Adria Dental Group, which both Arena and Salona Dental polyclinics will be operating under, will serve as the hub for the PCP-initiated consolidation of the dental sector.
Provectus Capital Partners (PCP), an investment company focused on the markets in Southeast Europe, has invested in the Solin-based Salona Dental Polyclinic, Dalmatia’s leading polyclinic. This is the fund’s second investment in the Croatian dental sector, following its investment in Zagreb’s Arena Polyclinic in June of this year. Salona Dental boasts ten state-of-the-art equipped treatment rooms, diagnostic equipment and instruments, and a dental laboratory. Simultaneously with investing in Salona Dental, PCP has launched Adria Dental Group, the first regional dental group, which both Arena and Salona Dental polyclinics will continue operating under. Adria Dental Group will serve as the holding for the PCP-initiated consolidation of the dental sector.
“Investing in both private healthcare and dental sectors is the backbone of our fund’s investments, as those are the businesses that we believe have an enormous growth potential in Croatia and the region. In Salona Dental, we will be getting the leading Dalmatian polyclinic, with a team of first-class experts and the latest technology. The consolidated operations of our dental polyclinics through Adria Dental Group will allow for an even better-quality positioning and faster growth of the dental business, not only in Croatia but also in foreign markets, which have been a source of considerable demand for domestic dental services. Croatia has established a high service standard, and Adria Dental Group is committed to continuing the development of that standard through future investments in new technologies and staff,” stated Igor Čičak, CEO and Managing Partner at PCP.
The investment in Salona Dental Polyclinic is the third investment in the private healthcare system made by PCP’s ASEF (Adriatic Structured Equity Fund), which is supported by the European Investment Fund and the Croatian Bank for Reconstruction and Development under the CROGIP program.
Provectus Capital Partners (PCP) is a member of Croatian Private Equity and Venture Capital Association (CVCA).