Q&M plans to pay for the acquisition via a mix of cash and shares.
The acquisition is part of its strategy to "continue strengthening and expanding its dental business in Singapore, which remains its core market.
"The acquisition is intended to support the company’s ongoing growth in Singapore by enhancing its existing network and capabilities in the domestic market," says Q&M.
Last year, Q&M announced plans to acquire an unnamed dental group in Thailand. Thus far, the deal has not been finalised.
See also: Jardine Matheson buys Australia-based diagnostic chain at enterprise value of A$3.4 bil
Q&M shares closed at 53 cents on March 3, up 0.96% for the day and is up 87.5% in the past year.
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