Maven Dental to Shut Up Shop

Well, not exactly. However, their decision to cease all current and future dental practice purchases in Australia, along with the disbanding of their acquisition team, on face value certainly appears to leave a rather large hole in the dental corporatisation market. Add to the mix the Smiles Inc fiasco, share price plunges and imminent court cases about to commence and that segment of the industry looks pretty bleak.

So is it all doom and gloom, spelling an end to corporatisation as we know it? Well, quite clearly not. Smiles Inc acquired many low profitable practices to gain its ASX listing and are now about to embark on a rather costly legal battle of egos. Maven Dental, a good group in our opinion, was often the conservative option for many principals seeking to sell their practices, citing mature back end processing and marketing over premium prices paid, as their major attraction.

In the ever-evolving World of dental corporatisation, new groups are forming and complementing existing ones, keeping appetite for profitable practices strong.

 

We at Dental Prac Sales have built strong relationships with all the larger buying groups, are currently reviewing new groups that are forming or expanding and are well placed to guide you through the maze of selling your dental practice.

So, what are you waiting for? Pick up the phone or email us now for a confidential discussion on how you can maximise the return on your dental practice sale.

Dental Prac Sales is a licenced business broking company, specialising in the sale of dental practices of all sizes. We bring a wealth of knowledge and expertise to the dental industry.

We provide you:

  • Independent advice on what groups or individual buyers will suit your future needs and will also pay a competitive price for your practice, under the terms you want
  • Unbiased opinion on groups in acquiring mode and those consolidating their current stock
  • Expertise that will give you a better offer on the table through us than you can achieve yourself
  • Advice on the best course of action to take in order to maximise your return

“Time and time again, using the services of Dental Prac Sales, to sell a dental practice, results in a far better outcome than a Principal can achieve on their own.”

Dental Prac Sales offers Dentists:

  • Expertise in the sale of dental practices
  • Complimentary assessment and appraisal on the value of your practice
  • Pre-sale practice improvement consultancy
  • Peace of mind and expert assistance, when managing the sale of your asset.

If you are looking at selling your practice now, soon, in the future, or want an assessment of your practice value, do not sign anything until you speak to us first. We sell to all the corporate groups in Australia as well as a large database of registered private buyers.

For a confidential discussion and to arrange a face to face meeting on how we can help you, contact Alex Barritt on 0401 975 316.

Email all enquiries to alex@dentalpracsales.com.au

Alex Barritt
Director / Sales Associate
www.dentalpracsales.com.au

PO Box 2345, Parramatta NSW 1750 Australia

T: 1800 118 991
E: editor@thedentalreview.com.au