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MediEstates - Delivering maximum value and success
Delivering maximum value & success

Delivering Maximum Value & Success

 

We will guide you through the process of selling your dental practice and ensure it's as smooth and comfortable as possible for you. We have extensive experience that can make all the difference in a successful practice acquisition.

 

Marketed to interested parties

Multiple interest will drive a competitive environment and put you in a position of strength. It is important to keep all potential buyers engaged in the process.

Dental Buyer viewings

Once we have delivered a number of interested parties to you, the offer and acceptance process starts to take place. We will maintain control over this ‘bidding stage’ and ensure that a position of strength is preserved throughout these negotiations to drive value and leverage offers to their optimum level. This gives you the opportunity to choose your preferred exit strategy, in terms of acquirer ‘fit’, deal structure and value.

Outline / indicative offers
Once you have met the potential dental buyer, we will gather and review outline offers in order to understand their view on the value of your dental practice. This will help determine which is the best strategy to handle each particular bidder.

Competitive negotiation
We will help you ensure that the buyer of your dental practice understands the value drivers that made your practice successful and relates those to the buyer's goals. This will allow us to run an effective bidding process, create competitive tension and ensure that your dental practice gets a good offer.

Selecting bidders
We will help you ensure that the buyer of your dental practice understands the value drivers that made your practice successful and relates those to the buyer's goals. This will allow us to run an effective bidding process, create competitive tension and ensure that your dental practice gets a good offer..

Heads of terms / Deposit Agreement
We play an active role in structuring the Heads of Terms and liaising with legal representatives on both sides of the deal. We will add value to the deal by ensuring that the terms are structured and worded to maximise your position. We shall organise that the dental buyer places a holding deposit with MediEstates to secure the deal on your behalf and as an act of security and commitment. .

Due diligence and CQC
We will help you stay on top of the due diligence process by providing you and the buyer with up-to-date and detailed information. This will keep things moving smoothly and avoid any potential bottle necks. We'll also guide you through the CQC process.

Legal process and completion
We will work with your current legal advisers, or through one of our specialist dental solicitor partners, to ensure the smooth conclusion of a dental practice acquisition by helping to create an agreement between the parties involved.

General Buyer Terms 

This agreement is in relation to MediEstates Limited whose registered office is at 1st Floor, Pacific House, Stanier Way, Wyvern Business Park, Derby, DE21 6BF acting for and on behalf of our clients ("the Vendors"); and yourself (Buyer's Name) in relation for an introduction to a prospective sale of a business as a going concern. By registering through this agreement I agree to all terms set out below:

  1. Definitions
    In this Agreement the following terms and phrases shall have the following meaning unless the context otherwise requires:

    Business
    Dental Practice business providing dental care. This business is under the MediEstates Ltd sale terms.
    Confidential Information
    Means the actual Vendors identity and all confidential information in respect of the Business, including, but not limited to, any ideas, business methods, prices, accounts, finance, marketing, research, development, manpower plans, processes, market opportunities, intentions, design rights, product information, customer lists or details, employees’ details, trade secrets, computer systems and software, and other matters connected with the products or services manufactured, marketed, provided or obtained by the Vendor, and information concerning the Vendor’s relationships with actual or potential clients or customers and the needs and requirements of such clients’ or customers’ operations.
  2. Obligation of Confidentiality
    The Prospective Purchaser agrees to treat as confidential, information supplied by or on behalf of the Vendor in connection with the sale of the Business.
  3. Exclusions
    The obligation of confidentiality set out in clause 2 does not apply to:
    1. any information received from a third party who was legally free at the time of disclosure to disclose it;
    2. any information which was already lawfully in the Prospective Purchaser’s possession prior to receiving it from MediEstates Ltd on behalf of the Vendor; and
    3. any information which is in its entirety already in the public domain.
  4. Duties of Prospective Purchaser
    1. The Prospective Purchaser shall take such a reasonable security measures to protect the Confidential Information and trade secrets.
    2. The Prospective Purchaser shall not, without the prior written consent of the Vendor, permit any of the Confidential Information:
      1. to be disclosed, other than in confidence to its legal or professional advisors;
      2. to be copied or reproduced;
      3. to be commercially exploited in any way;
      4. to be used for any purpose other than in connection with the prospective purchase of the Business;
      5. MediEstates is registered under the Data Protection Act 2018. Upon Signing this agreement you agree to follow the legal obligations of this act to protect the details of the information supplied to you, with it no to be passed outside of the control of you the prospective purchaser.
    3. The Prospective Purchaser agrees to keep a record of Confidential Information received.
    4. The Prospective Purchaser will return to MediEstates or the Vendor all documents containing Confidential Information and all copies of those documents on demand at any time which are in its possession or under its control, and for this purpose the term “documents” includes computer discs and all other materials capable of storing data and information. The Prospective Purchaser agrees that such documents remain the property of the MediEstates on behalf of the Vendor.
    5. The Prospective Purchaser must not jeopardise or re-direct the sale under any circumstances.
    6. The Prospective Purchaser must not contact the Local Area Team or CCG regarding any practice sale, by any means of media unless written permission is granted from the Vendor.
    7. To carry out own due diligence on practice purchases and accepts that any information MediEstates has supplied is information provided by the vendor and is not responsible for its accuracy or completeness.
  5. This Agreement
    The existence of this Agreement and its terms are confidential and neither MediEstates nor the Purchaser may disclose anything about this Agreement or its subject matter or implementation to any person other than in confidence to their legal or professional advisers.
  6. Duties of Prospective Purchaser
    When buying Dental practices, finance is normally needed. Our organisation operated over more than one of the MediHoldings brand, by completing this from you agree that the information can be shared to our other organisations to avoid the need to register independently and provide the best possible service.

    MediEstates will refer you to the specialist dental lending team and MediFinancial who will contact the necessary banks, whom have preferential healthcare lending rates in some cases, to ascertain which funding is available to you.
    By signing this agreement you do not have to use any of the banks MediFinancial contact, it is just another service which we provide.
  7. Deposit for Dental Practice
    If you are interested in putting forward a formal offer in for a practice, once the offer is accepted there will be a deposit required to secure the practice sale which is dependant of the practice size. This deposit is held in a client account and will be returned to the buyer on completion of the practice sale. You the buyer, will be required to sign a deposit schedule which will cover the buyer and the seller in the event that the practice sale does not proceed.
  8. Changes to this Agreement
    Any changes made to this agreement must be authorised and signed by one of MediEstates Ltd Directors.
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