Seven practices in North East sold jointly
- Details
- Published: Wednesday, 10 September 2014 07:59
- Written by News Editor
- Hits: 2017
Over the course of the month of August, aided by Dental Elite, a group of six individual dental practice owners in the North East successfully completed on the sale of their seven dental practices to a small corporate from the South of England. By acting together the group secured a value 15-20% more than their individual valuations and for one practice a price £300,000 more than a heavily negotiated offer from a well-known dental corporate.
Whilst the sale of the group was a little more protracted than a typical sale it was heavily contested by two main contenders, neither of whom were groups with a presence already in the area.
The negotiation process also allowed those with greater private turnover to be free from the burdens of private income targets and deferred consideration, said Dental Elite. They were also in the enviable position of being able to choose the offer from the bidder they felt most reflected their clinical ambitions and who they and their teams would enjoy working with most in the forthcoming years.
You need to be logged in to leave comments.
Report