The fully private practice has built an enviable reputation since it was first established in the early 1980’s and has seen significant growth in the last ten years, with the introduction of more specialist services and an expansion to the clinical team. The practice is now regarded as a centre of excellence for a full range of specialist dentistry.
The current principal owners, Dr Andrew Chandrapal and Dr Stephen Rees have been in partnership since 2011 and became the sole owners in 2015, when the third partner retired. They have made the decision to sell in order to focus their time on clinical development and plan to remain at the practice for the foreseeable future to continue this work, a key selling point for the new owners.
Dr Stephen Rees comments, “The practice team is excited by the new opportunities this latest step in our journey offers and we look forward to working with Dentex for many years to come.”
The business has been acquired by Dentex, an expanding national dental partnership group. The group was chosen from a short list of potential buyers as part of a confidential sales process, which attracted a high level of interest and multiple offers. This response highlights the strong investor appetite which currently exists for high-quality dental practices in affluent locations.
Oliver Snowden, Director of Partnership & Acquisitions at Dentex comments, “We are delighted to have Andy, Steve and the team at Bourne End Dental Practice join the Dentex Family. This established private practice has been developed with patients at the heart of everything they do – these are values that fit perfectly with our philosophy at Dentex. Engaged and motivated principals like Andy and Steve are ideal partners for us, and we look forward to working with them for years to come.”
Simon Hughes, Managing Director of Medical at Christie & Co handled the sale and comments, “I am delighted to have acted for Andy and Steve in the sale of their prestigious practice. Having sold Steve’s brother’s practice a couple of years ago the pressure was on to achieve a similar result and the amount of interest in Bourne End reflected the huge demand for quality in the current market. We wish them all the very best and congratulate Dentex in its latest acquisition.”
HCR acted for the vendors and Charles Russell Speechley acted for Dentex.
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