Owners sell private practice to focus on clinical dentistry
18 Dental in Coleraine, Northern Ireland, has been sold to growing operator, DeNovo.
18 Dental is a predominantly private dental practice with four surgeries and is located in Lodge Road in Coleraine, 55 miles north west of Belfast.
It has been owned by Dr Ursula Mulholland and Dr Ben Goode since August 2004 and in 2009 they branded and expanded the practice. The pair decided to sell as they felt the time was right to move away from practice ownership and focus more on the clinical side of dentistry.
Following a confidential sales process with Cathy Murphy at Christie & Co, it has been purchased by DeNovo, which owns 13 practices, with another three due to complete imminently.
The former owners said: “We decided that the time was right to sell, not because we were ready to retire, but because we felt that some of the responsibilities of practice ownership were taking more of our time.
“Selling allowed us to release equity in our business and focus on clinical dentistry. Our hopes for the practice are that it will continue to grow and care for our patients for many more years.
“Since we sold the practice and went into partnership with DeNovo, there has been a significant positive impact. DeNovo has been supporting us in marketing and investment in the practice, patient numbers have grown and the team has expanded.
“We feel we now have a partner supporting the business, allowing us to focus on clinical dentistry and furthering our professional development.”
Mark Aichroth, chief executive at DeNovo, added: “We’re thrilled to welcome Ursula and Ben to DeNovo Dental Partners. Their story reflects exactly why we created this model – supporting principals to release value from their business while continuing to do what they love most: caring for patients.
“By combining local autonomy with the strength of a supportive group, we enable our partners to focus on clinical excellence while we help drive growth and investment.”
18 Dental sold for an undisclosed price.