6/14/2018 | Dental Practices

Dental group in Yorkshire sold to expanding regional operator

Specialist business property adviser, Christie & Co has sold a group of two NHS dental practices to expanding regional operator, ASR Dental. Situated in prominent locations in West & South Yorkshire, the two practices comprise a total of four surgeries and present the opportunity for further expansion.

Having owned the well established dental practices for over 20 years, the previous principal comments, “We appointed Christie & Co to handle the sale of my two dental practices in Yorkshire. They ran a very organised marketing process and managed to generate many offers. Throughout the deal Jonathan & Carl at Christie & Co were very supportive and worked hard to ensure the deal was concluded successfully.”

Altaf Hussain, Director of ASR Dental comments on the sale, “We are delighted to add two well established practices to our rapidly expanding portfolio across Yorkshire. We were pleased with the manner in which Christie & Co handled the transaction. Jonathan & Carl at Christie & Co were extremely professional and always available to call upon when an issue arose. This latest growth drive is a huge milestone for the group; we’ve steadily acquired practices around Yorkshire since we began in 2004, and have ambitions to, ultimately, run practices across the North of England.”

Jonathan Watson, Associate Director at Christie & Co handled the sale and comments, “This sale is yet another fantastic example of the insatiable appetite we are seeing for NHS practices in prominent locations across the North of England, we were able to generate 11 offers and ultimately achieved a great result for our clients. It is always exciting and rewarding to aid the expansion plans of ambitions operators like ASR Dental.”

David McEwan of Schofield Sweeney Solicitors acted on behalf of the seller and comments, “Christie & Co brings the same professionalism and integrity to its business of brokering dental and other healthcare transactions as it does to its highly respected RICS valuation business. This undoubtedly gives Christie & Co a competitive advantage, I would have no hesitation in recommending their services to clients.”

Christie & Co sought offers in excess of £1,500,000 for the two practices plus the freehold interests.