ProPractices launch DentalGiving.Wales

ProPractices have developed DentalGiving.Wales which is our annual CSR initiative aimed at our strategic market – the Welsh Dental sector. We look forward to welcoming 250 members of the Dental community to The Hilton Hotel, Cardiff on 14th June to socialise, relax and fundraise for two important charities AP Cymru and Action for Children.

ProPractices – Dental Charity Dinner 2019
Friday 14th June, 2019. 7pm-12pm.
Hilton Hotel, Kingsway, Cardiff.

  • Black tie
  • Champagne reception
  • Three course a la carte dinner
  • Raffle prize
  • Memorabilia auction
  • Band and entertainment
  • Hosted by guest speaker and MC Dr Rick O’Shea
  • Arrive for 7pm, carriages at midnight

ProPractices advise on the sale of leading Dental business to the dynamic Portman Dental Group

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 advisors Hywel Loveluck and Owen Sennitt 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. Owen Sennitt, a Director of ProPractices commented that

ProPractices were delighted to be able to assist Debbie and Keith on their plans for Malpas and to introduce, Portman Healthcare Ltd. It was quickly clear to us that the two businesses were a logical fit.”

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 Principal Directors Owen Sennitt and Hywel Loveluck. ProPractices are a firm of professional advisors to the dental sector in Wales and the West.

Contact:

Owen Sennitt m 07831 605061 e: owen.sennitt@propractices.co.uk
Hywel Loveluck m 07899 998864 e: hywel.loveluck@propractices.co.uk

Sale of leading South Wales dental business

Sale of leading South Wales dental business 

Courtland Dental Centre Ltd, leading valleys dental business has been acquired for an undisclosed sum by United Dental, which is a fast growing and acquisitive dental business based in South Wales. Courtlands is a thriving dental practice based in Merthyr Tydfil and was established by Managing and Clinical Director Huw Jones over 20 years ago.

Said Huw Jones, of Courtland Dental Centre Ltd

“I am delighted that after 20 years that we are going to be able to move onto the next chapter of Courtland with the support and investment of United Dental. Both myself 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 leadership team at United Dental and, in particular, our advisors Hywel Loveluck and Owen Sennitt of ProPractices who have managed a seamless transaction on our behalf.”

United Dental is headquartered in South Wales and comprises of over 10 dental practices located across South Wales and Nottinghamshire. United Dental provides a full range of NHS and private dentistry services and is headed up by serial entrepreneur and dentist Dr Colin Hancock.

Said Colin Hancock, Chief Executive of United Dental

“We are delighted to have acquired Courtland Dental Centre Ltd and its professional team of clinicians, nurses and administrators – we also look forward to Huw Jones joining the clinical board at United Dental. Courtland is an excellent acquisition and complementary to our other practice in Merthyr. It is also strategically located in the South Wales Valleys, an area to which we are wholeheartedly committed to providing quality dental care.

The parties to the transaction were introduced by ProPractices Advisory Ltd, who managed the process on behalf of the vendor. Hywel Loveluck, a Director of ProPractices commented that

ProPractices were delighted to be able to assist Dr Jones in his plans for Courtlands and to introduce Colin Hancock and his business, United Dental. It was quickly clear to us that the two businesses were a logical fit.”

The legal process was managed by Rebecca Mansfield-Fellowes of Mansfield Fellowes Solicitors. ends.

Notes to the Editor:

ProPractices is a consulting firm specialising in transactions, valuation and advisory in the medical professions and technology sectors. Led by Principal Directors Owen Sennitt and Hywel Loveluck, ProPractices is one of the leading and most respected professional advisors in the dental sector in Wales and the West.

Contact:

Owen Sennitt m 07831 605061 e: owen.sennitt@propractices.co.uk
Hywel Loveluck m 07899 998864 e: hywel.loveluck@propractices.co.uk

Dental Directions -Strategic options for the Independent Dentist

Seminar Overview
The £9.6 billion UK Dental market is a sector presenting opportunities for growth both in the NHS and private dentistry context (Mintel 2016).

The sector is characterised by a fragmented market dominated by independent dental ownership with 90% of the UK’s 13,815 dental practices being owner-managed businesses.

The market benefits from an ageing population, increased dental health expectations and the increasing public understanding of the importance of good dental hygiene. In terms of market opportunity 40% of the UK population do not visit the dentist on a regular basis and a proportion have never visited a dentist.

As the UK economy has strengthened, the sector has observed an increasing demand for high-value cosmetic dentistry e.g. dental implants, facial aesthetics, tooth whitening, etc.

Who should attend the seminar?

  • Practice owners wishing to expand
  • Practice owners wishing to sell or to succession plan
  • Practice owners wanting to be more profitable
  • Associate Dentists/ Dentists wishing to buy and invest into a practice.

Book your free place at www.dental-directions.co.uk

New Directions – strategic options for Independent Vets

Seminars in various locations during January 2018 – February 2018

Over the last 3 years, the UK Veterinary market has witnessed a period of unprecedented change with the arrival of a handful of private equity backed corporates pursuing a strategy of consolidation.

Consequently the whole dynamic around succession, buying and selling of practices has significantly changed presenting options to the independent Vet sector

Independent Vet businesses face a number of fundamental choices:

  • Do they grow their business?
  • How do they grow – organically or by merger & acquisition?
  • Is it the right time to sell the practice? If so what are the options and processes?
  • How do you improve the profitability & efficiency of your existing business?
  • How do we fund these various strategic options as well as managing the accompanying risks?

The purpose of this seminar series is to examine the strategic options available to Vet owners and understand the respective implications. For your benefit, we will have experts in corporate finance, contract law and practice funding addressing the seminar.

Who is it aimed at?

  • Practice owners wishing to expand
  • Practice owners wishing to sell or to succession plan
  • Practice owners who wish to become more profitable & efficient
  • Associates/ Junior Vets wishing to buy into a practice

Book your free place at www.vets-newdirections.co.uk

ProPractices News – Sale of leading Cardiff veterinary business

Cuminesvets, the busy and successful vet practice in Llandaff North Cardiff, has recently been sold for an undisclosed sum to Medivet; one the UK’s fastest growing Vet groups. The competitive process was managed by specialist transaction advisors ProPractices, led by Principal Directors Owen Sennitt and Hywel Loveluck.

Cuminesvets Ltd was established by Australian Steve Cumines over 25 years ago. Steve, who lives in Whitchurch, Cardiff will continue to work at the practice for a transitionary period and said’

“I am extremely grateful to Owen and Hywel at ProPractices for managing an impeccable and competitive sales process and for helping us become part of the Medivet family. The transition for our valued staff and myself to Medivet has been seamless and pain free.”

Said Arnold Levy, Chief Executive of Medivet,

“We are delighted to add such a strong practice as Cumines to the Medivet family. Steve has established and developed a fantastic business with an excellent team of people to whom we are very committed. This is a great practice for us in Wales and complements our other practice up the A470 – Ash’s of Merthyr Tydfil.

Says Owen Sennitt of ProPractices

“This was a great deal to be a part of and a pleasure to work with Steve who is a talented business man. The UK Veterinary has seen significant changeover the last few years with the arrival of a number corporate consolidators. Medivet, is a privately-owned company led by Arnold, they are great to deal with and we look forward to seeing the practice in Llandaff North going from strength to strength”.

ends.

Notes to the Editor:

ProPractices is a consulting firm specialising in transactions, valuation and advisory in the medical professions and technology sectors.

Led by Principal Directors Owen Sennitt and Hywel Loveluck, ProPractices is one of the leading and most respected professional advisors in the UK Veterinary sector.

 

NHS England streams extra £16m into GP pharmacists scheme

NHS England is to more than double its funding for a pilot scheme placing pharmacists in GP practice teams, now streaming a total of £31 million into the programme. Under the plans, the number of pharmacist posts in the pilot will be increasing from 250 to 403, giving more than seven million patients access to expert advice from a clinical
pharmacist when they visit their GP.

Pharmacists will be able to consult with and treat patients directly, which should help release some of the pressure on GPs by trimming their casework and allowing them to employ their skills where they are most needed.

PharmaTimes Digital, 17 November 2015

Boots’s market-based pay award sees pharmacists’ salaries rise by maximum 1.5%

Pharmacists who work for Boots will have a small pay rise or will have their pay frozen under a new system that measures salaries against UK competitors. Boots pharmacists’ pay has either been frozen or has risen by a maximum 1.5% under the company’s new pay review system.

Pay rises for Boots pharmacists are determined by comparing their current salary with the median of salaries paid by the company’s UK competitors. Pharmacists who work at Boots will have a maximum salary increase of 1.5% under the company’s new pay review system.

The pay award — which is non-negotiable and applies from 1 November 2015 — has for the first time been based on an external market median of the salaries paid by the company’s UK competitors.

The pay awards of between 0% and 1.5% apply to newly qualified pharmacists, level 1 pharmacists and advanced practitioners. Under the new system, each pharmacist’s pay rise is calculated by comparing their current salary with the median. Pharmacists who are in the 80–100% range of their salary median could expect to see a higher increase in their salaries of around 2–4%, but if they sit between 100–120% of the median, the pay rise could be lower at around 0–2%.

The 2015 pay award was influenced by an “unstable salary market” and a “dramatically” changing pharmacy workforce, according to a letter sent to Boots’ pharmacists by Kevin Birch, the company’s retail pharmacy operations director. “We’ve looked at our market data and can see that our market rate is out of step with other salaries in the marketplace,” he wrote.

Boots confirmed in a statement that none of its pharmacists will have their pay cut under the new system. “In fact, most have seen annual increases for the past few years, including two increases this year,” the company said. “However, the average salary for pharmacists is based on the market, and current conditions mean the market rate has fallen slightly; we aim to pay pharmacists between 80% and 120% of the market rate, and this gives line managers flexibility to do what is right for the people working for them.”

The market rate used by Boots to determine salaries is based on its survey of what its competitors are paying their staff. Geography and other factors — including individual performance — are also taken into account before individual pay awards are set. Those pharmacists who are performing well could be awarded a rise above their median market rate at the discretion of their line manager.

The Pharmacists’ Defence Association (PDA) Union, which represents around 2,500 Boots pharmacists, says it has been contacted by members who are unhappy with their pay rise.

Mark Pitt, the PDA Union’s assistant general secretary, is advising members to log an employee grievance if they are disappointed with their individual award.

The PDA Union is involved in an ongoing legal dispute with Boots over being allowed to negotiate terms and conditions for Boots pharmacists.

Citation: The Pharmaceutical Journal, PJ December 2015 online