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

Wed, 19 Dec 2018

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...

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