Q&M Dental picks up Orchard Road dental clinic for $5.5m
Published on Mar 18, 2014 10:46 AM
Mainboard-listed Q&M Dental Group is buying over a dental clinic in Paragon Medical Centre at Orchard Road for $5.5 million.
It said in a Singapore Exchange filing on Tuesday that it has agreed to buy Foo & Associates from owner Dr Foo Mooh Thong.
The acquisition is in line with the group's plans to continue expanding its main dental business in Singapore, Q&M said in a statement.
It intends to have Dr Foo, an expert in computer-aided design and computer-aided milling technology, spearhead the group's expansion into this field. The group will pay Dr Foo the $5.5 million purchase price in Q&M shares and he will run the clinic for 10 years, starting this year.
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