Christie & Co sell Madeley Dental Practice and Dunelm Orthodontics to Portman Healthcare
Specialist dental property adviser, Christie & Co has sold Madeley Dental Practice in Shropshire, an 11 surgery mixed income dental practice and Dunelm Orthodontics in Durham to Portman Healthcare in two separate transations.
Like many practice owners, the previous owners of Madeley Dental were inundated by off-market approaches to buy their practice, but when the time came to sell due to forthcoming retirements and to relinquish ownership responsibilities the partners sensibly opted to instruct an agent. After a busy marketing process the practice was sold to Portman Healthcare, one of the fastest growing national dental operators in the UK.
Dunelm Orthodontics is a six surgery practice located in Durham City, which is well equipped with state-of-the-art equipment. Mike Stedman has been an orthodontist treating patients throughout the North East for over twenty years and established Dunelm Orthodontics in 2000. Dunelm Orthodontics the only ‘Orthodontic Specialist’ practice in Durham and works with both NHS and private patients.
Carl Steer, Director of Christie & Co’s Dental team handled the sale of Madeley Dental Practice and comments, “As one of the largest single practices brought to market in recent times, we always knew who might be interested in the opportunity, however ensuring all parties entered into a process was always going to be key in obtaining best value and terms for our clients. Our clients were very pleased to attract Portman as the purchaser.”
Paul Graham, Director of Christie & Co’s Dental team handled the sale of Dunelm Orthodontics and adds, “The market for dental and orthodontic practices remains strong across the UK and at Christie & Co we are seeing demand continue across the board ranging from first time buyers to national corporate operators for all types of practices large and small. Our remit is to act solely for the seller so as to ensure we are not conflicted to achieve the very best results for our clients. Our clients also benefit from our network of 16 regional offices UK-wide alongside the largest specialist dental team in the UK.”
Gary Chapman of Portman Healthcare comments, “Another two fantastic acquisitions for Portman Dental with the help of Christie &Co. We are extremely happy that for both the practices we were the preferred partner and I welcome the colleagues of both practices to the Portman family.”
Madeley Dental Practice was sold off an asking price of £3,500,000 plus freehold in addition and Dunelm Orthodontics was sold off a leasehold asking price of OIEO £1,600,000.