Bank of Scotland helps Scottish entrepreneur acquire first dental practice
Scottish entrepreneur Dr. Suelynn Tan-Stroud has fulfilled her ambitions and acquired her first dental practice thanks to a six-figure funding package from Bank of Scotland.
Dr. Suelynn Tan-Stroud is a dental practitioner based in Midlothian. She graduated in 2012 from the University of Dundee and has since worked in dental practices around Tayside before joining Magliveras Dental Care in 2018.
In April 2022, Magliveras Dental Care in Penicuik was put up for sale and Dr Tan-Stroud spotted a chance to fulfil her ambitions and own her first dental practice.
To facilitate the acquisition, Dr Tan-Stroud approached Bank of Scotland and secured a six-figure funding package to acquire the three-practice surgery in Penicuik.
Since taking over, the business has been working to tackle the backlogs generated by the pandemic and ensure a return to normal treatments for NHS and private patients. Magliveras Dental Care has also kept the same team in place to ensure a smooth ownership transition.
The practice in Penicuik offers a range of services including implants, Invisalign, botox and fillers.
Dr. Suelynn Tan-Stroud, owner of Magliveras Dental Care, said: “Having studied dentistry at university and having worked in the industry for ten years now, I was ready to take the next step in my career. This is when I started planning how I could acquire my first practice.
“This year, the opportunity to acquire the Magliveras Dental Care in Penicuik arose and Bank of Scotland were on hand to help me achieve my ambitions and complete the purchase of the practice.
“The pandemic was an extremely challenging time for the Scottish dental industry and I’m committed to tackling our current backlogs over the coming months to ensure a return to normal treatment for all our patients at the practice.”
Scott Beaton, relationship director at Bank of Scotland, added: “A recent report found that just 15.4% of Scottish businesses are owned by women, and this is indicative that much work is still needed to balance the scales.
“At Bank of Scotland, we want to help women achieve their business goals. We know it can be challenging for young entrepreneurs to take the first step and we were on hand to help Suelynn achieve her ambitions and acquire her first dental practice.
“We’ll continue to remain by the side of female entrepreneurs across Scotland and help entrepreneurs like Suelynn realise their business ambitions.”