Newport dentist is snapped up by leading UK healthcare group
ANewport dental business has been acquired for an undisclosed sum by Portman Healthcare.
Malpas Dental Practice had been previously been acquired by husband-and-wife team Keith and Debbie Morgan over 10 years ago.
Mr Morgan said: “I am delighted that, after 10 years, we are going to be able to move on to the next chapter for Malpas, with the support and investment of Portman Healthcare.
“Both myself, Debbie and my excellent team look forward to continuing to provide for our patients.
“It has been a seamless process and I am particularly grateful to the leadership team at Portman Healthcare, and in particular our advisors Hywel Loveluck and Owen Sennitt of ProPractices, who have managed the transaction process on our behalf.”
Portman Healthcare was founded in 2009 by chief executive Sam Waley-Cohen and is the fastestgrowing privately led dental group in the UK.
The group operates over 80 practices across the UK and has built a market-leading reputation for modern facilities, patient-friendly appointments, caring staff and the highest clinical standards.
Gary Chapman, head of acquisitions at Portman Healthcare, said: “We are delighted that Malpas Dental and its professional team of clinicians, nurses and administrators has joined our family of practices.
“It’s been a pleasure working with ProPractices on the process and we are looking forward to working with Keith, Debbie and the rest of the team.
“Malpas is an excellent practice and is complementary to our other practices in Wales.”
The parties to the transaction were introduced by ProPractices Advisory Ltd, who managed the process on behalf of the vendor.
Mr Sennitt, director with ProPractices, said: “ProPractices were pleased to be able to assist Debbie and Keith on their plans for Malpas and to introduce Portman Healthcare.
“It was quickly clear to us that the two businesses were a logical fit.”
The legal advisors on behalf of the vendors were Greg Williams, Christy Welsh and Chris Doherty of Hugh James. On behalf of Portman they Jon Lawley, Madelaine Chapman and Anisha Patel of Acuity Legal.