Law Firm Advises on £78m in Dental Practice Transactions
- AuthorRhianydd Llewellyn-Thomas
A Welsh law firm has advised on dental practice transaction deals with a combined value of £78m in just over four years.
JCP Solicitors, which has offices across south and west Wales with a head office in Swansea, has achieved the total since its specialist healthcare team was established in 2018.
The figure is set to increase even further as another £25m of dental transactions are due to be completed by the firm later this year.
JCP Solicitors is one of three law firms in Wales to have an associate member of the National Association of Dental Accountants and Lawyers (NASDAL) in its team.
Chris Davies, the Head of JCP's Healthcare team and NASDAL member, said: "We are a sector leader in advising on healthcare transactions thanks to the experience and knowledge of our dedicated Cardiff-based team.
"Over the past four years our team has advised on numerous transactions, with businesses turning to us repeatedly when they sell or acquire a practice to ensure the transaction is handled skilfully.
"I'd like to congratulate the healthcare team for their persistent dedication to ensuring the success of the team. We are now focussed on maintaining this momentum and looking ahead to further growth in 2023."
Dental client, Dr Paul Jones, has recently concluded a practice purchase, adding to his portfolio of practices throughout Wales. It takes his portfolio to five practices across Brecon, Pontypridd and Merthyr Tydfil.
Dr Jones said: "I am delighted to have worked with JCP Solicitors on the purchase of my fifth practice and I'd like to thank them for their support and professionalism throughout this process.
"Their wide-ranging experience in dealing with the purchase of my dental practices has been evident throughout, and their advice and guidance has been absolutely invaluable to ensuring that everything went smoothly."
Davies added: "We are pleased to have advised Dr Jones on the purchase of his latest practice which has seen him strengthen his dental portfolio even further. As a NASDAL member it is my privilege to help support the growth of the vital dental industry across Wales and the UK.
"We are proving to be a highly trusted source for dental practitioners looking to make the next move, and we’d encourage anyone considering this to get in touch."
JCP Solicitors is a legal healthcare and dental firm, regularly advising on the sale and purchase of dental practices, pharmacies, opticians, care homes and other healthcare businesses throughout England and Wales.
It also offers advice on partnership and shareholder arrangements for GPs, dental practices, veterinary practices and other healthcare professionals, including specialist healthcare lenders, and provides general information on business matters.