Independent dental group celebrate latest practice purchase
Devonshire House, the specialist dental referral practice in Cambridge, has become the latest acquisition for Riverdale Healthcare, a growing independent dental group.
With 12 surgeries and 14 specialist dentists, Devonshire House supports more than 200 referring practices. As well as providing family dentistry for its own patients. Advanced techniques and equipment allow the team at Devonshire House to be at the forefront of clinical dentistry, using the latest technologies to provide the highest level of care.
Julian Martin of a former partner and now clinical director at Devonshire House. He said: ‘I am delighted that we are aligning ourselves with Riverdale. They share the long-established mission of the whole Devonshire House team to continue to develop the practice in exciting and rewarding ways.
We will continue to support our network of referring dentists as comprehensively as before, with the aim of enhancing expertise for everyone. We are looking forward to welcoming our colleagues back to Devonshire House when the pandemic allows.’
A key focus for Devonshire House is providing state of the art learning, with regular hands-on training and mentoring opportunities. These are delivered by both the in-house team and external partners for dentists, hygienists and dental nurses.
The practice’s own onsite dental laboratory employs eight technicians. It is fully equipped for digital dentistry with design, milling and 3D printing capabilities.
The lab offers a full-service supporting implant dentistry from provisional design; through scanning and surgical guides, to finished units and sophisticated full arch bridges.
Emma Barnes, CEO of Riverdale Healthcare, who is personally managing the integration announced: ‘We are thrilled to have Devonshire House recognise the synergy of our ethos and values with their own.
‘This is a really exciting acquisition. We are delighted that the partners, who were courted by other dental groups, have chosen Riverdale to support the practice team.
‘We are on an exciting journey at Riverdale. With the addition of Devonshire House, we are charged for a year of opportunity and positivity.’
The deal was backed by healthcare investors Apposite Capital and managed by Pinsent Masons. It sees the group now stand at a total of 27 practices. Chief investment officer, Chris Aylward added: ‘We have established a fantastic team with Pinsent Masons and Hazelwoods Accountants. This has streamlined the process.
‘Currently, we are actively speaking with dental practice owners who want to learn more about Riverdale Healthcare and how we can support their exit strategy.’
MediEstates have had a close working relationship with Devonshire House for a few years and when the time was right to make the decision to sell the business MediEstates understood the intricacies of this large and successful practice. Dean Barker worked with the practice Directors to understand their business and their post-sale requirements, enabling him to attract the right buyers for the practice requirements.
MediEstates work with buyers across the whole of the dental sector, and for a practice as desirable as Devonshire House, there was no shortage of interest. Once the perfect buying partner was agreed, Dean and the MediEstates team worked closely with Riverdale Healthcare to ensure a smooth acquisition process and the best possible outcome for both parties. The process took a total of 3.5 months and MediEstates extends their congratulations to both Riverdale Healthcare and Devonshire House.
If you are thinking of selling your practice, and would like expert advice contact MediEstates who will create a successful outcome for your future.