A Due Diligence Checklist: How to Prepare For Dental Practice Acquisition
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 about selling or purchasing a [...]
How to Transition Staff After Acquiring a New Dental Practice
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 steps and strategies to ensure [...]
Understanding the Value of a Dental Practice: A Comprehensive Guide to Evaluating Patient Base and Practice Worth
Whether you’re buying or selling, the valuation of a dental practice is highly dependent on the patient roster. The list's health and stability serve as key indicators to determine the value of a practice and its growth potential. This comprehensive guide will explore various techniques to generate an accurate valuation. It will help buyers identify the signs of a successful [...]
Timing is Everything: Mastering Dental Practice Transition for a Smooth Staff Experience
Transitioning a dental practice is not just about handing over the keys—it's a complex process that requires careful planning and consideration, especially regarding your team and patients. If you're on the brink of selling your dental practice or poised to buy one, the stakes are high. How you handle the transition can profoundly impact practice goodwill, staff morale, and [...]
Private Practice is not Dead
Private Practice is not Dead. It is Simply being Re-engineered. Despite Chicken Little’s warnings that the “sky is falling”, the world did not end and she (more affectionately known as Henny-Penny) and her friends Rooster-Booster, Ducky-Chucky, Goosie-Brucie and Turkey-Perky all lived happily ever after. We have the power to create our own realities. Unfortunately, our filters sometimes have us [...]
Selling Dental Practices in Today’s Marketplace
Selling dental practices today is not like it was in the past. have been involved in selling dental practices since 1975. Started when I was 23-years old as a second generation dental transaction specialist following my father’s footsteps. For those selling their practice today, it is important to understand that the marketplace is not what it was when you started [...]