Q & M Dental Group (Singapore) Limited announced on Mar, 11 2026 that it has entered into a non-binding memorandum of understanding to buy 100% of an Australian dental group operating more than 40 clinics across New South Wales, Victoria, Queensland, Tasmania and the Australian Capital Territory.

The proposed consideration totals AUD144.5 million. About AUD30 million (21%) will be injected into the target as post-completion capital to repay loans, AUD59.5 million (41%) will be paid in cash to the sellers—AUD40.75 million at completion and AUD18.75 million one year later, subject to a first-year profit target—and AUD55 million (38%) will be settled through new Q & M Dental Group shares priced at S$0.70 each, subject to a 15-year moratorium.

The transaction is backed by a seven-year profit guarantee totalling roughly AUD105.7 million. The sellers will place AUD8 million in escrow to cover any shortfall, with a reduction to AUD5.5 million if the first-year target is met. All eight founding dentist-shareholders are expected to sign 15-year service agreements and remain with the business.

Q & M Dental Group said the deal would support its strategy of expanding beyond Singapore and building a regional platform, following its previously announced plans to enter Thailand’s dental market.

The parties aim to sign definitive agreements within one year, subject to due diligence, regulatory approvals and other customary conditions. The company cautioned that there is no certainty the acquisition will proceed and will update shareholders on material developments.