Category Archives: General
I’m excited to announce the upcoming release of Season 3 of the Practice Purchased podcast, coming up on April 27th. I’m joined this season by dental lawyer Ashley Garbe Smith with AGSDentalLaw.com. As I’ve said many times before, having a dental-specific lawyer for your transition is vital, and when you listen to my conversations with Ashley, you’ll […]
Quick! What percentage of all the dental practices in the US would you estimate are affiliated or owned by a DSO or “Investor Group”? 20%?. . . 30%? After doing some research for this article, I asked my son’s orthodontist this question. He thought that 50% of all dental practices are owned by DSOs. 50%!? […]
My wife and I moved to a new area recently so we needed to pick a new dentist. Our new house is in one of the most heavily dentist-saturated areas in the states – Utah. Google Maps says that within two miles of my house I have 23 general practitioners to choose from. (23!? Sheesh.) […]
I had a client ask my opinion on using their local attorney who does a lot of business transactions and has helped with several dental deals in the past compared to a traditional ‘dental-only’ attorney. Is it ALWAYS the best idea to use a dental-only attorney when buying a dental practice? It’s a really good […]
A buyer I’m currently working with found a good practice for sale and asked for my help with the analysis and LOI. The target practice is solid, collecting $680k last year with overhead around 62% and a decent amount of hygiene in a rural area of the country. One problem. The price. Wait…scratch that. That’s […]
You already know that dentists, including military dentists, need 5 Things to Buy a Dental Practice. But one of those things is a production history, which military dentists have traditionally had a hard time proving to banks to qualify for a loan. The credit and experience requirements are typically no issue, and most military dentists […]
Episode 5 of the Practice Purchased Podcast “How to Choose an Accountant to Help Buy a Practice” is now live! Listen to it here. I’d love for you to listen and provide any feedback you have. I also was a guest on one of my favorite dental podcasts, Dentist Money. You can listen to that […]