We recently had the privilege of supporting a dental practice sale. Our clients, co-owners of a practice in Worksop, embarked on a significant share sale. Their journey was marked by meticulous planning and steady progress.
The challenge
The transaction proceeded smoothly but slower than anticipated, due to funding delays on the buyer’s end. Despite this hurdle, we ensured that both parties kept up open and honest communication, which helped keep everything on track.
Key details
Our clients, integral to the practice’s success, opted to remain as associates following the sale. The buyer had already begun integrating into the practice as an associate several months before finalising the deal, fostering a seamless transition.
Legal support
Rubric Law’s involvement spanned crucial aspects of the transaction. The team:
- Facilitated due diligence responses and prepared necessary documents for the buyer’s review.
- Negotiated the share purchase agreement and advised on warranties to safeguard our client’s interests.
- Crafted a meticulous disclosure letter, ensuring accuracy and completeness of information exchanged.
- Ensured compliance with updated employment contracts and insurance policies, renewing where necessary.
- Drafted comprehensive employment contracts and consultancy agreements tailored to meet post-acquisition needs.
- Handled the sale of the freehold surgery premises to the buyers.
Our client commented:
“I was very pleased with Ryan’s expertise, but also how approachable and reactive he was. When we were close to completion, he was reassuringly calm and quick to respond to queries when time was of the essence.”
The result
Through diligent legal counsel and proactive management, Rubric Law facilitated a smooth transition.
We extend our best wishes to our clients and the new owner as they embark on this next phase of growth.
Considering a sale or acquisition?
Please get in touch:
📞 0117 435 4350
✉️ info@rubric.law
