Acquiring an established dental practice is a significant milestone, but ensuring long-term success requires more than just securing the right location and patient base. New practice owners must surround themselves with a team of industry professionals who specialize in the dental field. These experts help navigate the complexities of ownership, from legal and financial considerations to insurance and compliance. Here are the key professionals every dentist should work with when acquiring a practice:
A dental specific attorney is essential in reviewing and negotiating the practice purchase agreement, lease agreements, and employment contracts. Unlike a general business attorney, one with dental experience understands the nuances of practice acquisitions, ensuring the terms protect your interests while complying with industry regulations. They also understand the industry and help structure agreements that minimize risk and future liabilities.
A practice transition consultant helps navigate the logistics of ownership transition, including patient retention strategies, staff integration, and operational efficiency. They ensure a smooth handoff between the previous owner and the new dentist, minimizing disruptions to the business.
Financing a practice acquisition requires more than just a business loan. A lender who specializes in dental practice financing understands the value of goodwill, patient retention, and practice cash flow. Dental lenders offer tailored loan structures with favorable terms, often including working capital, equipment financing, and competitive interest rates to support your growth.
An experienced insurance broker helps new owners secure the right types of insurance coverage,
including:
Choosing an insurance agent who understands dental specific risks ensures comprehensive protection.
A dental CPA helps evaluate practice value, manage cash flow projections, identify tax-saving opportunities, and assess the financial health of a practice before and after acquisition.
A dental CPA provides specialized financial expertise tailored to dental practices. They assist with:
A dental CPA ensures that you not only acquire the practice but also set it up for financial success.
Even when acquiring an established practice, technology upgrades may be necessary. A dental equipment and technology specialist helps assess existing equipment, recommend upgrades, and ensure seamless integration of digital systems like electronic health records (EHRs), imaging software, and patient management tools.
Acquiring a dental practice is a major investment, and surrounding yourself with the right team of professionals ensures a smooth transition and long-term success. By working with industry-specific experts including a dental attorney, CPA, lender, insurance broker, and transition consultant, new owners can mitigate risks, streamline operations, and focus on providing excellent patient care. Establishing this network early on sets the foundation for a thriving and profitable practice.
Call to speak with a Practice Specialist 800.497.6076
Bank of America, N.A. provides these articles for your discussion or review purposes only. Please consult your financial, legal, and accounting advisors, as neither Bank of America, nor its affiliates or employees provide legal, accounting or tax advice.
“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, derivatives, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. which is a registered broker-dealer and Member of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. is a registered futures commission merchant with the CFTC and a member of the NFA. Investment and Insurance Products:
| Are Not FDIC Insured | Are Not Bank Guaranteed | May Lose Value |
| Are Not Deposits | Are Not Insured by Any Federal Government Agency | Are Not a Condition to Any Banking Service or Activity |
Bank of America is committed to the protection of personal information we collect and process. For more information about how we protect your privacy, please visit (www.bankofamerica.com/privacy ). California residents may have additional rights and you can learn more at www.bankofamerica.com/ccpa-notice. Bank of America Practice Solutions is a division of Bank of America, N.A. Bank of America and the Bank of America logo are registered trademarks of Bank of America Corporation. ©2026 Bank of America Corporation. MAP# 8270012 | 02/2027
