North Yorkshire-based accountancy firm Hunter Gee Holroyd (HGH), has advised the owners of a Dental Practice on a complicated sale to one of the largest industry acquirers in the Healthcare market.
Mark Grewer, Director of Corporate Finance at HGH was approached by his client after they were approached by one of the largest industry participants who wanted to buy their dental practice.
Mark and the HGH Corporate Finance team advised the business owners throughout the transaction, negotiating a better price, terms and earn-out for the sellers. HGH also dealt with solicitors throughout the transaction.
A few months after the transaction completed, monies were owed to the vendors as part of the earn-out however the buyers were in disagreement with the sellers as to what the amount owed was. Therefore Mark and his team were re-engaged to negotiate the settlement for the sellers, pushing the earn-out amount significantly upward.
Thanks to the proactive approach of the HGH team, the business sold for a good price and even rolled their leaves up once again for when the earn-out disagreement came around.