Coniston is delighted to announce that FMC, the leading media brand and software platform in UK dentistry, has been sold to Simplyhealth Group a UK-based health solutions company.
The transaction which is the first exit from Coniston Fund I will deliver a 72% IRR and 3.6x MM in under three years.
Through a combination of organic growth and acquisitions FMC now supports a growing mix of independent practices and DSOs through an integrated suite of Compliance, HR, CPD, Consent, and Marketing solutions alongside its established Media and Events offering.
Craig Welling, CEO of FMC, commented “Working with Coniston has been a fantastic experience. From the outset, they understood our ambition and have been an excellent partner, supporting us across acquisitions and giving us the confidence to deliver our growth strategy. This transaction marks an exciting new chapter for FMC and the largest investment in our 30-year history. Simplyhealth Group shares our long-term ambition for dentistry, and we are excited about what we can achieve together.”
Alfred Chambers, who led the transaction for Coniston, commented “Congratulations to Craig, Tim and the whole FMC Team, we have thoroughly enjoyed the journey together and wish them every success as they continue the next stage of their growth journey with SimplyHealth Group. Thank you to our friends at Browne Jacobson and Crowe for their advice on the transaction.”
Coniston originally backed the MBO of FMC in August 2023 and has since worked closely with the management team to deliver its growth ambitions, supporting four acquisitions and a £4m growth round in April 2025. Coniston and FMC were advised by Browne Jacobson (Mike Jackson, Matt Dorman, Morgan Summerfield, Abigail Noakes and Lucy Charlesworth) and Crowe (Dan Nixon and Emma Reynolds).
