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MediEstates Pharmacy - News
In the press
Total 49 Articles - Page 1 of 10
ASK ALISON: Should vendors take a larger lump sum and lower remuneration, or vice versa?

Following a sale, it is common for a principal to remain working at the practice, providing the clinical treatments they love, but without any of the management responsibilities.

By Alison Bates at 14 Sep 2018
Group buyers are driving practice values in the dental sector

Scott Gidman looks at why group buyers are able to offer higher multiples of EBITDA when purchasing dental practices

By Scott Gidman at 13 Sep 2018
The only way is up in Scotland!

As the value of Scottish dental practices continues to rise, Ian Simms explains why now is a great time to buy or sell a dental practice in Scotland

By Ian Simms at 28 Aug 2018
Preparing to sell

Phillip Barker offers his top tips for those preparing to sell.

By Phillip Barker at 20 Aug 2018
ASK SCOTT: How long will I need to stay on after I sell my practice?

As a Practice Valuation Manager for MediEstates, Scott Gidman undertakes practice valuations as large as £9 million providing the vendor with a comprehensive business and property report. One of the most common questions he gets asked is “How long will I be expected to stay on, after I have sold my practice?”.

By Scott Gidman at 14 Aug 2018
Total 49 Articles - Page 1 of 10

 

This agreement is in relation to MediEstates Limited 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. To treat all information supplied by or on behalf of the Vendor in connection with the sale of the Business as confidential. Confidential information relates to: -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, employee's 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. Duties of Prospective Purchaser are:
    1. To take such reasonable security measures to protect the Confidential Information as it takes to protect its own confidential information.
    2. All communications are to be through MediEstates unless agreed.
    3. That they shall not, without the prior written consent of the Vendor, permit any of the Confidential Information to be disclosed, other than in confidence to its legal or professional advisers, to be copied or reproduced; to be commercially exploited in any way; to be used for any purpose other than in connection with the prospective purchase of the Business; and to pass outside the control of the Prospective Purchaser.
    4. The Prospective Purchaser must not jeopardise or re-direct the sale under any circumstances.
    5. That they will not contact any 3rd parties related to the business for which information has been provided, i.e. solicitor's, employees, accountants, clients.
    6. That they will not under any circumstances contact the Local Area Team or CCG regarding any business sale, by any means of media unless written permission has been granted by the current Vendor.
    7. To carry out own Due Diligence once any business purchase moves to forward, and accepts that MediEstates Ltd only supplies information provided by the vendor and is not responsible for its accuracy or completeness.
    8. To lodge a deposit held in a client account to secure a business sale and cease its marketing, which is refunded on completion.
    9. To not use any social media at all regarding business details.
  3. If you require finance to purchase your business, or need other financial services, MediEstates on your approval will refer you to an FA to assist you. MediEstates may be paid a fee for this service.
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