Wed, 04 Sep 2019 | BUSINESS SALE
Archway Dental Practice, located in Stokesley, North Yorkshire, has been snapped up by Riverdale Healthcare – a new dentistry investment group that has been growing its portfolio through a number of strategic acquisitions.
Founded in 2009 by dentist Mark Amos, the Archway Dental Practice operates three treatment rooms to provide a range of NHS dental services.
Riverdale Healthcare’s acquisition of Archway follows its takeover of the Hebburn and Pelawdental practices in Tyne & Wear in August.
Its management team is led by chief executive Mark Seekings and is financially supported by Apposite Capital.
Riverdale’s managing director, Ian Gordon, said: “Having worked closely with Mark Amos and his team for several years it is a pleasure to have them join the wider group on a formal footing.
“We have lots of exciting projects coming up which will expand the number of treatment rooms and the treatment offered to patients as well as the opportunities available to the Archway team.”
Chief investment officer of Riverdale Healthcare, Chris Aylward, commented: “This third acquisition highlights our ambition to further expand in the North East.
“We are pleased to welcome the Archway practice to the group and are looking forward to working together with the team to continue delivering high-quality dental services to patients.”
Presenting to the market a well established 2 surgery practice due to the vendors plans to reduce responsibilities. Income is derived from fee per item patients and a large capitation scheme which equates to 32% of the practice income.
LEASEHOLD
Operates on a national basis, providing highly skilled staff for clients including NHS and private hospitals, nursing homes and prisons, on a short- or long-term basis. Holds a number of framework agreements, enabling the company to supply staff to N...
LEASEHOLD
The business is a highly reputable domiciliary care agency with a strong focus, above everything, in providing high quality care and is committed to the goal of enabling people to lead a fulfilling and meaningful life within their own home.
LEASEHOLD
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