Specialist business property adviser, Christie & Co, has announced the sale of Plymouth Orthodontics Limited to expanding dental group, Portman Dental Care.
Plymouth Orthodontics Limited, a specialist orthodontic practice in the popular Plymouth suburb of Mannamead, occupies a two-storey, former residential property. It has been owned by Principal, Dr Sanjay Kumar, since 2008. It has since been completely refurbished and maintained to a very high standard throughout.
Dr Kumar also treats patients at nearby Derriford Hospital. He decided to sell but plans to remain with the business long-term to ensure continuity of patient care. He comments: ‘I’m extremely thrilled to have completed on the sale of my practice. I’m looking forward to working as part of the Portman team, helping to grow the business in years to come. The sale process was very smooth and was managed extremely professionally by both Christie & Co and Andy Price at Portman.’
Portman Dental Care
The business has been purchased by expanding dental group, Portman Dental Care. It will fit in well to the company’s network of practices, continuing to grow with the support of its general practices in the South West through referrals.
On behalf of the company, Mr Andy Price comments: ‘We are very excited to have the opportunity to work with Sanjay. As well as his great team at Plymouth Orthodontics. Portman’s ortho division is bolstered further by this acquisition. It brings us to 23 orthodontic specialist sites within Portman, out of the 155 practices we have in total. It has been an absolute pleasure to work with Simon at Christie & Co, a true professional and also a very proactive individual to enable the sale to go through in a reduced timeline.’
Simon Hughes, managing director at Christie & Co, who handled the sale, comments: ‘Quality orthodontic practices are in high demand and Plymouth Orthodontics was no exception with a number of dental companies keen to acquire it. Dr Kumar has built a fantastic practice which will, no doubt, continue to thrive and grow under the Portman banner. We wish him and also the team much continued success.’
Plymouth Orthodontics Limited was sold at an undisclosed price.