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Birmingham Post
Birmingham Post
Business
Tamlyn Jones

Acorn Dental purchases second practice with Lloyds funding

A private dental practice in Birmingham has expanded after securing a new funding deal.

Acorn Dental, which was established in Moseley more than 50 years ago, has bought a second practice in Barnt Green with help from a £700,000 funding package from Lloyds Bank.

The dental centre has two patient rooms and will enable the business to service a total of 10,000 patients including 3,000 patients at its new base in Hewell Road.

The funding from Lloyds Bank has also enabled Dipesh Parmar to buy into the Acorn Dental Group, meaning the practice is now owned by Mr Parmar alongside his brother Manoj.

Acorn Dental plans to hire six members of staff to work in its Barnt Green branch which will undergo a programme of renovation and extension with the aim of doubling capacity over the next 18 months.

Dipesh Parmar said: "We've experienced steady growth over the past five years. This is largely due to word of mouth, with people coming to us following recommendations from family and friends.

"We're expanding to a second practice to meet this demand. It's been an ambition of mine for several years to buy into the family dentist business and, with the expansion, now seemed like the perfect time."

Andrew Matthews, healthcare relationship manager at Lloyds Bank, added: "Dipesh and the team at Acorn Dental are committed to making the practice a centre of excellence.

"As part of our commitment to helping Britain prosper, we've worked closely by the side of the Parmars since they first purchased the dental practice in 2000 and so it's rewarding to see this family business succeeding and expanding in line with demand."

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