A new dental investment group has acquired two dental practices in Tyne & Wear, comprising Hebburn Dental Practice and Pelaw Dental Practice.
The practices, which are located within two miles of each another, comprise a total of five surgeries and offer significant opportunity to expand the range of private and specialist treatments.
Established for over 50 years, the practices have been operated by Julie Coates since 2005, who decided to sell in order to free herself from practice ownership so that she can focus on other ventures and comments, “I was very pleased to sell to Riverdale. They were hugely supportive throughout the acquisition, not only in assisting me and making the transition as easy as possible, but also engaging themselves with all of the practice team. Selling a dental practice can be quite a daunting process, but Riverdale were very easy to deal with. Chris Aylward was extremely supportive, keeping in regular contact throughout. Any issues which arose were dealt with smoothly and efficiently and enabled the acquisition to be completed in less than 6 months. I was genuinely thrilled to hand over to such a lovely team as Riverdale”.
Riverdale Healthcare is a new dental investment group with an industry-leading management team led by CEO Mark Seekings and backed by a leading healthcare investment fund. The team are selectively investing in ambitious dental practices that share the same ethos and core values of Riverdale Healthcare to provide high quality, ethical dentistry.
Chris Aylward, Chief Investment Officer of Riverdale Healthcare comments, “We are really excited to have Hebburn and Pelaw Dental Practices join our group. Julie’s practices are a perfect fit with the vision we have for Riverdale and we are looking forward to working with the practice teams to continue to deliver a patient focused dental service.”