Dentistry, as a business, is in a period of flux today. Retiring dentists want to maximize the sale value and aren't sure where to find a strong buyer. Mid-career dentists want to grow beyond the traditional single office practice. Associates seeking financial predictability aren't sure if private practice will provide it. And Institutional dentistry (DSOs, DPOs) are driving up valuations, but often with complex deal terms. Amid this landscape, the Dental Practice Sale podcast is intended to provide it's listeners with (1) education and seller stories and (2) insights into how the www.practiceorbit.com platform can help these various parties operate more effectively together in it's online marketplace.
The prospect of selling a dental practice can be a bit daunting, but, like selling houses or cars or your old CBCT, if you know the process and what to expect it becomes much easier. Many times, doct…
In this weeks episode, Dr. Jungman walks us through the experience of buying into his parent’s dental practice and then dropping Delta Dental In-Network PPOs. Today his practice is more profitable an…
In this episode of The Dental Boardroom Podcast, host Wes continues his deep dive into dental partnerships, focusing on the potential downsides. Following the previous discussion on the advantages of…
Episode Summary:
In this episode of The Dental Boardroom Podcast, host Wes Reid kicks off a six-part series on dental partnerships. Whether you’re in a partnership or considering one, this series is p…
Episode Summary:
In this episode of the Dental Practice Sale Podcast, Wes Reed dives into a key question for dentists looking to sell their practices: Should you use a broker? Wes offers a fair and ba…
What are the most common delays that prolong a practice sale?
In general, the people who hold up deals are banks and landlords.
But there are steps both buyers and sellers can take to prevent these del…
Once a dentist makes the decision to sell their practice, they want it done yesterday.
So, how long does a practice sale usually take? What can you do to accelerate that timeline?
On this episode of t…
When is the best time to sell your dental practice? What factors should you consider to get the best price for your practice and have the best quality of life in retirement?
On this episode of the Den…
You’ve worked so hard for so long to build a private dental practice in your community. But now you’re thinking about exiting the business.
So, how do you know when it’s time to retire? What can you d…
Do you need to solicit a formal valuation for your practice? Or can you leverage other resources to get a general idea of its appropriate list price?
On this episode of the Dental Practice Sale podcas…
You cannot sell a dental practice without clean books. And you definitely shouldn’t buy a practice without having an accountant evaluate its potential profitability.
But a good dental CPA has value be…
Every dental practice sale involves several legal documents. And that’s why an attorney is a crucial part of the transition team for both buyers and sellers.
But what, exactly, does a dental attorney …
What role does escrow play in a dental practice transition? How does it benefit buyers and sellers alike?
Should you use an escrow for your practice sale?
Matt Odgers is a Dental Attorney with Odgers …
There’s a misconception that DSOs allow private equity to swoop in and take profits away from dentists.
But Emmet Scott argues that clinicians are in the driver’s seat of these Dental Support Organiza…
We’ve seen a consistent trend toward consolidation in the dental space for the last 15 years. But coming out of the pandemic, the DSO marketplace is changing.
And if you’re thinking about selling your…
The private equity behind DSOs is willing to pay a premium for dental practices.
But when it comes to selling your business, there’s more to think about than just economics.
So, what’s the upside of se…
Yes, there are many benefits of being the sole dentist in a private practice. But there are also many risks.
When you go on vacation with your family, production stops. And if you get hurt, the show i…
If you’re buying or selling a dental practice, who do you need on your transition team?
On this episode of The Dental Practice Sale Podcast, your hosts Wes Read and Matt Odgers discuss the professiona…
A letter of intent or LOI initiates the dental practice sale process, signaling that a buyer is serious about taking the next steps in the transaction.
So, who drafts the initial letter of intent? Sho…
The letter of intent or LOI is a legal document that outlines the preliminary terms of a proposed offer to acquire a dental practice.
So, what are the terms every LOI should include in a dental practi…