Profitable Endo Sells to DPO – Dr. Young’s Story
- Author
- A Practice Orbit Podcast
- Published
- Fri 09 Jun 2023
- Episode Link
- https://the-dental-practice-sale.captivate.fm
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 is over.
That’s what inspired Dr. Jeremy Young, a successful endodontist based in Grass Valley, California, to sell his practice to US Endo, a dental partnership organization or DPO headquartered in Irving, Texas.
On this episode of The Dental Practice Sale Podcast, Dr. Young joins Wes to share the story of buying and growing his endodontic practice in Grass Valley and explain how he decided to join US Endo.
Wes describes what differentiates a DPO sale from a DSO sale, and Dr. Young opens up about the mistakes he made in sharing the news of the sale with his team.
Listen in to understand how joining a DPO impacts the day-to-day operations of a dental practice and learn how Dr. Young became a part of US Endo’s leadership team when a neuromuscular disorder forced his early retirement from endodontics.
Topics Covered
[0:42] Dr. Young’s transition from being an associate in Folsom to owning his own endodontic practice in Grass Valley, California
[5:02] Why Dr. Young sold his thriving Grass Valley practice to US Endo
[11:37] How an equity swap gives the practice seller ownership in the purchasing DPO
[17:11] What differentiates a DPO sale from a DSO sale and the top lessons Dr. Young learned about selling to a DPO
[22:02] Why Dr. Young’s S Corp remains in place even after his practice was sold to US Endo
[24:55] The mistakes Dr. Young made in talking to his team about selling to a DPO
[31:12] Why there was little change in Dr. Young’s day-to-day operations after selling to US Endo
[35:12] How Dr. Young became a part of the leadership team at US Endo after developing a neuromuscular disorder in his dominant hand
Connect with Dr. Jeremy Young
Connect with Wes Read, Matt Odgers & Drew Phillips
Email [email protected], [email protected] or [email protected]
