Looking to the future
Hewi Ma discusses important considerations when buying an NHS practice following Covid-19.
As the country and the dental industry continues to be tested by complications as a result of the Covid-19 outbreak, many dentists are looking to the future. In this article, we explore some of the main take-home points on buying a fully NHS practice since the Covid-19 outbreak.
Before the outbreak
Since the issue of the 2006 GDS/PDS contracts, buying an NHS practice has always been more involving from a legal perspective. There were more pieces of the jigsaw to fit in place and more information to be scrutinised before we would advise a client to proceed to exchange of contracts and completion.
Monthly UDA statements, remedial or breach notices and end of year financial statements of activity are a few of the documents required when carrying out legal due diligence for our clients. This basically meant us checking for potential risks in order to be able to advise our buying client on the transaction.