The mixed dental business of Shaw & Associates Dental Surgeons has been sold to BUPA Dental Care with the help of business property advisor Christie & Co.
Shaw & Associates is amongst the most profitable and successful independently owned dental groups in the UK, and involves practices in Huddersfield and Halifax.
The Huddersfield site is a traditional dental practice on the outskirts of the town centre, in a densely populated location in the heart of the community. The second practice is near Halifax.
The two practices were acquired in 2013 by Shaw & Associates Principal, Dr Giles Ratcliffe, who said: “It was great working with Jonathan Watson at Christie & Co and David McEwan from Schofield Sweeney Solicitors. Working through a practice sale can be stressful at times for somebody not used to the process; but I never for a second, felt unsupported or more than a phone call away from a wealth of expertise and experience.”
Jonathan Watson, Director at Christie & Co handled the sale. He said: “It was a genuine pleasure to work with Giles, who we have been advising for a number of years. I am delighted that he and his family have been able to achieve a landmark deal to reward their hard work and dedication to their practices. It took a real team effort between all parties involved to conclude a deal of this size in just three months. The group generated significant interest and multiple offers from a number of key players in the dental arena. With an asking price of more than 300% of turnover, this emphatically demonstrates the strength of the market for profitable dental practices and group sales across the North and beyond.”