78% of practices cited cash flow as a major concern
Are you overpaying on your finance?
Practices are unaware that the banks have a huge appetite to lend to the healthcare sector.
Existing practice acquisition loans can be refinanced to enhance cash flow and enable new innovations or renovations within the practice.
We are sure you will relate to this as this is your nest egg for when you look to retire and so when profitability is not growing, your retirement fund will suffer.
Estimate your potential monthly savings below:
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Note: Henry Schein Financial Services works exclusively with a select number of banks and finance providers. The information and calculations contained herein are intended to be informative in nature, and are not intended to be a substitute for professional advice. The information was obtained from sources we believe to be reliable but is not guaranteed. Nothing contained herein should be treated as financial or other professional advice. Rates and programs are subject to change without notice. All transactions are subject to the satisfaction of underwriting guidelines, credit approval by third-party lenders, and documentation requirements, and not all applicants will qualify. Certain other restrictions and additional terms and conditions may apply.
At Henry Schein Financial Services, we partner with an exhaustive panel of lenders which will allow us to perform a full and comprehensive review of your finance loan.
We work closely with the head of healthcare at each of the banks from who we receive preferential rates due to our long-term partnership with them. Not only that, but you will also benefit from our expertise in positioning your case to the banks in the best possible light in order to source the most competitive deals available to you on the market. This will all be undertaken whilst you are performing treatments in your surgery so that you are not taken away from your business.For all of this, we will not charge you a fee.As a valued customer of Henry Schein, we want to support you in your business growth so that your practice is the best it can be.
Enquire into RefinancingWhat Our Clients Say
Selling a Dental Practice can be a lengthy, difficult and stressful process but Mediestates have been totally helpful and supportive in finding the right buyer whilst maintaining confidentiality throughout. Peter visited and valued the practice straightaway and it was on the market within a few weeks. Shannon has guided me through all aspects of the sale process and was pivotal in liaising with the numerous legal, financial and regulatory teams, the buyer and keeping the sale on track. It was very reassuring to have Shannon as my own point of contact which ensured continuity. She handled all queries cheerfully, efficiently and intelligently without the need to have start each conversation reminding her what we discussed last time. I would rate her very highly.
K Robson
,
NHS Dental Practice
Looking to refinance your purchase loan?
Contact a member of our experienced finance team today to discuss your options.
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 do buyers look for in a dental practice purchase?
A dental buyer will want to see growth potential within a dental practice and the available chair-capacity or expansion space to capitalise on this. Stability is really important post sale, so a buyer will benefit from a steady in-flow of patients and a stable clinical and support team. Having an appealing physical environment is also important to attract buyer interest.
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.
