director of Alpha Vitality Group commented: “Having spent the last decade developing Alpha Vitality with my partners Ben Wild, David Birkin, Guy Wells and Neeraj Diddee, we felt the time was right to build for the future. Riverdale offers exactly what we are seeking for Alpha Vitality and our team: a blend of business and managerial experience along with a shared ethos for empowering and supporting teams to deliver the dentistry, customer service and staff relations which have allowed Alpha to grow and flourish since 2008. I will continue as Managing Director of Alpha Vitality, working with both my existing partners who have managerial and clinical director roles within Riverdale and, of course, with the new Riverdale management team. Riverdale’s eagerness to work with us has given me real confidence for the future – as has the support and interest in the business from Apposite.”

Mark Seekings, Chairman and CEO of Riverdale Healthcare said: “The management team at Riverdale are delighted to be partnering with Apposite, and investing in the further growth at Alpha Vitality. We feel the Riverdale team offer substantial experience and knowledge of the dental market to this newly formed dental group. Together with the clinical expertise of the Alpha Vitality team and a shared ethos of excellent customer care, we aim to develop Riverdale Healthcare substantially over the coming years.”

Rory Pope, Partner, Apposite Capital who is also joining the board of Riverdale Healthcare, said: “Healthcare services companies are a key focus for Apposite and a sector where we have had excellent outcomes. Alpha Vitality Group is a solid platform which has built a strong reputation with its NHS and private customers. We are delighted to support the combined Riverdale Healthcare and Alpha Vitality Group management team in their ambitions to grow further through acquisition in the North East and across the UK.”

In conjunction with its investment in Riverdale Healthcare, Apposite has introduced Mike McGrath as Non-Executive Director. Mike brings significant experience in both private equity and multi-site roll-outs. He chairs a number of companies including leading consumer law firm, MW Solicitors, and online beauty retailer, CurrentBody.com.

Advisers to Apposite Capital and Riverdale Healthcare: Grant Thornton (corporate finance), Hazlewoods (accounting and tax), Pinsent Masons (legal)

Advisers to Alpha Vitality Group: Dental Elite (corporate finance),

Schofield Sweeney (legal), Swallow & Co, Stokesley (accounting and tax)

Advisers to Metro Bank: Gateley (legal)

Advisers to management: Squire Patton Boggs (legal)

 

Media contact:

Ian Gordon

Tel: 07785 938574

Email: alphavitality@gmail.com

 

About Apposite Capital

www.appositecapital.com

 

Apposite Capital is an independent investment firm focused exclusively on healthcare investing in European headquartered companies operating in healthcare services, social care services, medical products, pharmaceuticals and pharmaceutical services, and digital health.

The firm operates at the smaller end of the private equity market, providing both capital and expertise to businesses offering ‘disruptive’ models that aim to improve or reduce the cost of care provision and which have the potential to become market leaders.

Apposite has an in-depth sector knowledge covering key aspects of the healthcare industry internationally coupled with local insights, an exceptional network and an entrepreneurial mindset which it applies to drive the growth of its portfolio companies.

Apposite was established in 2006 and is headquartered in London, UK.

About Riverdale Healthcare

www.riverdalehealthcare.com

 

Riverdale Healthcare is led by an industry leading, dental sector led management team comprising Mark Seekings (Chairman and CEO), Gus Fichardt (Chief Financial Officer) and Chris Aylward (Chief Investment Officer) .The team has been assembled to lead a new consolidation model in the UK dental market founded on shared values; a promise of honesty, integrity and an ethical approach to dental services for its patients.

 

About Alpha Vitality Group

www.alphadental.co.uk

www.vitalitydental.co.uk

Alpha Vitality Group is a ten practice dental group operating in North East England and North Yorkshire offering a mix of NHS and private family dental services, implant and referral services  and NHS and private orthodontics.

The first practice, Vitality, was founded in Stokesley in 2008 by husband and wife team Ian and Jayne Gordon. This was closely followed by the first Alpha practice, an acquisition in Catterick Garrison, by Ian Gordon and David Birkin. The other Alpha partners, Ben Wild, Guy Wells and Neeraj Diddee joined the team to expand the group through acquisition and tender as well as a collaboration with Ross Hobson , founder of Windmill Orthodontics. All existing partners are registered dental practitioners and remain as contractors and clinicians following the restructure.

Alpha Vitality Group is headquartered in Stokesley, North Yorkshire.

 

 

 

Friends & Family (posted on 13.05.2015)

NHS England Friends and Family Test awards Alpha Dental Studio 96-100% recommended by patients for the month of May 2015!

Dental Practice Doubles in Size Officially Opens (posted on 09.02.2015)

 

Prospective Conservative Parliamentary Candidate Rishi Sunak officially opened the extended Alpha Dental Studio at CATTERICK GARRISON on Thursday evening. The NHS & Private Dental Group has expanded the former William Hill Bookmakers next door to its existing practice on Hildyard Row in a move that has almost doubled its available space. The company have invested over £70,000 on the refurbishment and have expanded by over 1,000 square feet which is now two new surgeries as well as a treatment room for facial aesthetics. Alpha’s expansion will enable the company to meet the growing demand for its services in the area. The company currently employs over 65 people across North Yorkshire and the north east. Some of the additional space has allowed for a new patient treatment room for sedation and facial aesthetics as well as providing a spacious new patient lounge. Mr Sunak alongside 40 guests celebrated the opening of the expanded surgery. Mr Sunak said, “This is a business that is about helping people. From local people living in the Dales to our soldiers’ families at Catterick Garrison, this company plays a vital part in our healthcare. I grew up in an NHS family, with a GP dad and local chemist for a mum, so I know first-hand the effort and care that businesses like this put in to taking care of their patients. But there is an important national story too. Small and medium size enterprises like Alpha Dental are the backbone of our local economy and drive our national prosperity. They account for 60% of private sector employment in this country. What is more, businesses like this provide quality training for our young people to become high skilled professionals. Alpha is to be commended training 6 new graduate dentists in recent years. Mr Sunak continued, “This maybe a community driven business but it is also a top quality business, setting standards in service, patient care, and innovation. Congratulations to the whole team on fantastic achievement! ” Ian Gordon, Dentist and Senior Partner of the Alpha Dental Group said: “The Catterick team led by David Birkin has transformed the practice creating a state of the art facility – my thanks to all of them but especially to Dave Peacock and Charlie Walker who converted and fitted out the practice.” “I am very grateful to Rishi Sunak for supporting us last Thursday – he clearly understands the challenges faced by small and medium businesses like ourselves and has family who still work in primary NHS care – this was very evident from the supportive comments he made showing he is a politician who has had a career in business not a career politician” New patients can register with the practice by telephoning the practice on 01748832 802.

Alpha Dental Expands into Next Door - Catterick Garrison (posted on 26.01.2015)

Alpha Dental Group is expanding after securing the lease of the next door premises at their current site in Catterick Garrison.

The NHS & Private Dental Group has expanded the former William Hill Bookmakers next door to its existing practice on Hildyard Row in a move that has almost doubled its available space.

The company have invested over £70,000 on the refurbishment and have expanded by over 1,000 square feet which is now two new surgeries as well as a treatment room for facial aesthetics.

Alpha’s expansion will enable the company to meet the growing demand for its services in the area.   The company currently employs over 65 people across North Yorkshire and the north east.

Some of the additional space will be used to create a patient treatment room as well as providing a spacious new patient lounge.

David Birkin, Partner of Alpha Dental Group said: “The addition of the next door building to our existing facilities will create the extra capacity we need to enhance the services we offer our patients.

“We can now offer a 5 surgery practice with 2 ground floor surgeries for disabled access as well as a light and spacious waiting area for our patients with facilities for advanced services such as implants, orthodontics and oral surgery.”

“We have experienced steady growth throughout the last year, which this investment will help us build upon during 2015.

“Having the two buildings next door to each other enables us to be more flexible with our use of space.”

The Official opening of the refurbished practice will take place on Thursday 5 February between 5.30 – 7.00 pm with guest speaker local MP Rishi Sunak.  Patients are invited to attend and view the new facilities.

 

For Information - Alpha Dental Studio, Thirsk (posted on 05.01.2015)

As part of a strategic review, Alpha Dental Group have now sold the Thirsk branch.

As of Monday 5 January 2015, the practice in Thirsk is no longer part of the the Alpha Dental Group & is owned and managed independently by Zoe Burns as Star Dental.

 

 

 

 

 

Qualified & Registered Dental Nurse Required (PART TIME) - (Kirkbymoorside) (posted on 31.10.2014)

Calling all Mums & Dads – does your child want straight teeth? (posted on 09.10.2014)

If the answer is yes..there is no time like the present to do something about it!

With no waiting list and immediate appointments available, Alpha Dental Studio in partnership with Windmill Orthodontics offer under 18s free NHS orthodontic treatment (if eligible) from practices in York & Bedale

Call us today or Email info@alphadental.co.uk for more information!

We're recruiting in Chester Le Street... (posted on 08.10.2014)

Qualified Dental Nurse Required (FULL TIME) – (Chester le Street)

Excellent opportunity has become available at our practice in Chester le Street for an enthusiastic and experienced dental nurse (full time) to join the team.

Candidates must possess good communication skills, have experience or qualification as a dental nurse, have a flexible attitude and enjoy being part of a friendly team.

If you are interested in being part of a busy NHS Dental team, we’d love to hear from you.

To apply for a post please request an application form via email

recruitment@alphadental.co.uk or apply in writing to

Fiona Postgate, HR Manager

Alpha Dental Group Head Office, 5 East End, Stokesley, TS9 5DP

We're recruiting in York... (posted on 07.10.2014)

Qualified & Registered Dental Nurse Required (Part time) – (YORK – Windmill Orthodontics)

We are currently seeking a QUALIFIED & REGISTERED DENTAL NURSE to work Part – time at our York Practice (Temporary contract to cover Maternity leave).

To assist the dentist with all clinical procedures within the surgery, to provide excellent patient care, maintain cross infection control and adhere to protocols in line with the company strategy.

Orthodontic experience preferred, but not essential.

Temporary contract to cover Maternity leave. Hours to be arranged & competitive rates of pay.

Closing date 01/11/2014

For an application form email recruitment@alphadental.co.uk

Or write for application form to:  Practice Manager, 1a Almsford House, Beckfield Lane, Acomb, York YO26 5PA

Trainee Dental Nurse Required (posted on 04.09.2014)

We’re recruiting for a trainee dental nurse at our Catterick Garrison Practice.

For further details on the post and how to apply

Visit the vacancies section of our website.

 

We're recruiting: part time dental nurse (maternity cover)  (posted on 20.08.2014)

Qualified & Registered Dental Nurse Required (Part time) – (Great Ayton)

(Temporary contract to cover Maternity leave)

To assist the dentist with all clinical procedures within the surgery, to provide excellent patients care, maintain cross infection control and adhere to protocols in line with our Company’s strategy.

Hours to be arranged with competative rates of pay.

Closing date for applicants: Tuesday 7 October 2014

For an application form please email recruitment@alphadental.co.uk

Or in writing to Fiona Teasdale, Practice Manager, 119 High Street, Great Ayton TS9 6BW