Dental centre all smiles with investment for second site
A Birmingham dental centre has expanded with the purchase of a second site which it plans to renovate and extend this year.
Acorn Dental, which was established in Moseley more than 50 years ago, bought its second practice in Barnt Green with the backing of a £700,000 funding package from Lloyds Bank.
The Barnt Green dental centre on Hewell Road has two patient rooms and will enable the business to service a total of 10,000 patients, including 3,000 patients at Barnt Green.
The funding from Lloyds Bank has also enabled Dr Dipesh Parmar to buy into the Acorn Dental Group and the practice is now owned by Dipesh alongside his brother Dr Manoj Parmar.
Acorn Dental will hire an additional six members of staff to work in its Barnt Green branch. It has also revealed plans to renovate and extend the practice to double its current capacity over the next 18 months.
The family-run practice specialises in cosmetic work including teeth whitening, implants, crowns and orthodontic treatment.
Dipesh Parmar, dentist and shareholder at Acorn Dental, said: “We’ve experienced steady growth over the past five years. This is largely due to word of mouth, with people coming to us following recommendations from family and friends. We’re expanding to a second practice to meet this demand.
“It’s been an ambition of mine for several years to buy into the family dentist business and with the expansion, now seemed like the perfect time. Thanks to the funding and support from Lloyds Bank, the entire transaction has been seamless. The relationship managers are always approachable and efficient, with a solid understanding of the healthcare sector.”
Andrew Matthews, healthcare relationship manager at Lloyds Bank said: “Dr Dipesh Parmar and the team at Acorn Dental are committed to making the practice a centre of excellence. The new site in Barnt Green is just 10 miles from the Moseley practice, enabling the business to serve more customers.
“As part of our commitment to helping Britain prosper, we’ve worked closely by the side of the Parmars since they first purchased the dental practice in 2000, and so it’s rewarding to see this family business succeeding and expanding in line with demand.”