Malpas Dental Practice Ltd, a leading Newport dental business has been acquired for an undisclosed sum by Portman Healthcare. Malpas is a thriving dental practice based on the M4 corridor and was acquired by husband and wife team, Keith and Debbie Morgan, over 10 years ago. Over that period of time they have grown an impressive practice undertaking both NHS and private dentistry utilising a unique business model
Said Keith Morgan, of Malpas Dental Practice Ltd
“I am delighted that after 10 years that we are going to be able to move onto the next chapter for Malpas with the support and investment of Portman Healthcare Ltd. Both myself, Debbie and my excellent team look forward to continuing to provide our patients with outstanding clinical care and service. It has been a seamless process and I am particularly grateful to the leadership team at Portman Healthcare and, in particular, our advisor Hywel Loveluck of ProPractices who have managed the transaction process on our behalf.”
Portman Healthcare Ltd was founded in 2009 by CEO Sam Waley-Cohen and is the fastest growing privately led dental group in the UK. The group operates over 80 practices across the UK, and has built a market leading reputation for modern facilities, patient friendly appointments, caring staff and the highest clinical standards.
Said Gary Chapman, Head of Acquisitions at Portman Healthcare Ltd
“We are delighted that Malpas Dental and its professional team of clinicians, nurses and administrators has joined our family of practices. It’s been a pleasure working with ProPractices on the process and we are looking forward to working with Keith, Debbie and the rest of the team. Malpas is an excellent practice and is complementary to our other practices in Wales.
The parties to the transaction were introduced by ProPractices Advisory Ltd, who managed the process on behalf of the vendor.
The legal advisors on behalf of the vendors were Greg Williams, Christy Welsh and Chris Doherty of Hugh James and on behalf of Portman Jon Lawley, Madeleine Chapman and Anisha Patel of Acuity Legal.
Notes to the Editor:
ProPractices is a consulting firm specialising in transactions, valuation and advisory in the medical professions and technology sectors. Led by Hywel Loveluck. ProPractices are a firm of professional advisors to the dental sector in Wales and the West.
Contact:
Hywel Loveluck m 07899 998864 e: hywel.loveluck@propractices.co.uk