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MediEstates - Staying Ahead in the Evolving Dental Practice Acquisition Market
Staying Ahead in the Evolving Dental Practice Acquisition Market

Staying Ahead in the Evolving Dental Practice Acquisition Market

 

The dental practice acquisition market is dynamic and ever-changing. As a dental practice owner, it's crucial to stay informed about the latest trends and insights that can impact your business. In this blog, we will explore some key findings from a recent Mintel report and discuss how they can guide dental practice owners in navigating the evolving market landscape. 

 

 

Market Trends

The Mintel report highlights an encouraging projection for the dental industry in the UK. It forecasts a steady growth rate over the next few years, with a particular emphasis on private dental care. According to the report, UK dental expenditure is expected to rise by 18% between 2023 and 2027, reaching £11.98 billion, with 63% of this spend attributed to private dentistry. This trend suggests that dental practice owners who offer private services have the potential for increased growth and profitability.

 

 

Capitalising on Private Services

Given the growing demand for private dental care, dental practice owners should consider investing in private services. Providing private services not only allows you to cater to the evolving needs and preferences of patients but also contributes to the saleability of your practice in the future. By offering high-quality private care, you can position your practice as a premium provider, attracting patients willing to pay a premium for top-notch care, advanced technologies, and innovative treatments.

 

 

Meeting the Demand for High-Quality Dental Care

The Mintel report highlights the increasing demand for high-quality dental care among patients. Today's patients are more discerning and place a higher value on exceptional dental services. To meet these expectations, dental practice owners should prioritise delivering outstanding patient experiences, investing in advanced technologies, and staying updated with the latest treatment methodologies. By aligning your practice with patient demands, you can ensure long-term success and attract a loyal patient base.

 

 

Leveraging Expertise for Success

At MediEstates, we understand the significance of keeping up with industry changes and market trends. Our team of experts specialises in providing comprehensive valuations that consider current market conditions and anticipate future sector developments. Whether you are contemplating selling your practice or simply want to gauge its value and market demand, our valuation services offer valuable insights. We can help you identify areas for improvement to enhance the value of your practice and position it to leverage the latest market trends.

 

 

Conclusion

The dental practice acquisition market presents exciting opportunities for growth and profitability. By staying informed about market trends, such as the growing demand for private dental care and high-quality services, dental practice owners can position their practices for success. Investing in private services and continually enhancing the patient experience are crucial steps to capitalise on these trends. Leveraging the expertise of industry professionals can provide valuable insights and guidance for navigating the evolving market landscape.

 

 

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

 

Posted by: Alison Bates 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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