Advice on Buying a Dental Practice
Buying a dental practice can seem like a daunting process. Whether you are doing so for the first time or looking to add a practice to your pre-existing portfolio, our solicitors can offer the legal support you need to make sure your prospective purchase is the right one for you. We specialise entirely in providing legal assistance to dental practitioners – this means you can be confident that the advice you receive will be clear, relevant and of the highest quality.
Experts in due diligence
It is vital that, before committing to a purchase, that thorough due diligence is carried out so that you have a clear and comprehensive picture regarding the practice that you are considering buying. Due diligence is essentially a fact-finding process and should be carried out in relation to the commercial aspects of the practice, as well as the property from which you will operate. We can support you in submitting detailed and relevant enquiries to gather information on practice accounts, patients, employees and assets.
We can review essential documents relating to the operation of the practice, for example ensuring that appropriate insurance is in place, and identify any issues or gaps that may need to be addressed if you decide to proceed. It is vital to take a proactive, forensic approach at this stage to prevent problems emerging in the future – the onus is on the buyer to raise questions at this stage, with no obligation on the seller to flag up potential issues.
Guidance and support on CQC applications
Completing CQC applications can be confusing and time-consuming. If you don't manage to get your application submitted accurately, and in good time this may result in your purchase being delayed, which can create frustration and be financially damaging. Our solicitors have been guiding clients through this process for many years. We are available to walk you through each step, ensuring that all required forms are completed accurately and sent off at the right time to avoid unnecessary delays.
Transferring NHS contracts
GDS contracts and PDS agreements are treated differently when it comes to their transfer as part of a practice purchase. Transferring a PDS agreement can be particularly challenging as consent from NHS England must be sought and EU procurement laws must be satisfied. Our lawyers will oversee this process to make sure that your transaction is completed as smoothly as possible by advising on the steps that must be taken to satisfy all legal requirements.
Contact our Dental Practice Brokerage Solicitors
From arranging valuations and preparing reports to drafting and reviewing contracts of sale, the service we provide is comprehensive. We have been advising clients in the dental sector for many years from our offices in Liverpool, Leeds and London. Whatever your circumstances and wherever you are based, Goodman Grant is the perfect choice to help you ensure that your purchase is completed as swiftly and smoothly as possible.