Protecting your dental practice is paramount when purchasing a dental practice. Ensure your business is adequately covered for potential disasters with the right insurance coverage, including:
Your insurance policy should include coverage for events such as:
The CQC mandates specific covers to be in place or obtained upon practice purchase, including:
Streamline your insurance needs by choosing a specialized dental practice insurance policy.
When purchasing a dental practice, lenders often require multiple insurance policies, such as:
A locum policy ensures the practice can continue generating revenue in the event the dentist is unable to work.
Protect your business from clinical negligence claims with an entity dental indemnity policy.
When purchasing a dental practice, lenders often require multiple insurance policies, such as:
A locum policy ensures the practice can continue generating revenue in the event the dentist is unable to work.
When purchasing a dental practice, lenders often require multiple insurance policies, such as:
At Henry Schein Dental Practice Sales, formerly MediEstates, we offer a range of insurance solutions tailored to your dental practice needs. Protect your business with confidence - explore our insurance guide today!
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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.
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.
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.
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.
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.
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contact@hsdpracticesales.co.uk
1st Floor, Pacific House
Stanier Way
Derby
DE21 6BF
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