DENTAL PRACTICE TRANSITION ARTICLES: MOST RECENT

Selling

5 Quick Questions On Every Dentist’s Mind About A Post COVID-19 Practice

Thursday, May 21st, 2020 by Timothy G. Giroux, DDS

One thing for certain in our industry, nobody could have foreseen the impact and chaos that COVID-19 caused all of us. But, with that said, and as the dust of the pandemic’s initial assault settles, a lot of practice owners are coming out of their quarantines with questions about what the market is for those […]

Will COVID-19 Affect Practice Value?

Monday, May 4th, 2020 by Lisa Radman White

These are unprecedented times with dental offices closed for weeks and social distancing. Sadly, until 2020, social distancing was not a mainstream term. But here we are and social distancing is an everyday reality that permeates the news and our lives. What does this mean for your dental practice value going forward? The reality is, […]

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 […]

Use Downtime as an Opportunity to Add Value

Monday, March 23rd, 2020 by ADS Transitions

We are often asked by potential dental practice sellers what they need to do in order to get their practice ready to be sold. The following are: TEN TIPS TO PREPARE YOUR PRACTICE FOR SALE 1. PLAN AHEAD In today’s market, selling a practice is “easier said than done”. It is necessary for you to […]

Infection Protection in The Practice

Monday, March 23rd, 2020 by ADS Transitions

“No time like the present” has never been more appropriate than right now when it comes to protecting your practice from any form of an infection. And, while patient well-being is always first and foremost, there’s a secondary concern about an infection incident that can impact a practice – image and value. Anything that adversely […]

Price – It’s Not What It’s Cracked Up to Be

Tuesday, February 11th, 2020 by

The Pros and Cons of Selling to a DSO

Tuesday, February 11th, 2020 by

What is a self-respecting professional practice broker to say about the invasion of the dental industry by this no-longer-new business model? DSOs have taken a significant and growing percentage of the dental services industry, as detailed below. And while we all know the DSOs success has been punctured with controversy, significant clinical ethical lapses, and […]

Millennial Dentists & Changes in Dentistry

Tuesday, November 5th, 2019 by ADS - Practice Transitions Made Perfect (TM)

“MILLENNIALS” are people born between 1980 and 2005.1(p3) They’ve grown up in a much different world than previous generations and are already showing some very interesting tendencies as they enter the workforce. I’ve been brokering dental practices for 28 years, and it was traditionally assumed that most young dentists would go into private practices for […]

Change You Can Believe In

Tuesday, September 3rd, 2019 by Max Wilson

What are Some of the Best Ways to Sell a Dental Practice?

Friday, August 30th, 2019 by ADS - Practice Transitions Made Perfect (TM)

Successful Practice Transitions

Thursday, August 2nd, 2018 by Gary Schaub

Dental practice buyers and sellers may think that a sale is complete when the sale agreement is signed, the check issued, and handshakes completed. However, a successful transition needs much more work. Since 1984, I have sold over 250 practices. With this experience, I developed a practice-transition checklist. Results include the following: • Less than […]

Confidentiality: You Need It

Thursday, October 1st, 2015 by Lisa Radman White

“If you are a general dentist, the last thing you want is for your patients to know that you are looking to retire.” Recently a dear friend of mine was on “Master Chef.” This was someone who I’ve known for more than 25 years; we even help raise each other’s kids. Although I knew from […]

The Emotional Aspect of a Practice Sale

Tuesday, September 1st, 2015 by Dave Kasper

“If we think about it, nearly every notable purchase or sale we’ve been involved with during our lives has evoked a certain level of emotion. Whether it was the purchase of a toy as a child, or our first car or home as a newlywed, we often remember how we felt when the transaction occurred.” […]

The Dental Practice Transition Period

Sunday, December 28th, 2014 by ADS - Practice Transitions Made Perfect (TM)

There are many issues that have to be agreed upon in order to sell a dental practice. One of them is the transition period, which is the time from settlement to the time the seller leaves the practice. The purpose of this article is to address key points that should be considered in order for […]

10 Statistics Every Dental Practice Owner Should Review Daily

Friday, November 21st, 2014 by ADS - Practice Transitions Made Perfect (TM)

Dr. Joseph was a happy man when he sold his practice. His practice appeared to be merely “average” for the area. He got almost precisely his listing price, and not because he had a better location, newer equipment, or higher profit than many of his colleagues. The reason he got his price is because he […]

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 […]

Should I Sell My Building with My Practice?

Monday, July 28th, 2014 by ADS - Practice Transitions Made Perfect (TM)

It Can’t Be That Complicated

Wednesday, June 18th, 2014 by ADS - Practice Transitions Made Perfect (TM)

I once overheard a dentist say to one of his colleagues that selling a practice couldn’t be all that complicated. Obviously he had never been involved in the process. Basically, it’s like anything we do — the more we do it, the easier and less complicated it becomes. If it’s someone’s first and only time […]

When is the Best Time to List or Sell a Dental Practice?

Thursday, April 24th, 2014 by ADS - Practice Transitions Made Perfect (TM)

Most of our ADS Dental Practice Transition Specialists have over 25 years of experience in this industry and typically the best time to list your practice for sale is at the beginning of the year. The New Year brings a lot of resolutions and with it commitments to make big life altering decisions. Dentists who […]

The Hidden Investment Opportunity: Dental Practice Transitions

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

While speaking with a lender who does dental transition financing, he mentioned the great rate of returns a lot of corporations get by purchasing dental practices. He said that buying the right practices, even at fair market value, would result in rates of return as high as 15-20%. That is an incredible return rate for […]

Planning to Sell Your Practice on Your Own? Take This Test.

Tuesday, December 10th, 2013 by ADS - Practice Transitions Made Perfect (TM)

By Steve Jordan Before you try to sell your practice on your own, you need to take this test. Unless you are SURE of the answers, and why, you should rethink trying to sell without professional help. There will be lots of “tire kicker” prospects. Some you will know. T/F A classified ad in the dental society bulletin […]

10 Staff Considerations For A Smooth Transition

Monday, December 9th, 2013 by Randy Marie Daigler

The State of Practice Transitions in Today’s Market

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

by Frank J. Brown, JD, LL.M. (Taxation) 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 […]

The Associate Buyout

Wednesday, December 4th, 2013 by ADS - Practice Transitions Made Perfect (TM)

by Bill Avery, DDS, PhD As happens with most dental practice brokers, I frequently get calls from dentists who are considering bringing in an associate so they can eventually sell their practice to the associate and retire in a few years. For simplicity’s sake, I prefer the “sell and walk away” transition method where the seller […]

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 […]

How to Avoid Seller Remorse During Transition

Sunday, December 1st, 2013 by ADS - Practice Transitions Made Perfect (TM)

Most dentists look forward to retirement, even if they’ve had an interesting and rewarding career. However, in the rush to achieve their retirement goal, practitioners often fail to anticipate the changes that come with selling their practice and riding of into the sunset. Selling a dental practice is an emotional as well as financial step, […]

Preparing Your Practice for a Smooth Transition

Saturday, September 21st, 2013 by ADS - Practice Transitions Made Perfect (TM)

Many dentists never consider the business side of their industry until they are faced with buying or selling a practice. In many cases, dentists have staff or outside help to manage the intricate legal and financial side of their business. This is fine during the normal course of ownership, but more involvement becomes necessary when […]

How to Increase the Profits of Your Dental Practice Sale

Thursday, July 11th, 2013 by ADS - Practice Transitions Made Perfect (TM)

11 Steps to Evaluating a Dental Practice

Wednesday, June 5th, 2013 by ADS Dental Transitions

How to Increase the Value of Your Dental Practice

Tuesday, April 23rd, 2013 by ADS - Practice Transitions Made Perfect (TM)

There is a lot of misleading information about how to increase the value of a dental practice. Some of the more believable myths include cutting staff salaries/lab costs/rent, looking for that ever-elusive magical marketing campaign, adding newer equipment or trying to do what other successful dental practices are doing. Some of these ideas seem reasonable […]

Should You Sell the Accounts Receivable in a Practice Transition?

Tuesday, November 6th, 2012 by Infogenix

Preparing for a Transition

Sunday, October 2nd, 2011 by ADS Transitions

A recent article from Forbes Magazine/Forbes.com reviewed the ten highest paying jobs. Not surprisingly, topping the list was surgeons (averaging $225,390 per year). Of the top ten, seven spots went to medical professionals and two to dentistry, specifically Oral-Maxillofacial Surgeons (#3 at $214,120) and Orthodontists (#5 at $200,290). The article mentioned the specialized nature of […]

Sell Your Practice Now and Stay on After the Sale

Monday, July 25th, 2011 by ADS Transitions

What if you could sell your practice and office space at the FAIR MARKET VALUE and stay on after the sale, continuing to enjoy dentistry and earning a fair compensation for two to 10 years or more, depending on your age and exit timetable? Although an outright sale when the selling dentist exits the practice […]

Perils for Practice Transition: Double Taxation of Goodwill

Tuesday, January 25th, 2011 by Paul Rang

For most dental practices, goodwill constitutes the largest component of the practice’s value. A mistake in handling goodwill could cost you thousands or even tens of thousands of dollars in unnecessary taxes when you sell your practice. Giving Uncle Sam your hard-earned money in the form of unnecessary taxes is a costly mistake at any […]

Consider Taxes When Negotiating

Wednesday, December 22nd, 2010 by Keith White

We all know that DEATH AND TAXES are the only two certainties in life. We also know that when you sell a dental practice, chances are you are going to have to pay income taxes on the sale. What may come as a surprise is that the amount of taxes due can vary widely depending […]

A TAXing Decision

Tuesday, November 9th, 2010 by William P. Prescott

A Tax Attorney’s Advice to Dentists

Monday, January 4th, 2010 by Frank Brown

The Agreements Before the Agreement

Monday, August 3rd, 2009 by Steve Wolff

Dental practice sales are very difficult transactions. They typically involve a young buyer with limited experience in the world of business, and an older seller who has great concerns regarding the perpetuation of his or her legacy. To compound the problem, this is usually a once-in-a-career event for both parties, and neither party is very […]

Negotiating a Practice Sale

Monday, July 7th, 2008 by Bill Avery

In order to maintain the best possible relationship between buyer and seller during a practice sale, it’s important to have an intermediary or buffer such as a broker, attorney, or accountant to assist in the negotiation of the sale of the practice assets. Selling a dental practice usually requires some negotiation, and having this  intermediary […]

What Information Do You Need?

Tuesday, March 4th, 2008 by Tom Smeed

Not doing due diligence is not a good excuse for finding out poor decisions have been made. Too often, doctors interested in buying, selling, or transitioning a dental practice don’t look at all of the information they should to make correct decisions. My studies have shown that most doctors know what information they should obtain. […]

Boomers – Are You Thinking About Retirement?

Friday, February 1st, 2008 by ADS Transitions

Tax Consequences of Buying or Selling a Dental Practice

Monday, November 19th, 2007 by Roy Rice

Before buying or selling a dental practice, great care and planning should be taken to consider the TAX CONSEQUENCES regarding the allocation of the sale price to the various assets involved in the transaction. Typically, the group of assets that would be sold between the selling party and buying party would include dental supplies, furniture, […]

For Sale: One Dental Practice

Tuesday, April 3rd, 2007 by Gretchen Lovelace

With a book and a little bit of free time, it is possible for a dentist to perform his or her own electrical work. The problem with this approach to a dental practice sale is that disputes and liabilities resulting from the sale may be more significant than a blown electrical fuse or a little […]

What Happens When the Doctor Dies?

Wednesday, November 9th, 2005 by Evan Myers

In the course of a year, we will receive several calls from a grieving spouse or staff member, informing us that the doctor has suddenly passed away. The spouse or staff member has been given our name by other dentists, the dental society, the dental association, or the dental board. The question is always the […]

Have Your Cake and Eat It Too

Tuesday, June 1st, 2004 by ADS - Practice Transitions Made Perfect (TM)

According to recent ADA figures, only 6 percent of dentists in America today can comfortably retire at age 60. Such information is sobering and warrants the question: What measures are you taking to ensure the independence and freedom you desire upon retirement, particularly as you begin to approach retirement age? Most dentists are self-employed and […]

Staff and the New Doctor

Monday, July 1st, 2002 by John M. Cahill

The fear that existing staff will not stay with a new doctor after selling a dental practice is largely unwarranted in the majority of practice transitions. Although it could happen, it normally does not. Here’s why. When a new doctor buys an existing practice, the staff has two options: 1) Stay on (provided the new […]

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