Dentistry provider opens wide for deal to acquire two more practices
Alex Jones Dentistry, a group of two private dental practices in South Yorkshire, has been sold for an undisclosed price.
The deal was brokered by specialist business property adviser, Christie & Co.
The group comprises a pair of independently owned private dental clinics with four surgeries. Its practices are located seven miles apart in prominent positions in Barnsley and Penistone.
Dr Alex Jones established the business in 2004 and it was recently brought to market as he approaches retirement.
Alex Jones Dentistry has now partnered with Dentex, which will take the business forward with Jones remaining on as a partner for the foreseeable future.
Jones said: “I acquired the Penistone site in 2004 as a single surgery, NHS practice. I knew NHS dentistry did not align with my vision of the service I wished to provide so immediately converted it to a private practice.
“The Barnsley site – which has now moved) – was, again, a single surgery recently converted entirely plan based practice where I saw an opportunity for expansion. Both sites now have two surgeries with a third being fitted in Barnsley now.
“It was important to me who I partnered with to continue this process, and I believe Dentex are the right people to help me achieve my future aspirations for the business.”
Harriet Mordecai, acquisitions associate at Dentex, said: “It is always a pleasure to welcome practice teams who share Dentex’s passion for clinical excellence into our community, such as those at Alex Jones Dentistry.
“We are looking forward to building on the excellent foundations and established reputation that Alex has built across South Yorkshire and further supporting the practices’ growth ambitions.
“We have already pursued the opportunity to expand the Barnsley site, with the addition of another surgery, in a bid to keep up with patient demand.
“Dentex now has 138 dental practices across the UK, and we would like to thank Christies & Co for their continued support.”
Jonathan Watson, director at Christie & Co who handled the sale, added “Alex, who is one of the most respected clinicians across the region, was a real pleasure to work with.
“The demand we received for the group, particularly from corporate operators, was fierce and quite typical of the market for larger private practices.
“Despite the challenges many operators are facing at present, the practice sales market is hugely buoyant.”
Legal advice for Dr Jones was provided by Capsticks LLP, and Weightmans LLP acted for Dentex.
