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Dental Practice Transition Articles

Financial Planning

Dental Student Loan Repayment Strategies for 2023-2024

Thursday, August 3rd, 2023 by Theodore C. Schumann, II, MBA, MSF, CFP®, AIF®, Partner at DBS Investment Advisers, LLC & DBS Dental Sales

After a delightful 3-year break from payments, as well as interest accrual on student loans, dentists with student debt should prepare to resume making payments again beginning in October 2023. Interest on student loans will resume on September 1, 2023, and payments will be due starting in October. The initial suspension or “freeze” in student […]

Avoid the “Potential” Pitfall When You Sell Your Dental Practice

Thursday, March 30th, 2023 by Kevin Cooper, M.B.A.

Selling a dental practice can be challenging and ensuring that you sell your dental practice for the right value is crucial. A successful dental practice sale needs careful planning to get the best return on your investment. The selling process can be complicated when you’re ready to sell your dental practice. It’s best to avoid […]

Five Things Every Dentist Should Know About Disability Insurance

Thursday, February 9th, 2023 by Adam Bratland

The odds of a dentist experiencing disability is a lot higher than most people would guess.  In fact, the odds of a dentist becoming disabled for at least one year during their practicing life (starting at the age of 20) is 25%.  The disability will most likely be attributed to musculoskeletal issues involving the neck, […]

Understanding Dental Practice Purchase Agreements

Tuesday, January 10th, 2023 by Ryan Brengman, J.D.

Basic Understanding of Key Dental Practice Purchase Agreement Elements Understanding key elements in a dental practice purchase agreement are necessary to ensure a successful dental practice transition. Making the decision to buy or sell a dental practice is a major life event.  Once that decision has been made, navigating legal documents can certainly feel daunting. […]

Women in Dentistry: Why Owning a Practice is the Right Path

Monday, December 5th, 2022 by Timothy Giroux, DDS

I have been a dental practice broker over 20 years now after owning a large successful practice for 17 years with my wife and dentist. My daughter graduated from dental school 4 years ago and married a classmate, so the husband-and-wife dentist team structure continues for another generation. The landscape of dentistry has changed dramatically […]

Should You Build or Buy a Dental Practice?

Tuesday, July 12th, 2022 by Peter J. Ackerman, CPA, CVA

In today’s economic climate, dentists are becoming increasingly discouraged by the shortage of available practices for sale and are considering scratch-start practices. What to Consider if You’re Building a Dental Practice There are many things to consider if you decide you’re going to build or buy a dental practice. Dental Practice Financing To pay for […]

The Roadmap to a Successful Life After Practice

Thursday, March 31st, 2022 by Gary Schaub, MBA

I agree with Madeleine Albright, former Secretary of State, when she said, “Every step in life should be more exciting than the last.” If you are contemplating an exciting new stage in your life, from buying your first practice to retiring from dentistry, then a roadmap is critical to your success. However, it is the […]

It’s Not Too Late to Claim Employee Retention Credit

Thursday, March 31st, 2022 by Doug Sellan, Lauren Holt, CPA

What is the Employee Retention Credit (ERC)? The Employee Retention Credit (ERC), initially created by the CARES Act in March of 2020, is a refundable payroll tax credit for wages paid and health coverage provided by an eligible employer. This credit is available for qualified wages paid during the period March 13, 2020, through September […]

Need to Catch up on Your Dental Retirement Savings? Here’s One Way.

Tuesday, February 22nd, 2022 by Alan C. Hill, CPA and Lauren Holt, CPA

Dentists are increasingly getting a late start on saving for retirement. This is often because they are paying down school debt, financing a practice purchase, and so many other life/business matters. However, there’s a way to catch up these dental retirement savings, and even help to supplement the proceeds from a future sale of a […]

What You Need to Know About Private Practice vs. DSO

Monday, February 21st, 2022 by Tim G. Giroux DDS

DSOs are here to stay. They are spreading nationally, and many believe they will be the largest providers of dental services very soon. Why? The obvious reason is that dentistry can be very profitable and provide a steady return to investors. Why did it take so long for investors to jump into the business of […]

When Selling a Dental Practice, Make Sure You’re Following Expert Advice

Friday, January 21st, 2022 by Timothy G. Giroux

Recently, a retiring doctor perused the website of a large and trusted dental insurance company and found information relating to practice sales. Part of that information included letters for sellers to give to their staff to make sure the selling doctor would be in compliance with state labor law upon the close of sale. The […]

Dental Practice Financing in a Post-COVID Economy

Wednesday, January 6th, 2021 by Doug Sellan from PMA Practice Transitions

Whether you are a first-time dental practice owner or someone looking to expand, relocate or add an additional location, the options for financing dental practice in a post-COVID economy have never been this extensive. When it comes to the types of financing available for dental practice purchases, the most common options are conventional banks, Small […]

Your Multimillion-Dollar Decision

Wednesday, November 11th, 2020 by Earl M. Douglas, DDS, MBA, BVAL

If you’re a dental student or new graduate, you’re going to be faced with a multimillion-dollar decision soon. Would a difference of over $12 million dollars in a 30-year career make a difference to you? If so, keep on reading. I know you’re thinking, “What kind of stupid question is that? Of course, I would […]

Financing for Dental Practices Today

Monday, March 23rd, 2020 by ADS Transitions

Whether you are a first time practice owner or someone looking to expand, relocate or add an additional location, the options for financing today have never been more extensive. When it comes to the types of financing available for the purchase of a dental practice, the most common options are conventional banks, small business loans […]

Maximizing Your (Huge) Investment

Tuesday, February 20th, 2018 by ADS - Practice Transitions Made Perfect (TM)

In my career of helping dentists acquire their practices, obtaining financing is one of the bigger tasks. In previous years, I was dealing with the commercial brick and mortar banks that you pass on the way to wherever you go.

The $14,000,000 Decision Every Dentist Must Make

Tuesday, March 31st, 2015 by ADS - Practice Transitions Made Perfect (TM)

Suppose that when you begin your dental career that you will have to check a box like..

Terms To Consider During Practice Transition

Friday, October 24th, 2014 by ADS - Practice Transitions Made Perfect (TM)

If you ask a group of doctors the most important aspect of a practice transition, the majority will point to the purchase price. Too few doctors realize that the other terms of the sale have a dramatic financial impact on the final sales price. To achieve a successful transition, buyers and sellers must work out […]

The Hidden Investment Opportunity: Dental Practice Transitions

Sunday, March 23rd, 2014 by ADS - Practice Transitions Made Perfect (TM)

Sustainability & The Dental Practice

Wednesday, December 11th, 2013 by ADS - Practice Transitions Made Perfect (TM)

I was recently asked to serve on the “sustainability task force” at my church. Many organizations are asking members and constituents to sit down and focus on what factors may influence the long-term survivability of their organizations, and to make plans and recommendations to deal with those issues. This trend is not so much about […]

The State of Practice Transitions in Today’s Market

Sunday, December 8th, 2013 by ADS - Practice Transitions Made Perfect (TM)

Some of the frequent statements or questions I hear from dentists these days are – “I wish I could just be a clinician and not worry about running the business,” “What is the value of my practice?” “When is the right time to sell my practice?” and “What options do I have to practice after […]

Breakthrough in Retirement Withdrawals

Friday, December 6th, 2013 by Brian Hufford

Never has there been a time when retirees need good strategies to safeguard retirement income throughout a long retirement. The combination of increased life expectancy and near-zero income creates the need for a new retirement thought process. Currently, financial planners use a paradigm of “safe withdrawal rates” and “expected returns” for different allocations of stocks, […]

Hire An Associate? Long Transition? Partnership? Retire? I’m Confused!

Monday, December 2nd, 2013 by ADS - Practice Transitions Made Perfect (TM)

Baby boomers are perhaps the largest segment of full-time practicing dentists in the country today. Many are reaching a point where they need to decide how to transition out of their profession. We will briefly discuss some options during this important phase in your decision-making process. The goal is to arm you with 1,000 questions […]

Patient Relationship Building for Long-Term Practice Success

Tuesday, October 1st, 2013 by ADS - Practice Transitions Made Perfect (TM)

Ensuring patient satisfaction and investing their efforts into developing a more rewarding long-term relationship is a key effort for many dental providers and practices. There are several arenas in which dentists can work to increase patient satisfaction and ensure ongoing success and repeat business. Transparent Policies Having a booking policy that allows for the maximum […]

Good Estate Planning – Wealth Preservation

Monday, May 16th, 2011 by Kevin Shea

The DENTAL PROFESSION is not exempt from unexpected death or disability. What makes these unfortunate events even more tragic is when a doctor is not prepared. This column does not address the proper practice transition under death or disability, but focuses on how a complete estate plan will assure wealth preservation for you and your loved […]

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