Burlington, ON April 22, 2021 / – Newlook Capital Inc. (“Newlook”) is pleased to announce that Newlook’s platform of dental clinics (“Dentalook”) has completed an investment in an additional practice located in Thunder Bay, Ontario (“Viva Dental”). The transaction closed on April 20, 2021.
Thunder Bay is the largest city in Northwestern Ontario and is located next to Lake Superior. Key business sectors in the city include IT, health sciences, manufacturing, forestry, and mining. Viva Dental has operated in Thunder Bay since 2018.
Newlook’s Chief Investment Officer, Abbas Osman, notes “We are very pleased to have officially added our 14th practice to our portfolio of dental clinics in the Dental Fund. Viva Dental has over 1,550 patients and four operatories.”
“We are very proud to be one of the only offerings that provide retail investors an opportunity to invest in the Canadian dental industry,” adds Elroy Gust, Newlook’s Chief Executive Officer. “The teams at both Dentalook and Newlook are thrilled to be onboard, helping the new clinic with their business development and growth goals and seeking continued growth and success for Dentalook and all of its portfolio clinics.”