Established orthodontics practice in Morayshire sold

Established orthodontics practice in Morayshire sold
News

Specialist business property adviser, Christie & Co, has announced the sale of Moray Orthodontics in Elgin, Morayshire.

Established in 2014, Moray Orthodontics is a two-surgery, mixed-income orthodontics practice, treating children, adults and referring dentists in the North of Scotland. The practice has developed an enviable reputation across the region, with around 20 local practices referring into the clinic.

Located in the heart of Elgin town centre in Morayshire, the business occupies two floors of a five-story traditional tenement property of both commercial and residential use.

The business was previously owned by Dr Francisco Rodriguez, who decided to sell to relocate back to Spain, and has been purchased by a large Scottish group.

Joel Mannix, Senior Business Agent at Christie & Co, who handled the sale, comments, “I’m really pleased to have assisted Dr Rodriguez with this sale, allowing him to move back to sunny Spain. The buyer is really well-positioned to take over this ortho practice, and I look forward to hearing about its future successes.

“Demand for orthodontic practices saw a visible increase in 2021. With several of the larger corporate groups now employing dedicated orthodontic acquisitions managers tasked with securing more ortho-focussed practices and increasing their offering in the space. This trend is sure to continue in 2022 and therefore, for both and buyers and sellers of these practices, understanding the traits and nuances of the current market is more important than ever before.”

Moray Orthodontics was sold for an undisclosed sum.

Christie & Co

About Christie & Co

Head of Valuation – Medical Chris joined Christie & Co in 2008 and was appointed Director in 2010. Chris has overall responsibility for valuation work undertaken across our medical business with particular expertise in the GP, pharmacy and dental sectors. With a client base of leading corporate and independent operators together with key banks and lending institutions, Chris has been integrally involved in all of Christie & Co’s major medical advisory instructions since joining the business and is frequently invited to speak at industry events and conferences. Chris also attained his FRICS status in 2016 emphasising his expertise within the sector and industry.