Smoothly Sell Your Dental Practice to an Associate - Henry Schein Dental Practice Sales
Are you considering selling your dental practice to an associate? While it may seem ideal to have a trusted colleague taking over, the process can still be complex. Henry Schein Dental Practice Sales, formerly MediEstates, is here to offer expert guidance, ensuring a seamless transaction for both parties.
What Is an Associate Buy-Out?
An associate buy-out is the transfer of ownership to a dentist who already works within the practice. Because the incoming owner knows the team, patients and clinical workflows, the handover can be smoother than a sale to an external buyer. Henry Schein Dental Practice Sales regularly brokers these transactions and has a dedicated pathway that keeps the process efficient while protecting the goodwill you have built.
Selling to an Associate: Advantages and Challenges
Selling to a trusted colleague comes with its advantages, including good working relationships with the existing team, familiarity with patients, and day-to-day operations. However, even with a buyer already in place, there are still hurdles to navigate. That's where our specialist consultants’ step in, making sure you experience a smoother transaction.
Why Choose Henry Schein Dental Practice Sales for Buying a Dental Practice?
Our team of consultants possesses in-depth knowledge of each dental practice they market, enabling them to address all your queries and specific accounting questions regarding the practices for sale. We can even highlight areas for growth or development as we benchmark each practice for sale against industry averages. With our assistance, you can rest assured that you'll find the perfect practice that aligns with your needs and goals.
Expert Guidance for a Seamless Transaction
Don't go through the process alone. Trust Henry Schein Dental Practice Sales to guide you through the intricacies of selling your practice to an Associate. Get in touch with us today and take the first step towards a successful and hassle-free transaction.
The Business Case for Selling to Your Associate
Passing the reins to a trusted colleague secures continuity of patient care and preserves the practice culture. It also reduces the risk of the deal falling through. For many principals this blend of certainty and legacy makes an associate sale the preferred exit route.
Navigating Legal, CQC and Property Requirements
Our panel of solicitors manage NHS contract transfer, CQC re-registration, property particulars and TUPE staff obligations. They create and review contractual agreements and assess property enquiries ensuring that regulatory approvals are all in hand.
Your Transition Timeline – From First Conversation to Completion
A typical associate sale runs four to eight months from valuation to completion. We break the journey into clear milestones: valuation, finance, heads of terms, due diligence, contract signing, CQC approval and completion.
Why Henry Schein Dental Practice Sales Is the Partner of Choice
• One of the largest specialist broker in the UK with access to more than 6,000 registered buyers and over twenty years’ market data, giving you unmatched benchmarking and negotiation leverage.
• Advisory team who guide you on valuation and deal structure at no upfront cost.
• End-to-end service that combines brokerage, finance sourcing and post-sale planning, allowing you to focus on patient care throughout the transaction.
• A proven track record of smooth associate buy-outs, with a pool of independent buyers on-hand in the background in the unlikely event that the deal does not progress.
Looking to sell your practice to an associate? Get in touch today.
Frequently Asked Questions
Find answers to our most frequently asked questions from our clients.
How long will it take to sell my dental practice?
The length of time can vary depending on the practice type and buyer type. Typically a practice sale completes within 4-10 months. For a more detailed discussion about your own circumstances please contact us.
When is the right time to sell my dental practice?
This very much depends on your lifestyle goals and your timeline for exiting the business. In some transactions, the buyer may ask you to work on for 1-5 years and so it is important to plan ahead and ensure you start the sale process early enough to match your proposed timeline. It’s also vital to think about which type of dental buyer you want to sell the business to, as this may impact upon your planned exit date.
What are the current dental market trends?
Dental practices continue to be appealing purchases for both independent and corporate buyers with the banks and private equity investors keen to lend within the sector. As the market is fluid it is best to reach out to us for a valuation. Each practice is unique and our regional Business Development Managers will be able to advise you on the current market trends that will impact your particular practice and when the best time is to sell.
What documentation will I have to prepare to sell my dental practice?
The due diligence process is often the biggest time commitment for sellers. We have an in-house due-diligence specialist who will support you through the sale and can provide you with a checklist early on the in the process so you can start to prepare the required documentation.
What are the benefits of using a company like Henry Schein Dental Practice Sales to sell my practice?
We will give you a detailed and accurate market valuation for your practice, as well as advice on market trends and the best time to sell. As a national broker we have a large database of active buyers enabling us to confidentiality present your practice opportunity to the widest possible audience. Through generating multiple buyers, we can create competitive negotiation and therefore maximise your sale price. Our work doesn’t end there though; we provide support from start to finish of the sales process, representing your best interests and allowing you to focus on the day-job.
