Dentalum

About Dentalum

Dentalum is a Swedish dental service organization founded in 2019 by Max Dorthé Ladow and Marcus Ladow. The company operates as a consolidator, acquiring profitable private dental clinics across Sweden. Its business model is centered on a decentralized structure, allowing acquired clinics to maintain a high degree of operational independence and their local brand identity. The original entrepreneurs often continue to run their clinics post-acquisition, benefiting from Dentalum's centralized support functions.

These central services include administration, procurement, marketing, IT, legal, finance, and HR, designed to improve efficiency and foster a sustainable revenue stream. Dentalum also provides educational opportunities and facilitates the sharing of best practices across its network. The company serves a broad patient base by offering general, aesthetic, cosmetic, and specialist dentistry. Revenue is generated directly from the dental services provided by its portfolio of clinics. The company has pursued an aggressive growth strategy, expanding its network through numerous acquisitions. For instance, in December 2020, Dentalum acquired City Dental, one of Sweden's largest private dental clinics. By September 2022, the group had grown to comprise 26 clinics across nine regions in Sweden.

The company's growth is financed through a combination of shareholder contributions and bond issues. In late 2021, Dentalum successfully completed a new share issue of approximately SEK 170 million to finance future acquisitions. The company has stated its intention to list its shares on a public market. The founders, Max Dorthé Ladow (CEO) and Marcus Ladow (Head of M&A), lead the company's expansion. Max Dorthé Ladow has a background in finance, including experience in private equity, which is pertinent to the firm's acquisition-led strategy.