Specialist Dental Legal Services
The best way to ensure that matters progress efficiently is to instruct a specialist dental solicitor. At MediEstates, we have worked extensively to develop strong partnerships with selected law firms, all of whom have specialists in the field of dentistry. We cannot recommend strongly enough the value of using a solicitor with dental experience.
One of the most frequently asked questions from a vendor or buyer is ‘how long will it take to complete?’ Unfortunately there is not a definitive answer. It is very difficult to assess how long the legal stage will take in a practice sale or acquisition.
The length of time it will take to complete varies considerably from practice to practice, but in our experience, when solicitors with dental experience are used the process will take in the region of 3 – 5 months. With NHS practices, it is key to remember that notice will need to be served to the PCT by the exiting practitioner, and also by the incoming practitioner to their current principal. While this can happen as soon as an offer is received, most advisors will recommend giving notice on exchange, which will lengthen the process but will safeguard both the vendor and buyer’s interests.
Points Needed for Dental Solicitors
Other matters which may arise are the current complexities of the GDS and PDS contracts and also the various capitation schemes in operation, making it vitally important that the sale or purchase of a dental practice is conducted by a solicitor with experience and knowledge of the sector. MediEstates remain involved with the sale from conception to completion, liaising with the solicitors and all other professionals whilst constantly keeping the vendor up to date. Due to the close working relationship of MediEstates and the solicitors we work with, and the smooth process of our transactions, clients we recommend are given discounted fees. No fee is taken from a solicitor for these referrals.
MediEstates remain involved with the practice sale right through to completion, liaising with all professionals involved and will keep the vendor informed of progress every step of the way.
If you are contemplating buying or selling all or part of your practice give us a call. We are happy to have a no obligation chat with you, advise you on steps that you should take to prepare for the sale or purchase and explain what will be involved.
Due to the close working relationship, and the smooth process of the transaction, these solicitors’ offer discounted fees when recommended through MediEstates. No fee is taken from a solicitor for these referrals.