DON’T JUST TAKE OUR WORD FOR IT…
Read what our happy sellers have to say…
When you have made the big decision to sell your practice you want know what people who were once in a similar situation to you, thought of their experience with Rodericks. We hope this will help.
Following a few years of successful growth, the practice was becoming quite unmanageable for a single person to run. There always seemed to be more and more to do in the office, with increased paperwork and admin processes, and it was becoming difficult to maintain the pace while still seeing patients. Owing to the success of the business, the logical solution was to sell.
When the practice went on the market, I was delighted to receive interest from many people, which afforded me the chance to ensure I sold to the right person. One of my main concerns was that I wanted the buyer to continue our commitment to the NHS. I had been fortunate in the amount of support offered by the local community when I initially established the practice, because we were offering NHS services. I felt like I owed it to the community to ensure their continued access to NHS dentistry.
Despite several offers brought to the table from various different individuals and groups, I ultimately decided to sell to Rodericks. There were several reasons for choosing this group. For a start, we were originally a training practice and as this is was something I enjoyed, I was very interested continuing this aspect if possible. I knew many practices within the Rodericks group were not only training practices themselves – which alone stood testament for the group’s compliance with correct procedures and protocols – but also that they met high standards.
Secondly, I had the opportunity to meet with several people among the group’s management and practice teams. Unlike some other corporate’s that approached me, Rodericks were more than happy for me to visit any of their local practices, giving me complete freedom to talk to all members of staff from the dental nurses to the dentists. Everyone I met was very open, which made it clear that they had nothing to hide – this was reassuring while considering whether to invite them into my own practice.
Once the decision was made to go through with the sale, Rodericks provided support wherever possible to help ensure a smooth transaction. During the due diligence process, I went to meet with the acquisitions team and their solicitor to identify any outstanding items, and new lists were sent promptly.
A member of their Head Office team, Mark Walker, even came to visit my practice to offer advice on any aspects of the paperwork my manager and I weren’t sure about. This was even more helpful than speaking to the solicitors, as he of course understood how the dental practice worked and was able to explain things in language we understood. Rodericks remained very approachable throughout the transaction – we had very open negotiations regarding price and my salary, and I was comfortable discussing what I was looking for and why.
Since Rodericks took the practice over, I have been impressed with how the practice has been driven forward so quickly and efficiently. The management team is brilliant, everything is super organised and new staff have been brought in so that every hygienist works alongside their own dental nurse. Taking what we started and taking it to the next level, Rodericks is clearly a well-oiled machine!
Based on my recent experience, I would also recommend selling to and working with Rodericks if the opportunity arises. They have made the whole process as efficient as possible and I have been able to get back to the actual dentistry. It’s also really comforting to know that we are no longer a single practice on our own – we are part of a team with lots of support around us whenever we need it.
We sold our group of practices in September 2015 after meeting Shalin Mehra and his team and being impressed by the company.
The Rodericks team negotiated promptly allowing us to achieve a sale price very close to our valuation. They facilitated the due-diligence process which was time consuming but kept on track by the experienced team handling the process. If we had any queries they would be answered promptly.
Everything was handled confidentially until we were ready to inform our teams about the sale and soon after, a member of the Rodericks team visited to assure them about the company and the transition. One of our nurses is now a Practice Manager as Rodericks like to have a Manager at every site taking care of business and compliance.
We feel the professional Acquisitions Team at Rodericks have sensitively managed the change of ownership process. I am now free to enjoy my clinical dentistry unfettered by the regulatory & administrative burden of running a practice.
In addition I have taken on a training role with the company which allows me to provide support and help our dentists develop – as a FD trainer of many years I continue to enjoy giving something back to the profession and providing a helping hand where needed. I have also delivered CPD training at the Support Centre in Northampton which I have found a positive and enjoyable experience. I didn’t have the time to do this before selling our practices.
We are now part of a well-run group centred on delivering high quality patient care. I have been able to maintain my clinical hours with no disturbance to the care of my patients, but now like every other associate, I go home with a clear head knowing the worries of the business are not my responsibility.