A BOLTON company which owns more than 120 dental practices plans to float on the Stock Market and raise up to £25m.

Integrated Dental Holdings will list early next year with a market value of around £60m.

The main reason for flotation is to allow the company to build further on its position as the UK’s largest group of dental practices through acquisitions and organic growth.

IDH aims to raise approximately £25m, comprising a placing of £15m new ordinary shares and £10m from the sale of existing shares.

It operates 99 unbranded dental practices in England and Scotland, mosty serving NHS patients, and 29 practices under the Whitecross brand based mostly in the south of England with an equal mix of private and NHS patients.

Altium Capital has been appointed as the Company’s financial adviser and broker and will conduct a fundraising on the Company’s behalf through a placing with institutional investors.