Buying, Acquiring or Merging Practices
Whether you want to buy or acquire a new practice, or merge two practices together, you need to know that what you’re doing is a viable long-term option for you.
At DentAcc, we work alongside you to help you consider:
- Will the step you’re taking be profitable?
- Do you have the time and resources to make this acquisition a success?
- How would your new practice be structured?
- Will you be able to obtain the finance required to purchase the practice?
We can support you no matter what type of practice you’re looking to acquire. If you need help accessing finance for this expansion, then we can help with that, too.
Ensuring a smooth takeover
DentAcc can carry out a range of services on your behalf to ensure a smooth takeover.
This may include:
- Due diligence to ensure there are no hidden pitfalls
- Obtaining tax warranties from the seller
- Buying the shares of a vendor company
- Buying the assets and goodwill
- Hive-up of assets acquired to your existing practice
- Restructuring of the newly acquired practice
- Reviewing the sale agreement
If you’re acquiring a practice that’s already incorporated, we can advise on arrangements for acquisition of shares. If you’re buying assets and goodwill, we’ll consider how this will be incorporated into your existing business.
Settling into your new circumstances
Once you’ve acquired a new practice, we can carry on supporting you. DentAcc can help you with the day-to-day accounts for your practice, including:
- Payroll
- Accounting and bookkeeping
- Pension and support services
- Business support and advice as required
That way, you can focus on what matters – giving your patients an incredible service.
If you want help with buying, acquiring or merging your practice, then get in touch. Call 03330 067876 or email enquiries@dentacc.co.uk