Genesis Smiles Centre in Stoke sold to expanding national dental group
Specialist business property advisor, Christie & Co has completed on the sale of Genesis Smiles Centre, a large dental practice located in Stoke on Trent, Staffordshire.
Established from scratch in 2011, the business comprises five well-equipped modern surgeries with a large open plan waiting room and ergonomic design. The practice is a large provider of NHS dentistry and in recent years has also introduced private treatments such as implants.
The previous owner, Dr. Shaam Shamsi, is an influential dentist whose reputation stretches far and wide across the country. He has made the decision to sell in order to pursue other interests within the industry, including providing mentoring and training courses to young dentists, as well as to focus on his other dental practice.
Dr Shamsi comments, “Making the decision to depart from your practice is never an easy one especially when you are blessed with a team that becomes your family. It has been an absolute privilege working with such professional colleagues in my practice, starting with my Practice Manager and dentists and moving onto the reception and nursing team. They have all been amazing! What mattered most was to ensure the new owners would continue with that same 'ethos’ and mindset to support, develop and promote high quality dentistry. I found just that in Sanjay Shah and his highly efficient team at Dental Care Group. Special thanks must go to Jonathan Watson and Steve O'Connor at Christie & Co for their efficiency, coordination and communication throughout the process and beyond with continued advice and support; already colleagues are asking who I would recommend, need I say anymore on both organisations?”
The business has been purchased by Dental Care Group, a fast growing and highly acquisitive group historically located in the east of England, as part of their national growth strategy.
Sanjay Shah, CEO of Dental Care Group comments, "We are proud to welcome Genesis Smiles Centre - our 30th practice - to Dental Care Group. I am really privileged to be working with such great people that enable us to achieve such fantastic milestones. A special thanks to our acquisitions, transactions and integrations teams who work with great energy and enthusiasm to bring our vision to reality. It has been an honour to work with Dr Shaam Shamsi during the transaction process who is an inspiration to us all in the profession - I can't wait to learn even more from him! Genesis is a fantastic flagship NHS practice in Stoke-on-Trent and we cannot wait to work with the team here to build further upon their current success.”
Steve O’Connor, Business Agent at Christie & Co handled the sale and comments, “Having unsuccessfully tried to sell via another dental agent, it was great to get the opportunity to work with Dr Shamsi on this transaction. Jonathan Watson and myself worked together on the sale, and we are pleased to have secured Dr Shamsi a fantastic result. Whilst the business structure was a little unusual compared to what we typically see, the legal work did not present any major obstacles and the sale was concluded in just three months from agreeing a deal”.
For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
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