We recently acted on our client’s acquisition of a dental practice in an affluent area of North London. Our client acquired the goodwill/assets of the practice, and the freehold to the practice premises. The practice had two surgeries and the previous owner was looking to retire. We undertook all legal due diligence and negotiated the transaction documentation for the dental practice as well as the property (including associate agreements).
We jointly acted for our client’s lender and carried out all legal due diligence on its behalf, as well as perfected all security in support of the lending – this included a debenture, legal charge, second legal charge and personal guarantee.
We also liaised with the Care Quality Commission (CQC) as regards our client’s applications to take over the practice, securing a position statement from them prior to completion. We ensured that, on completion, our client’s registration with the CQC was activated and the seller’s registration was de-activated.
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