AN independent orthodontics practice has been sold to a Scottish group for an undisclosed sum.
Specialist business property adviser Christie & Co has announced the sale of Moray Orthodontics in Elgin, Morayshire.
Established in 2014, the business is a two-surgery, mixed-income orthodontics practice, treating children, adults and referring dentists in the north of Scotland.
The agent said 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, said: “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.”
Housebuilder forecasts 'outstanding' second half
SPRINGFIELD Properties has delivered a bullish assessment of its future outlook as interim results published this morning revealed a fall in first-half profits and turnover.
The Highland housebuilder declared it was on track to achieve strong growth for the full-year after reporting high demand in the six months ended November 30, with its total order book reaching record level.
Former garage earmarked for housing
PROPOSALS for up to 220 new homes have been tabled with council chiefs for a development hailed as a “catalyst” for the regeneration of Edinburgh’s Seafield area.
A planning application has been lodged by Manse (Seafield) and J Smart & Co (Contractors) for the proposed residential development, which would be built on the former Vauxhall Garage on Seafield Road.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here