Specialist business property adviser, Christie & Co, has announced the sale of Manchester dental group, Ocean Dental.
Ocean Dental is a hugely successful dental business with a significant patient reach across the region. It comprises two mixed-income practices in prime Manchester locations – Market Street and Fallowfield. There’s a total of seven surgeries and ample space to expand further.
Set up as a squat in 2011, Ocean Dental Manchester on Market Street enjoys one of the most prominent locations in the UK in the heart of Manchester city centre. The practice stands on the second floor of one of Boots’ highest grossing stores. This store is located on one of the country’s busiest shopping high streets.
Ocean Dental Fallowfield has been established for over 30 years and joined Ocean Dental group in 2008. The property, which has been completely modernised, enjoys a commanding position in a built-up residential area. This is popular with students and young professionals.
Principals Dr Nilesh Bhatt and Dr Romina Gegau previously owned the business. They have dramatically grown the practices over the last few years. Recently, they decided to sell to relieve themselves from management responsibilities and concentrate on pastures new.
A dental sanctuary
After a confidential sales process with Christie & Co, the group has been purchased by Portman Dental Care as part of their ongoing UK acquisition plans.
Dr Nilesh Bhatt and Dr Romina Gegau comment: ‘After successfully operating the Fallowfield practice for a few years, we chose to set up the Boots clinic in 2011. The design and vision was to create a sanctuary for delivering dentistry. This was based on educating our patients in a relaxed environment. Compassion and empathy are instrumental in all that we do.
‘From two surgeries initially, the practice has flourished into a busy four surgery clinic, open six days a week. We wanted to concentrate on our family and hence wanted to find a partner that would continue to deliver our core values to the new owners. Christie & Co was the perfect partner.
‘We look forward to working closely with Portman Dental Care to further grow the clinic and continue with our patient values.’
Andy Sloan, business development director at Portman Dental Care, says: ‘Following the opening of City Centre Dental & Implant Clinic in late 2021, the acquisition of Ocean now gives Portman significant coverage across Manchester city centre. Our aim is to provide patients with exceptional levels of service. We will be constantly investing in technology and people to ensure this happens over the coming months.’
Jonathan Watson is a director at Christie & Co, who handled the sale. He comments: ‘I am enormously proud to have assisted on the sale of Ocean Dental Group to Portman Dental Care. It has been a real honour to have acted on such a high-profile transaction in Manchester city centre. It’s a great result for Nilesh and Romina.
‘This is the latest example of the significant appetite for larger single sites and groups from corporate operators. They are making up for lost time following a challenging couple of years.’
The leasehold interest of Ocean Dental sold for an undisclosed guide price.
For more information, www.christie.com
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