What is a 24-Hour Retirement? The process is to retire from your current GDS/PDS contract over a weekend (for 24 hours Saturday to Sunday) before returning to work as normal on the Monday. Following your return to work you will receive a lump sum from your NHS pension...
The global pandemic has caused chaos in every industry, and the purchase of dental practices is no exception. Research has shown that the average time between a buyer making an offer, and the completion of the purchase of a dental practice has increased. In many cases...
It’s no secret that big business has slowly but surely swallowed up smaller competitors over the decades. National supermarket chains like Asda and Tesco have overtaken small local grocers and shops, large clothing stores like Primark have brought cheap and cheerful...
Are you ready for the new online pharmacy system from PCSE Online? Here we’ll guide you through the new changes designed to make pharmacy applications much easier. The way pharmacies are bought and sold is changing. You may already be aware that in 2019 the PCSE...
Are you a dental practice considering the sale of an NHS contract? We provide a guide on how to sell your NHS dental contract and the various options available. If you’re in dental practice and have an NHS contract, it is possible to sell and transfer the rights, but...
Are you thinking of buying a care home? The care home industry is highly regulated so check out our guide to read about the essential factors you should consider. In the next 25 years, the number of people aged over 85 is expected to increase twofold, placing even...
It was revealed on 8th April 2020 that in an effort to focus NHS England regional team efforts where they are needed most, Primary Care Support England would be temporarily suspending all new market entry, market exit and consolidation applications, backdated to 25th...
Who, what and when?
Like any commercial matter, the buying of a business and property can often be daunting task trying to understand and undertake. While your immediate attention will be on the numbers and in particular profitability of the business, there are two common problems that affect and severely delay first-time buyers of a children’s nursery. Ofsted and transfer of the premises.
If you are looking to sell your pharmacy, please note that any purchaser will insist on evidence of compliance of the above before the sale completes and vice versa, if you are looking to buy a pharmacy, please ensure that you obtain evidence of compliance before you complete the purchase.
Whatever the reason behind your decision to sell your pharmacy, it’s important to give yourself enough time to prepare your pharmacy for sale, as prospective buyers will be looking for a number of factors when conducting their due diligence.
When buying a business, there are many important legal considerations to take into account and lots of pitfalls to look out for—even more so when buying a pharmacy. This is because the pharmacy industry is highly regulated, and pharmacy owners are legally bound to protect the wellbeing of patients and the public in the way they run their business.
While buying or selling a dental practice is largely the same as buying or selling any small business, there are a number of additional considerations that come into play for dental practices. Here, we highlight some of the considerations for a first-time buyer or seller of a dental practice, to help both parties prepare for the transaction well in advance.
Selling a pharmacy is never easy, especially when you’ve built it up and served your patients for many years. So not only do you want the best value for your business when selling, but you also want the best for your patients and staff. With this in mind, our expertise in the pharmacy industry has enabled us to compile and answer a list of the questions most frequently asked by pharmacists when selling their pharmacy business.
The best way to prepare for the sale of your business is to be well informed: this will allow you to take the necessary steps to get the highest possible sale price for your business. With this in mind, our experienced solicitors have compiled an overview of the key points to consider when preparing to sell your business.
TUPE is an acronym for the Transfer of Undertakings (Protection of Employees) Regulations, which are designed to protect employees if the business they work for changes ownership or if there is any change in service provisions.
Due diligence is of paramount importance when buying any business, but when purchasing a dental practice, there are various additional factors that come into play. Examining each of the elements will help you determine the true value of a practice, comply with the statutory requirements of the UK’s General Dental Council, and ascertain which warranties or indemnities will be needed in your sale and purchase agreement.
Due diligence is an integral part of any acquisition, allowing the buyer to thoroughly investigate every facet of a target company in order to ascertain its true worth. Here, we explain why investigating the social media worth of a target company should be a core component of the due diligence process.
Although due diligence is, generally speaking, intended to protect the buyer, it is equally important for the seller when negotiating the sale of a business, as it can streamline completion of the sale. Here, we give an overview of the areas of due diligence specific to the sale of a dental practice, to prepare you for the enquiries and demands you can expect from a prospective buyer.
Although it seems a long way off when you’re starting up, your exit strategy is one of the most important aspects to consider when building your business. A suitable exit strategy must be planned well in advance so that all of the necessary elements, like succession planning and appropriate pension schemes, can be put in place.
