Abano posts flat first-half profit as dental acquisitions offset margin squeeze

Abano posts flat first-half profit as dental acquisitions offset margin squeeze
Paul McBeth
By Paul McBeth Dec. 20 (BusinessDesk) - Abano Healthcare reported a flat first-half profit as dental practice acquisitions helped offset skinnier margins from its New Zealand operations and the sale of its radiology business a year earlier.  Net profit attributable to shareholders was unchanged at $6 million in the six months ended Nov. 30. Revenue was up 7 percent at $142.4 million, bolstered by the acquisition of 14 dental practices in the period, most of which were large Australian practices.  Abano spent $31.6 million on the practi...