Newlook provides a unique investment opportunity in a historically difficult industry to access. The fund is comprised of investments in several well-managed clinics that are an attractive component within a larger portfolio of investments. The dental industry in Canada exhibits a low level of revenue volatility. Dentistry has high net margins relative to other industries operating in the healthcare space, which, in management’s opinion, has an ability to convert profits into cash flow.
The Canadian dental industry is only 2% corporately owned (as per the Canadian Dental Association), whereas the United States dental industry is 30-40% corporately owned, suggesting that a similar trend of consolidation may occur in Canada. The Dental Fund has taken proven dental practices with a strong track record and consolidated them into one fund.
Fund Highlights:
- Target 9% annual return paid quaterlyl
- 29 clinics owned across Canada (June 2023)
- 72,000+ patients
- 50+ dentists
- Multi-city, multi-clinic group of practices operation in Ontario, Alberta & Saskatchewan