Dentistry – Four in five dental practices have more vacancies than this time last year

Dentistry - Four in five dental practices have more vacancies than this time last year

Around 80% of dental practices in the UK have more vacancies than this time last year. This is according to the latest Dental Market Review carried out by Christie & Co. The report looks at activity and events in the dental sector during 2021 and the first half of 2022.

Demand for practices

There are 1,300 dental practices marketed each year, and approximately 520 sold in a given 12-month period. Demand outstrips supply with a strong market reported across all price ranges.

Appetite continues from a range of buyer types. Christie & Co sold 33% of practices to corporate buyers between 2021 and H1 2022. Around 32% were first-time buyers, 24% to existing owners, and 11% to small groups.

Transaction timelines

Before 2021, the average time from offer accepted to exchange was 233 days. This fell by 19% to an average of 188 days in 2021 and H1 2022.

In England, fully private practices which are share sales typically transact the quickest. In addition, asset transactions involving the transfer on an NHS contract take the longest.

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Dentistry - Four in five dental practices have more vacancies than this time last year