Company
 
Performance
 
Financials
 
Governance


 

ABANO DENTAL

our businesses

Abano owns 100 percent of Lumino The Dentists in New Zealand and, since year end, a 70 percent shareholding in Dental Partners in Australia, a newly established professional dental network. During the 2008 financial year, the dental sector contributed 22 percent of total revenue to the Group.

Both businesses provide a full range of general dental work, including complex restorative and cosmetic dental services, offering up to date technology, professional, high quality services and products which meet changing customer demand. The majority of income comes from private patients.

Lumino The Dentists is the largest group practice in Australasia. As at August 2008, the network has 35 practices around New Zealand, including three mobile dental units. The business model is seen as an attractive alternative to the traditional private ownership model with a growing reputation as it continues to acquire quality dental practices.

The investment in Dental Partners was made in June 2008, following year end, with the initial acquisition of eight practices in Queensland, New South Wales and one cornerstone practice in Melbourne, with forecast annualised revenues of over A$15 million. Up to 10 additional practices are expected to be added to the network by the end of the financial year. Dental Partners is expected to provide a positive operating NPAT contribution in the current financial year.

FINANCIAL PERFORMANCE

Financial Performance





* After allocation of corporate overhead


PEOPLE DEVELOPMENT IN DENTAL

The dental business employs more than 280 people including dental specialists, dentists, dental assistants, hygienists, practice managers/receptionists, support centre staff, clinical and dental technicians and dental therapists.

Staff are recruited from both New Zealand and abroad, with the qualifications of most British, South African, North American and Australian dentists and hygienists recognised in New Zealand.

Lumino has a number of initiatives in place to reward staff and is focused on providing a work environment and career opportunities that are simply not possible in other smaller practices.

  • Practice Manager Training programme
  • Annual Dental Conference for all clinicians
  • Creating opportunities for staff to share knowledge, through formal and informal meetings
  • Lumino Advantage - a benefits programme which provides rewards and benefits
Click to download the "Abano Dental" document as pdf ( 126 kb )