Specialist business property adviser, Christie & Co, has announced the sale of a renowned dual-practice dental group in Wakefield, West Yorkshire: St Michael’s Dental Practice and St Michael’s Orthodontics Ltd.
The practices – which comprise a total of nine surgeries – uniquely house an NHS dental practice on the ground floor and a state-of-the-art orthodontic clinic on the first floor.
Their previous owners, Dr Joe Hendron and Dr Catherine McCanny, acquired St Michael’s Dental Practice in 1992, when it was a small two-surgery practice and relocated into the current building in 1997, which was purpose-built to an exceptional standard.
St Michael’s Orthodontics Ltd was established in 2010; over this time, the pair have built up their respective practices, turning them into the reputable, award-winning group they are today.
Joe and Catherine recently decided to sell to retire from the sector and, following a confidential sales process with Christie & Co, the practices have been purchased by Portman Dental Care which now owns over 200 practices across the UK.
Dr Joe Hendron and Dr Catherine McCanny comment, “We decided to sell as we are both coming to an age where we want to retire. We have sold to a company that we hope will retain the legacy of putting patients’ interests at the heart of everything we do. St Michael’s Orthodontics Ltd lost its NHS orthodontic contract, so we plan for expansion and development of the private orthodontic market, especially the teen market. There is also the hope that there will be growth in the private side of the dental practice with more patients signing up to private plans. We would like to extend our thanks to Olivia and Jonathan at Christie & Co who, with their many years of experience in selling dental practices, supported us well throughout the process and most importantly at the point of sale.”
Olivia Allison, Senior Business Agent – Dental at Christie & Co, who handled the sale, comments, “Despite operational challenges in the market, it is showing remarkable resilience and there remains significant demand for well-established practices such as this across Yorkshire and the North East. Joe and Catherine created an amazing business over the years, and one which we are sure will continue to succeed. We wish everyone involved all the best.”
St Michael’s Dental Practice and St Michael’s Orthodontics Ltd were sold for an undisclosed price.