Specialist business property adviser, Christie & Co has sold Dinnington & High Green Dental Practices in South Yorkshire in one of the largest dental transactions in the North this year.
The group was sold to August Equity’s new buy-and-build platform as its second purchase following the acquisition of Genesis Dental Care in May.
Dinnington & High Green Dental Practices, which comprise of 13 surgeries in two prominent locations, have an exceptional reputation across the region and provide NHS & private treatments as well as foundation training for dentists.
Michael and Margaret Naylor owned the practices for some 35 years and said: “We appointed Christie & Co to handle the sale of our two dental practices.
“Jonathan’s contacts and market knowledge helped gain several offers and a successful sale. His assistance in smoothing inevitable bumps in the road was invaluable.”
Neil Lloyd, CEO of the new platform, said: “We are delighted to have acquired the practices at Dinnington and High Green; high quality practices, high calibre clinicians and staff, and a strong local reputation. They are the model of the sort of practices we are acquiring for our rapidly growing business.”
Jonathan Watson, associate director at Christie & Co’s Manchester office, added: “Attracting multiple offers from a range of buyers, this sale is another example of the strong market for higher value and profitable dental practices.”
The practices were sold off a guide price of £5,750,000.