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HS Financial Services - Optimising Your Practice Finances: Stop Overpaying on Your Practice Acquisition Loan
Optimising Your Practice Finances: Stop Overpaying on Your Practice Acquisition Loan

Optimising Your Practice Finances: Stop Overpaying on Your Practice Acquisition Loan

 

Are you overpaying on your practice acquisition loan? Many dental professionals may not realise the potential financial benefits that lie within the banking sector's eagerness to lend to the healthcare industry. Your practice acquisition loan is a crucial component of your financial stability, impacting not only your current operations but also your future retirement plans. In this article, we'll explore how existing practice acquisition loans can be strategically refinanced to boost cash flow, foster innovation, and safeguard your retirement fund.

 

Unlocking Cash Flow for Practice Owners:

 

Practice owners often find themselves seeking ways to free up cash flow, especially in an industry where innovation and renovations play a pivotal role in maintaining a competitive edge. Henry Schein Financial Services understands these challenges and partners with an extensive panel of lenders, offering a comprehensive review of your finance loan.

 

 

Benefits of Choosing Henry Schein Financial Services:

 

 

Preferential Rates:

 

Henry Schein Financial Services has cultivated long-term partnerships with leading banks, allowing them to secure preferential rates for their clients. These favourable rates are a result of a deep understanding of the healthcare sector and a proven track record of successful collaborations.

 

Expertise in Positioning Your Case:

 

Beyond securing preferential rates, the team at Henry Schein Financial Services brings their expertise to the forefront. They specialise in positioning your case to banks in the best possible light, ensuring that you receive the most competitive deals available to you. This knowledge is invaluable in navigating the complex landscape of financial negotiations.

 

Minimal Disruption to Your Business:

 

The entire process is designed to be seamless for practice owners. The team at Henry Schein Financial Services understands that your priority is running a successful practice. Therefore, the review and negotiation process occurs while you continue to focus on providing treatments in your surgery, minimising disruptions to your business operations. 

 

No Additional Fees:

 

As a valued customer of Henry Schein, you can take advantage of these services without incurring any additional fees. The commitment to supporting your business growth is evident in their approach to providing financial solutions tailored to the unique needs of healthcare practices.

 

Conclusion

 

Your practice acquisition loan is a critical aspect of your financial health, influencing both your current operations and your future retirement plans. By partnering with Henry Schein Financial Services, you can unlock the potential for enhanced cash flow, allowing you to invest in innovations and renovations that will keep your practice competitive. Take control of your financial future, stop overpaying on your acquisition loan, and ensure that your practice is the best it can be with the support of a dedicated financial partner.

 

Contact our team today to stop overpaying on your acquisition loan.

 

 

Posted by: Zoe Forde on

General Buyer Terms

This agreement is in relation to MediEstates Limited whose registered office is at 1st Floor, Pacific House, Stanier Way, Wyvern Business Park, Derby, DE21 6BF acting for and on behalf of our clients ("the Vendors"); and yourself (Buyer's Name) in relation for an introduction to a prospective sale of a business as a going concern. By registering through this agreement I agree to all terms set out below:

  1. Definitions
    In this Agreement the following terms and phrases shall have the following meaning unless the context otherwise requires:

    Business
    Dental Practice business providing dental care. This business is under the MediEstates Ltd sale terms.
    Confidential Information
    Means the actual Vendors identity and all confidential information in respect of the Business, including, but not limited to, any ideas, business methods, prices, accounts, finance, marketing, research, development, manpower plans, processes, market opportunities, intentions, design rights, product information, customer lists or details, employees’ details, trade secrets, computer systems and software, and other matters connected with the products or services manufactured, marketed, provided or obtained by the Vendor, and information concerning the Vendor’s relationships with actual or potential clients or customers and the needs and requirements of such clients’ or customers’ operations.
  2. Obligation of Confidentiality
    The Prospective Purchaser agrees to treat as confidential, information supplied by or on behalf of the Vendor in connection with the sale of the Business.
  3. Exclusions
    The obligation of confidentiality set out in clause 2 does not apply to:
    1. any information received from a third party who was legally free at the time of disclosure to disclose it;
    2. any information which was already lawfully in the Prospective Purchaser’s possession prior to receiving it from MediEstates Ltd on behalf of the Vendor; and
    3. any information which is in its entirety already in the public domain.
  4. Duties of Prospective Purchaser
    1. The Prospective Purchaser shall take such a reasonable security measures to protect the Confidential Information and trade secrets.
    2. The Prospective Purchaser shall not, without the prior written consent of the Vendor, permit any of the Confidential Information:
      1. to be disclosed, other than in confidence to its legal or professional advisors;
      2. to be copied or reproduced;
      3. to be commercially exploited in any way;
      4. to be used for any purpose other than in connection with the prospective purchase of the Business;
      5. MediEstates is registered under the Data Protection Act 2018. Upon Signing this agreement you agree to follow the legal obligations of this act to protect the details of the information supplied to you, with it no to be passed outside of the control of you the prospective purchaser.
    3. The Prospective Purchaser agrees to keep a record of Confidential Information received.
    4. The Prospective Purchaser will return to MediEstates or the Vendor all documents containing Confidential Information and all copies of those documents on demand at any time which are in its possession or under its control, and for this purpose the term “documents” includes computer discs and all other materials capable of storing data and information. The Prospective Purchaser agrees that such documents remain the property of the MediEstates on behalf of the Vendor.
    5. The Prospective Purchaser must not jeopardise or re-direct the sale under any circumstances.
    6. The Prospective Purchaser must not contact the Local Area Team or CCG regarding any practice sale, by any means of media unless written permission is granted from the Vendor.
    7. To carry out own due diligence on practice purchases and accepts that any information MediEstates has supplied is information provided by the vendor and is not responsible for its accuracy or completeness.
  5. This Agreement
    The existence of this Agreement and its terms are confidential and neither MediEstates nor the Purchaser may disclose anything about this Agreement or its subject matter or implementation to any person other than in confidence to their legal or professional advisers.
  6. Duties of Prospective Purchaser
    When buying Dental practices, finance is normally needed. Our organisation operated over more than one of the MediHoldings brand, by completing this from you agree that the information can be shared to our other organisations to avoid the need to register independently and provide the best possible service.

    MediEstates will refer you to the specialist dental lending team and MediFinancial who will contact the necessary banks, whom have preferential healthcare lending rates in some cases, to ascertain which funding is available to you.
    By signing this agreement you do not have to use any of the banks MediFinancial contact, it is just another service which we provide.
  7. Deposit for Dental Practice
    If you are interested in putting forward a formal offer in for a practice, once the offer is accepted there will be a deposit required to secure the practice sale which is dependant of the practice size. This deposit is held in a client account and will be returned to the buyer on completion of the practice sale. You the buyer, will be required to sign a deposit schedule which will cover the buyer and the seller in the event that the practice sale does not proceed.
  8. Changes to this Agreement
    Any changes made to this agreement must be authorised and signed by one of MediEstates Ltd Directors.
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