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HS Financial Services - Republic of Ireland Dental Market Welcomes MediEstates
Republic of Ireland Dental Market Welcomes MediEstates

Republic of Ireland Dental Market Welcomes MediEstates

 

Kimberley Parker, Business Manager for Henry Schein Financial Services, reveals huge growth potential for dental businesses in Republic of Ireland.

 

We are incredibly excited by the opportunity to bring our uniquely personalised services to customers in Republic of Ireland. The dental market is particularly strong, and this has been confirmed with the backing of four leading banks with specialties in healthcare-sector lending. Our work to secure the best terms at competitive rates can now benefit buyers in Republic of Ireland, whether they are investing in their first practice or they are experienced business owners.

 

Who we are

Henry Schein Financial Services works with MediEstates and established lenders to arrange finance loans for the purchase of dental practices, equipment and consumables. We work closely with lenders to ensure customers get the most competitive terms and the most suitable deals tailored to their needs. We understand that gathering information to help secure a loan takes time, which is why we set up our service over 10 years’ ago to support our customers, do the financial legwork and let them focus on what they need to. Our approach is based on consultation with customers and lenders throughout the process to provide a bespoke service alongside that of MediEstates’, the largest dental-practice broker in the UK. Our recent move into Republic of Ireland means we can now help even more people fulfil their business goals.

 

How we work

The first stage of our process involves discussion with our customer. We do some factfinding in order to compile a portfolio for presentation to our panel of lenders. Our focus is on tailoring our service to individual needs, so this is the most important part of our process. It is about getting to know the customer, their experience and their business goals and expectations. This is all reflected in the portfolio along with more detailed business and account information. If the customer is already with MediEstates, we can get much of the detailed information directly from their database, which saves even more time. It is never too early to contact MediEstates or Henry Schein Financial Services. Our customers range from new buyers looking for the perfect startup practice, to experienced business owners expanding their practice portfolios.

 

Once our customer has chosen the deal which best suits their needs, we put them in touch directly with the lender who will take them through the stages necessary to obtain an offer. We work together with our customers, lenders and solicitors right through to completion to ensure the whole process is as smooth as possible. We are currently working to secure the most competitive rates and loan-to-value percentages with our four new lenders in Republic of Ireland, so we can offer the same excellent services that we do in the UK.

 

Personalised service backed by a global support network

We pride ourselves in tailoring our services to customers. But customers can also benefit from the far-reaching support network of Henry Schein and MediEstates. We are unique in our ability to offer a fully comprehensive service – from arranging finance for the purchase of dental practices, equipment and consumables, setting up cloud-based dental software with Software of Excellence, right through to offering ongoing business advice to help customers maximise the value of their practices. Our work is grounded in fairness, collaboration and lasting working relationships. It is why we have so many loyal customers and hope to welcome many more in Republic of Ireland.

Posted by: Kimberley Parker 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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