Due Diligence
You need access to the right information about a dental practice before you buy it – and so do others, if they are buying from you.
That’s why, whether you’re buying a new practice or selling an existing one, due diligence is crucial. By carrying out due diligence, the buyer is always reassured that they’re making the right decision.
DentAcc has extensive experience of carrying out due diligence to ensure that everything is thought of in advance of an acquisition or sale.
That way, whether you’re buying or selling a practice, your transaction will go smoothly – and there won’t be any hidden surprises.
Gather all the facts before purchase
When buying a new practice, you need to have all necessary information available to you. That way, there won’t be any sudden surprises once you’ve acquired the practice.
To help you do this we will, amongst other things:
- Request a complete list of the practice’s inventory
- Inspect certificates for technical dental equipment
- Ensure that everything is regulatory-compliant
- Obtain a copy of the NHS contract (where necessary)
- Look at all necessary statements, reports & contracts
- Obtain accounts and tax returns of the target practice
DentAcc will then help you to consider the results of these findings, including:
- Proposed Return on Investment
- Value the acquisition and compare this to the acquisition price
- The practice’s UDA performance
- How you will structure your business post-acquisition
- Management of staff contracts
- Demographics of the practice’s area
- Financial sustainability of the new practice
By understanding the strengths and weaknesses of the practice you’re buying, you can feel assured that you’re making the right choice.
Ensure a smooth sale of your practice
If you’re looking to sell your practice, DentAcc works with you to:
- Gather all necessary information to put a sale pack together
- Include in the sale pack a list of assets to be sold
- Examine your financial records to ensure that the sale will be attractive to a prospective buyer
- Make sure that all buyer queries are answered
- Identify areas for you to improve prior to sale to make the sale more attractive
- Deal with independent valuers queries to ensure the maximum value is achieved
- Provide appropriate tax advice on the best steps forward
By doing all of these things, you will achieve the maximum value for your practice and the sale will proceed smoothly without significant delays.
Reduce your stress and speed up the process
When you’re busy running a dental practice, you don’t need the added stress of completing due diligence. You may not have the time to be directly involved in completing this process yourself.
That’s where DentAcc comes in.
Our specialist team will use our combined decades of experience to guide you through the due diligence process. We will use our expertise to:
- Guide you through the process
- Reduce your stress
- Save you time
- Regularly communicate with you throughout
- Reassure you that you’re making the right choice
- Maximise value to you
So, if you’re selling your practice or looking to acquire a new one, we can help.
Call 03330 067876 or email enquiries@dentacc.co.uk