It is well documented that the UK Dentistry market is consolidating but it is not ‘consolidated’. Of the 12,500 dental practices in the UK it is estimated around 12% of them are owned by Corporate Groups. Of which over 1000 are owned by {My} Dentist & BUPA alone. Dental Practice Groups are estimated to account for a further 2500 dental practices. Which leaves circa 8500 (68%) of Dental Practices in private hands.
The other significant trend is the increasing number of women who are becoming dentists. Soon >50% of dentists will be women.
The sale of Drayton House Dental Practice to Dr Ria Patel indicates why it is essential to use a dental broker who has a full list of Associates looking to buy. Rather than a dental broker who is only able to flip your dental practice to a small list of corporate buyers. There are plenty of private buyers looking for dental practices and they are often highly motivated to buy a dental practice in a specific location. That location could be exactly where your dental practice is based. The chances of that private buyer being a woman are also going to significantly increase.
At Lily Head Dental Practice Sales we often talk about how we change the lives of #dentists for the better. Without wanting to over play our hand it is true.
If you would like to discuss anything about buying, selling or financing a dental practice then please Contact Us.
The dental practice sold from an asking price of £395,000 plus the freehold.
