Selling your practice?

Portman Dentalcare offers a fresh approach to acquisition. It’s the fastest growing dental group in the UK but it’s not a not a corporate, not in the sense it has come to represent.

As a group we draw on the advice and experience of the highly experienced dentists who work with us. This allows us to provide the highest quality of private dental care in modern, well equipped and well run practices.

These practices are managed locally and supported by a central office team, removing the administrative burden from the dental team while maintaining continuity in patient care. To ensure continuity of patient care, we only buy practices where the Principal is looking to continue to provide dental care.

We don’t have a rigid acquisition structure because each acquisition is as individual as the practice. We tailor an agreement based on how much or little involvement you want in the future and the requirements of the practice. Then, through investing in the team, we help optimise the performance of the practice, and grow the goodwill value.

Watch these short videos from Philip Pettemerides of Edgar Buildings Dental Care in Bath and Pearse Stinson of Beechview Dental Practice, Belfast, to find out why we are a dental group you can believe in:

Testimonials:

Andy LaneGary was instrumental in successfully integrating our dental practice, Apollonia House in Saddleworth, into the Portman Healthcare family. I don’t think it would have happened without his enthusiasm, approachability and common sense. Contract negotiations are always difficult, but whenever the solicitors appeared to reach an impasse Gary was always ready to step in and bang heads together and keep things moving forward. Portman Healthcare is a great company to belong to, but it has only become such a company through the efforts of its directors and team, all of whom seem to have the same attributes as Gary of being efficient, approachable and good company, from the CEO down. – Andy Lane, Associate Dentist Apollonia House Dental and Health Care

 

Francois RossouwJust thought we would write this email to you to let you all know what I fantastic job you all do at Portman.  I speak on behalf of all the staff at Brickstables.It’s been 6 months since we became part of the Portmanite family and it’s been a fantastic experience.  Although we were all apprehensive at the beginning we feel it’s a privilege to work with you.  Changes are always a scary thought but on this occasion it’s been a very positive life changing move.More than this, it is reassuring to have the support of you all.  It is a pleasure and a honour to work for a company who has a first class  professional ethos.  We all appreciate your personal touch and that you listen to our needs and views.You can be assured you have our loyalty and commitment to continue achieving 100%.There is so much more we would like to write but it will be too long, please feel free to give my number to any new practices joining Portman and I will be happy to speak to them.  There are a lot of people to thank for making us feel so welcome and we at Brickstables Dental Practice THANK YOU ALL!!!Kind RegardsThe Team at Brickstables

 

Robert Anderson

I have enjoyed my clinical dentistry more than ever since selling my practice to Portman Healthcare two years ago.  The whole burden of compliance, employment and management have been lifted from my shoulders leaving me free to enjoy treating patients which is what I enjoy the best.  Portman are an excellent company and give me full clinical freedom, I enjoy meeting other dentists in the Portman group when we exchange ideas and experiences.  It is also great to enjoy dentistry without any financial worries.  Selling to Portman is the best decision I could have made.

Robert Anderson, Bath Dental Excellence

Best of luck with expanding Portman in the future, it’s a great company to work for! – Rachel Wilson, BDS MFDS RCS Ed MSc Morth RCS Eng

Tom Daly

I sold my practice six months ago to a small Corporate – Portman Healthcare.

The sale took approximately five months. Due diligence was tough- but I see why. In the same circumstances I would have done the same. If you are buying you need to see that the headlines match the details.
The new owners had wished that I stay on for the next four years and I’m very happy to do so. (They were only interested if I did stay on). I’m still enjoying dentistry- especially with the new technologies available. Some very minor niggles in our relationship- all sorted out as quickly as possible – but overall this exit strategy for me has been smoother than I expected. (I can’t say all Corporates would be the same).

I look forward to each day at work (As I had done before the sale) but with less day to day stress. .
All I would say is – if you plan to continue working with the new owners do YOUR due diligence too. And find someone with the same ethos as you have.

My solicitor was Russell Abrahams. And the advice and service was excellent. Not cheap – but you get what you pay for.

What is the reality of the Portman model?

We’ve found in our practices that this innovative approach to acquisitions has been a really effective way of allowing principals to:

  • Secure their exit route and percentage of goodwill while continuing to benefit from the growth of the practice.
  • Continue to have input into their practice but with less responsibility and financial risk (and with the support of a professional management team).
  • Reduce the administrative burden of staff and accounting so the principals not only have more time outside of dentistry but also more time for the actual dentistry with the result that the practice grows significantly.

The Portman family is growing through selectively acquiring practices where the dentists and the practice philosophy compliments our vision and values.

Download more information

Portman Dental Acquisitions FAQs

For more information please contact:

Gary Chapman: gec@portmanhealthcare.co.uk  tel: 07966 698 130