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MediEstates - Seize the Opportunity: Why Private Practice Owners Should Sell Now
Seize the Opportunity: Why Private Practice Owners Should Sell Now

Seize the Opportunity: Why Private Practice Owners Should Sell Now

 

The dental industry is experiencing a surge in demand for private practices, making it an opportune time for Practice Owners to consider selling their businesses. In this article, we will explore the increasing demand from Buyers and explain why private Practice Owners should choose MediEstates to facilitate their practice sale.

 

 

Favourable Investment Opportunities:

Private practices are viewed as attractive investment opportunities by a diverse range of Buyers, including individual practitioners, corporate entities, and investors. For individual practitioners, acquiring a private practice offers a chance to establish themselves in a specific geographic area or expand their existing patient base. Corporate entities seek to diversify their portfolios and increase their market share by acquiring successful private practices. Investors recognise the stability and potential profitability of private practices, making them an appealing asset class.

 

 

Stability and Autonomy:

Private Practice Ownership provides a level of stability and professional autonomy that is often highly valued by buyers. Compared to working for larger dental organisations, owning a private practice offers greater control over decision-making, flexibility in patient care, and the ability to shape the practice's culture and values. Many dental professionals aspire to own their own practices, and the demand reflects their desire to establish a long-term professional legacy.

 

 

MediEstates' Extensive Buyer Network:

MediEstates boasts an extensive network of potential Buyers actively seeking private practices. By choosing MediEstates to facilitate the sale, Practice Owners gain access to a broad pool of qualified and motivated Buyers. This competitive Buyer market ensures owners receive fair market value for their practices and increases the likelihood of finding the ideal Buyer who shares their vision and values.

 

 

Expert Guidance and Support:

MediEstates provides expert guidance and support throughout the practice sale process. Their team of experienced professionals understands the intricacies of dental practice sales and can help Owners navigate negotiations, valuation, marketing, and legal documentation. By partnering with MediEstates, Practice Owners can focus on their core responsibilities while benefiting from a seamless and efficient sale process.

 

 

Conclusion:

The current market conditions present a prime opportunity for private Practice Owners to sell their practices due to the growing demand from buyers. By capitalising on this demand and partnering with MediEstates, owners can ensure a successful sale that aligns with their goals and maximises their returns. Whether it's the desire for personalised care, investment opportunities, stability, or autonomy, private practices hold immense appeal for buyers. With MediEstates' extensive Buyer network and expert guidance, Practice Owners can confidently navigate the sale process and achieve a prosperous outcome.

 

 

Why not contact our team today and see how we can help with a free, no-obligation valuation?

 

Posted by: Junaid Mumtaz on

General Buyer Terms 

This agreement is in relation to MediEstates Limited whose registered office is at 1st Floor, Pacific House, Stanier Way, Wyvern Business Park, Derby, DE21 6BF acting for and on behalf of our clients ("the Vendors"); and yourself (Buyer's Name) in relation for an introduction to a prospective sale of a business as a going concern. By registering through this agreement I agree to all terms set out below:

  1. Definitions
    In this Agreement the following terms and phrases shall have the following meaning unless the context otherwise requires:

    Business
    Dental Practice business providing dental care. This business is under the MediEstates Ltd sale terms.
    Confidential Information
    Means the actual Vendors identity and all confidential information in respect of the Business, including, but not limited to, any ideas, business methods, prices, accounts, finance, marketing, research, development, manpower plans, processes, market opportunities, intentions, design rights, product information, customer lists or details, employees’ details, trade secrets, computer systems and software, and other matters connected with the products or services manufactured, marketed, provided or obtained by the Vendor, and information concerning the Vendor’s relationships with actual or potential clients or customers and the needs and requirements of such clients’ or customers’ operations.
  2. Obligation of Confidentiality
    The Prospective Purchaser agrees to treat as confidential, information supplied by or on behalf of the Vendor in connection with the sale of the Business.
  3. Exclusions
    The obligation of confidentiality set out in clause 2 does not apply to:
    1. any information received from a third party who was legally free at the time of disclosure to disclose it;
    2. any information which was already lawfully in the Prospective Purchaser’s possession prior to receiving it from MediEstates Ltd on behalf of the Vendor; and
    3. any information which is in its entirety already in the public domain.
  4. Duties of Prospective Purchaser
    1. The Prospective Purchaser shall take such a reasonable security measures to protect the Confidential Information and trade secrets.
    2. The Prospective Purchaser shall not, without the prior written consent of the Vendor, permit any of the Confidential Information:
      1. to be disclosed, other than in confidence to its legal or professional advisors;
      2. to be copied or reproduced;
      3. to be commercially exploited in any way;
      4. to be used for any purpose other than in connection with the prospective purchase of the Business;
      5. MediEstates is registered under the Data Protection Act 2018. Upon Signing this agreement you agree to follow the legal obligations of this act to protect the details of the information supplied to you, with it no to be passed outside of the control of you the prospective purchaser.
    3. The Prospective Purchaser agrees to keep a record of Confidential Information received.
    4. The Prospective Purchaser will return to MediEstates or the Vendor all documents containing Confidential Information and all copies of those documents on demand at any time which are in its possession or under its control, and for this purpose the term “documents” includes computer discs and all other materials capable of storing data and information. The Prospective Purchaser agrees that such documents remain the property of the MediEstates on behalf of the Vendor.
    5. The Prospective Purchaser must not jeopardise or re-direct the sale under any circumstances.
    6. The Prospective Purchaser must not contact the Local Area Team or CCG regarding any practice sale, by any means of media unless written permission is granted from the Vendor.
    7. To carry out own due diligence on practice purchases and accepts that any information MediEstates has supplied is information provided by the vendor and is not responsible for its accuracy or completeness.
  5. This Agreement
    The existence of this Agreement and its terms are confidential and neither MediEstates nor the Purchaser may disclose anything about this Agreement or its subject matter or implementation to any person other than in confidence to their legal or professional advisers.
  6. Duties of Prospective Purchaser
    When buying Dental practices, finance is normally needed. Our organisation operated over more than one of the MediHoldings brand, by completing this from you agree that the information can be shared to our other organisations to avoid the need to register independently and provide the best possible service.

    MediEstates will refer you to the specialist dental lending team and MediFinancial who will contact the necessary banks, whom have preferential healthcare lending rates in some cases, to ascertain which funding is available to you.
    By signing this agreement you do not have to use any of the banks MediFinancial contact, it is just another service which we provide.
  7. Deposit for Dental Practice
    If you are interested in putting forward a formal offer in for a practice, once the offer is accepted there will be a deposit required to secure the practice sale which is dependant of the practice size. This deposit is held in a client account and will be returned to the buyer on completion of the practice sale. You the buyer, will be required to sign a deposit schedule which will cover the buyer and the seller in the event that the practice sale does not proceed.
  8. Changes to this Agreement
    Any changes made to this agreement must be authorised and signed by one of MediEstates Ltd Directors.
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