12 June 2017 | Medical Mortgages

Associate Dentist buys out Practice Principal with help from Christie Finance

Specialist commercial finance broker, Christie Finance has helped an Associate Dentist with funding to purchase the business from its lead principal.

Busby House has been established in the Didcot area for 25 years and is a mixed private and NHS practice. Busby House has seven surgeries and is open six days a week. The business was operated in a 50/50 partnership before the lead principal decided to retire and sell their share in the practice.

The new lead principal, Raj Jadeja, approached Christie Finance to assist in securing funding to purchase the business. David Ward, Christie Finance Director of Medical Finance, assisted Raj to secure the most competitive funding in the market to facilitate the transfer of ownership.

Raj said, "David provided an outstanding and professional service. Within a couple of weeks, he had secured all the funding required and dealt with all the logistics of the deal from the beginning to the end. I would highly recommend David if you would like a hassle free journey!"

Commenting on the deal, David said, "I am delighted to help Raj secure the funding to make the practice his own and allow the lead principal to start their wind-down to retirement.

With our sector expertise and lender contacts, we are able to help a wide range of dentists with funding to buy, or to move to better terms on existing debt."