Latest acquisition is a good fit for fast-growing dental practice
ONE of the fastest growing dental practices in Wales has made another acquisition. United Dental has acquired Courtland Dental Centre in Merthyr for an undisclosed sum. The deal was brokered by corporate advisory firm ProPractices Advisory.
Courtland was established by managing and clinical director Dr Huw Jones more than 20 years ago.
Dr Jones said: “I am delighted that after 20 years that we are going to be able to move onto the next chapter of Courtland with the support and investment of United Dental.
“Both myself and my excellent team look forward to continuing to provide our patients with outstanding clinical care and service.
“It has been a seamless process and I am particularly grateful to leadership team at United Dental and, in particular, our advisers Hywel Loveluck and Owen Sennitt of ProPractices who have managed a seamless transaction on our behalf.”
United Dental has 10 dental practices located across south Wales and Nottinghamshire.
It is is headed up by its chief executive, serial entrepreneur and dentist Dr Colin Hancock.
He said: “We are delighted to have acquired Courtland Dental Centre Ltd and its professional team of clinicians, nurses and administrators –we also look forward to Huw Jones joining the clinical board at United Dental. Courtland is an excellent acquisition and complementary to our other practice in Merthyr. It is also strategically located in the South Wales Valleys, an area to which we are wholeheartedly committed to providing quality dental care.
The parties to the transaction were introduced by ProPractices Advisory, who managed the process on behalf of the vendor.
Mr Loveluck, a director of Cardiffbased ProPractices,said: “We were delighted to be able to assist Dr Jones in his plans for Courtlands and to introduce Colin Hancock and his business, United Dental. It was quickly clear to us that the two businesses were a logical fit.”
The legal process was managed by Rebecca Mansfield-Fellowes of Mansfield Fellowes Solicitor.
Moreover, a dental practice in the Vale of Glamorgan has been acquired, with the backing of a sixfigure funding package from Lloyds Bank Commercial Banking.
Castle Court Dental has beem bought by university friends Eifion Roberts and Baharat Nagrani from previous owner Tim Mills.
They are now planning to expand the services available at the practice including offering dental implants, non-surgical facial treatments and cosmetic orthodontic services.
Two new dentists are also set to join the practice in Dinas Powys, which will allow the surgery to take on new patient.
Mr Roberts said: “The practice already has an excellent reputation across the area for providing the highest standard of care to its patients, and we want to continue to build on this by increasing the specialist services on offer.”
Suzanne Rees, healthcare relationship manager for Lloyds Bank Commercial Banking, said: “The dental sector has changed dramatically in recent years, and corporate businesses are now dominating the industry.
“The funding we provided has allowed Castle Court Dental to remain completely independent, while giving it the flexibility to grow.”