“The more a man is, the less he wants.”
Good MorningI am e-mailing to check that all is ok with the telephones and to see if I can help with anything at all?I wanted to let you know too that we have a couple of new products available. We now offer mobile phones, so if you use business mobiles or are thinking of doing so in future please let me know and I can put something together for you. Also we now provide Wi-Fi for either staff, or the waiting room for patients. Again, if this is something you are thinking of implementing in your surgery please ask me for further details.I hope to speak to you soon.Kindest Regards,
Account ManagerDirect Tel: *****Account Management Group: ******Mobile: ******
Fax: *****Daisy Surgery Line14 The Capricorn centre
Cranes Farm Road
SS14 3JJ+ ******@SurgeryLine.com
CAUTION – The information contained in this message is legally privileged and confidential information intended for the individual use of the entity named as the recipient. If the reader of this message is not the intended recipient you are hereby notified that any dissemination, distribution or copy of this message is strictly prohibited. If you have received this message in error would you kindly notify Daisy Surgery line Limited trading as Surgery Line. Any views expressed in this message are those of the individual sender and may not necessarily reflect the views of Daisy Surgery Line Limited trading as Surgery Line or its associated companies.
From the recent ezine from Alan Suggett & the team at UNW
LATEST NASDAL GOODWILL SURVEY RESULTS RELEASED
NHS dental practices continue to attract higher prices than private practices according to the latest goodwill survey results from NASDAL.
Carried out quarterly, the most recent survey for the period April to July 2013 shows that on average, an NHS practice – defined as a practice with more than 80% of its income from its NHS contract – had an average goodwill value expressed as a percentage of gross fee income of 105.2%.
Since the two previous surveys showed that NHS practices usually command considerably more than 100 per cent of turnover and private practices around or below 100 per cent, a trend is established for 2013.
When the figures for valuations (i.e. as reported by professional valuers) are compared to the figures for deals (i.e. actual sales or purchases of practices), it indicates that NHS practices can fetch more than expected, and private practices go for less than expected. Meanwhile, mixed practices are more predictable. The valuation average for mixed practices was 100% in the quarter ending July 2013 and the deals show an average price of around 95%.
Alan Suggett, a specialist dental accountant of UNW LLP commented: “My thoughts about the survey are that it continues to show that NHS practices are highly sought after – with smaller ones being sold with goodwill valued on a percentage of fee income basis (usually around 100%), and larger ones on an EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) basis, which can yield much more.”
A key aspect in the differentiation is that large NHS and mixed practices are of interest to corporate buyers which are competing with each other.
The figures can’t be taken in isolation, Alan stressed, since large corporate purchasers usually insert performance criteria into their buying price. So, whilst they may be ready to pay above “market rate” for a practice, but if in the years following the sale the practice doesn’t perform in line with pre set expectations, then the sale price is reduced. He added: “We are therefore measuring a maxi- mum sale figure which, in the course of time, could be reduced.”
In 2011 Mouth Cancer Awareness Day was successfully launched in Ireland by the Mouth Cancer Awareness Group.
Members of the public are encouraged to visit dentists participating in the scheme for a FREE mouth cancer examination. The Mouth Cancer Foundation has recently launched its Mouth Cancer Screening Accreditation Scheme which encourages all dental practice to carry out screening at routine check-ups. Mouth Cancer Awareness Day ties in with the ethos of the Mouth Cancer Screening Accreditation Scheme so with permission of the Mouth Cancer Awareness Group we are launching the first Mouth Cancer Awareness Day in the UK.
The Mouth Cancer Foundation is asking all dental practices to get involved by signing up to give members of the public FREE mouth cancer examinations at dental practices across the country on Wednesday 18th September 2013.
If you are a member of the public all you need to do is find a participating dentist and get in touch to book your appointment.
Mouth Cancer can be deadly and early detection is essential. In the UK, nearly 8000 people are diagnosed with Mouth Cancer every year. Cancers can occur in any part of the mouth, tongue, lips, and adjacent areas like the throat, salivary glands, pharynx, larynx, sinus, and other sites in the head and neck area. In its very early stages, these Mouth Cancers can be easy to ignore.
The Mouth Cancer Foundation has devised a ‘Two minutes to save a life’ mouth cancer screening protocol, which is a 10-point checklist that every dentist should be able to include in their routine examinations, whether they’re based at an NHS, private or mixed practice.