2009 Highlights

2009 was highlighted by a number of successes including:

  • A record Net Profit After Tax result of $9.7 million, generated on revenues of $187.2 million and an EBIT DA of $31.5 million
  • Grew the Lumino The Dentists network in New Zealand to 42 clinics nationwide, through the acquisition of 10 practices including New Zealand’s largest single site practice, ProudMouth in the Auckland CBD
  • Entered the Australian dental market, launching the Dental Partners brand and growing the network to 18 practices across Australia
  • Acquired Dunedin Hearing with six clinics and opened additional Greenfield sites around New Zealand, taking the Bay Audiology network to 64 clinics in New Zealand
  • Continued the growth of Bay Audio in Australia which now has 48 permanent and visiting clinics in Queensland and New South Wales
  • Entered the Asian audiology market with a small initial investment in audiology clinics in Singapore and Hong Kong
  • Acquired speciality obstetric radiology business, Insight Radiology, in New Zealand and increased their 4D Ultrasound capacity
  • Opened second Ascot Radiology clinic specialising in breast imaging, and invested in two new 3T MRI machines and other leading edge equipment and technology

Events Since Year End

  • Acquisition of Remuera Dental Centre by Lumino The Dentists
  • Grew the Dental Partners network through acquisition of a further four dental clinics in New South Wales, Australia - Port Macquarie, Coffs Harbour (2) and Burwood
  • Entered the Malaysian audiology market with the acquisition of two stores in Kuala Lumpur
  • Bay Audio in Australia opened a further three Greenfield sites in shopping malls at Westfield Carindale in Queensland, Chatswood Chase shopping centre in NSW and Wynnum Plaza in Brisbane