Q&M Dental Group Floors the Gas Pedal on Growth in Singapore

The city-state is the firm’s core market.

Despite China being its focus, the healthcare firm is looking to bolster its core Singapore market.

According to a report by Maybank Kim Eng, Q&M Dental Group is looking at smaller acquisitions as well as organic growth to accomplish this task.

“Prior acquisitions have established better economies of scale and bargaining power,” the report said.

Meanwhile, the report also added that investors were also impressed with the firm’s growth plans in China, as well as its accretive M&A track record, which were safeguarded by profit guarantees and long-term service agreements.

“It has also been gaining traction in China, after the acquisitions of three small dental groups and a distributing company in January 2016. The number of dental outlets in China has increased to nine in 1Q16, from four. Management hopes to add dental labs and distribution companies, aside from hospitals, in its vertical drive,” the report said.