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, […]
Dentists (sellers and purchasers), bankers. and brokers all want to know the value of the dental practice in preparation for a transition. Many dentists want to know if there is a down-and-dirty short cut using a simple formula to determine practice valuations. Dentists have heard or read about the price to gross ratio (the percentage […]
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 […]
If you’ve ever watched one of the popular trauma ER documentaries, you’ve probably thought, “I’m glad that wasn’t me!” After reading these actual practice purchase traumas, you may think, “I’M GLAD IT WASN’T ME.” FUTURE SALE DATE: A practice had $300K collections. Nearby, a young dentist agreed to buy the practice to merge it into […]
(Please note that the following article is not intended to be a legal opinion or to address other legal issues that might arise in the case of marriage dissolution. Typically, divorce law is governed by state statute and state legal precedence. Accordingly, one should seek competent legal advice from an attorney familiar with marriage dissolutions.) […]
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 […]
