Dentists in their early to mid-50s often begin thinking about their next chapter. For many, this means planning the sale or transition of their dental practice. At this stage, around 33% of dental practice owners plan to retire within six years, according to a survey of dental practice owners. Many sellers at this stage in [...]
Retirement is one of the biggest steps in a dentist’s life. After years of caring for patients, it’s time to think about your future and what comes next. If selling your dental practice is a major part of that plan, know that 65% of dentists nearing retirement cite practice valuation as their top concern, [...]
When it comes to selling a dental practice, many practice owners are faced with the option of selling to a Dental Service Organization (DSO). While this route can be appealing for some, it comes with its own set of benefits and challenges. In this post, we’ll explore the pros and cons of selling your dental [...]
When it comes to selling a medical practice, understanding how to maximize your practice value is essential. Whether you're a dentist, physician, or other healthcare provider, doing so ensures you get the most from your investment when it’s time to sell. This guide outlines straightforward steps you can take to increase your practice's value, attract potential [...]
In any dental practice, some things are easy to see, like your equipment and your office space or location. But some of the most important dental practice intangible assets aren't. They're the loyal patients and dedicated staff members who keep your practice running smoothly. These individuals may not be something you can put on your [...]
Selling your dental practice is a big decision that requires careful planning. From setting the right price to finding the right buyer, every step plays a critical role in ensuring a smooth transition. Unfortunately, many practice owners make mistakes that can delay the sale or reduce its value. In this seller's checklist, we'll highlight five [...]
How to Retain Patients During a Dental Practice Transition Patient Retention Is Key During Practice Transitions When dental practices change hands, both the selling and buying dentists face a significant challenge: ensuring patients remain loyal. Patient satisfaction and retention are critical to preserving the value of the practice and setting the stage for long-term success [...]
Why are Patient Lists Critical in Dental Practice Valuation? Why Accurate Financial Records Matter for Dental Practice Success When it comes to valuing a dental practice, accurate financial records aren’t just nice to have—they’re a necessity. They provide a clear picture of your practice’s financial health, help establish fair market value, and build trust with [...]
Acquiring a dental practice is a significant investment that requires meticulous preparation and informed decision-making. In this comprehensive guide, we delve into the due diligence process, what any buyer would be expecting to see, and how a practice can be best prepared for a pain-free sale. This article is a must-read for dental professionals thinking [...]
As a new owner, completing a dental practice purchase is an exciting venture that requires a successful transition plan from day one. The first step is to ensure a seamless and effective team transition to maintain continuity in patient care and daily operations of the practice. In this blog post, we will explore the essential [...]
