Since 2006, I’ve been helping dental practitioners to buy and sell practices across the UK. With an unrivalled breadth of experience, I untangle all the complicated strands around dental transactions, providing expert advice to individual practitioners, dental committees and boutique corporate acquirers.
I know that you can’t contact me during surgery hours, so I work around you, and am always on the other end of the phone when you need me. With other members of the Health and Social Care team, I deliver seminars on all issues around buying and selling practices, ensuring that you’re prepared should the time come to make a transaction.
The CQC process is always time consuming and best started as soon as you have agreed to buy or sell a practice. No matter how fast you agree the legal documents you will always need the approval of the CQC before you complete.
I can’t stress enough the importance of getting your business ready for sale. Make sure you know how to locate all your key paperwork, by doing so, you’ll make the disposal process much easier (and faster!).
What are the legal issues to consider when selling my dental practice?
Depending on your current situation and whether the practice you’re buying is an NHS practice, private practice or mixed practice, there may be a variety of issues to consider. I’ll talk you through the key commercial and legal issues that you need to be aware of during and after a practice’s sale, and the strategies required to effectively address them.
How can I sell my NHS contract?
You cannot sell your NHS contract as this is specifically prohibited by the terms of the contract itself. If you are incorporated then you can sell the shares of the company which holds the contract. If you are not incorporated you will need to take the owner on as your partner, following which you will be able to retire from the business. PDS contracts are more difficult, but we are happy to discuss!
Following the relaxation of lockdown and the winding down of the various government support schemes…Read full article