Glasgow dental practice sold to Scottish group
Specialist business property adviser Christie & Co has announced the sale of Springburn Dental Care.
Specialist business property adviser Christie & Co has announced the sale of Springburn Dental Care in Glasgow, a four-surgery mixed-income dental business.
Shortly after it was established in 2018 by David Kennedy, the practice gained an excellent clinical reputation and saw patients joining from across Glasgow, Lanarkshire, Edinburgh, Oban and the Highlands. It continues to grow and currently operates with four Dentists and a Dental Therapist.
Following a confidential sales process, the practice has been purchased by Gareth McMorrow and Paul McAllister, experienced multi-site operators who own Lansdowne Dental Care in the west end of Glasgow, tooth+ in Stirling and Machan Dental Care in Larkhall.
“I’m incredibly proud of what Springburn Dental Care has become since starting the practice as a squat in 2019,” said David. “Building it from the ground up has been a hugely rewarding journey, and I’m delighted to be handing it over to Gareth and Paul. They share the same values around patient care and team culture, and I have no doubt they’ll continue to grow the practice and take it to the next level.”
In a joint statement, the new owners said: “The practice has an excellent reputation within the local community and offers a strong mixed-income model that aligns well with our existing portfolio. Springburn represents a great opportunity to build on solid foundations, support the existing team, and continue delivering high-quality patient care. We look forward to investing in the practice and becoming part of the Springburn community.”
Kevin Strain, Senior Business Agent – Dental at Christie & Co, who handled the sale, said: “What was once a price point typically accessible only to corporates is now within reach of independent buyers, and it was truly encouraging to see such robust interest, as we received five bids at the closing date with four coming from independent buyers.”
Comments are closed here.