Colosseum Dental UK acquires well-established practice in Hertfordshire through Christie & Co
Specialist business property adviser, Christie & Co, has announced the sale of a well-established dental practice in Chorleywood, Hertfordshire, to expanding dental group, Colosseum Dental UK.
The business is a three-surgery private dental practice also offering endodontics, implants, periodontics, oral surgery and orthodontics. It sits in a detached three-storey property which has been fitted out to a very high standard, with no capital expenditure required as the Principal invested heavily in the building throughout the years.
The previous owner, who acquired the business in 2002 and has since built it into an established primarily private practice, will remain on at the practice and looks forward to focussing on clinical work.
The business has been purchased by Colosseum Dental UK, a well-established dental group which owns over 70 practices across the UK. It is part of Europe’s most rapidly growing dental company, Colosseum Dental Group, and is considered a leader in the provision of dental services.
Speaking on behalf of the company, Mr Kenny Valentine comments, “This acquisition is a fantastic addition to Colosseum Dental UK’s expanding portfolio and further establishes our presence in the private dental sector.
“This is Colosseum’s first deal with Christie & Co, and we couldn’t be happier with our acquisition. We look forward to working together and welcoming an experienced and highly regarded practice team into our dental group.”
Oliver Brown, associate director at Christie & Co, who handled the sale, comments, “Demand for dental practices is particularly high at the moment, as corporate groups are back to ambitious acquisition plans and independent Associates seek to secure their income through ownership. I’m very happy to see that our close relationship with acquisitive groups looking nationwide has again delivered the kind of deal our client was looking for. I wish both parties all the best for their continued success.”