Practice Transition Support
We specialize in working with buyers who are seeking independent support for finding and evaluating alternatives, coordinating acquisition process activities, securing financing, and business planning.
We specialize in working with buyers who are seeking independent support for finding and evaluating alternatives, coordinating acquisition process activities, securing financing, and business planning. Our approach is tailored to your specific needs and our services are provided on a hourly fee basis.
This process actually begins the day you graduate from dental school. We’ll coach you on how to put yourself in the best position possible to acquire a practice, how to establish your ideal target practice criteria and how to make that all-important connection with a selling doctor. Most importantly, we’ll make sure you are ready for the big leap into practice ownership.
Acquiring a business is time-consuming and stressful. When added on to a normal work schedule, it can be overwhelming. We take a detailed project management approach to coordinating the multitude of activities associated with a practice acquisition so that you can focus your energy on the big picture.
We’ll coordinate the entire process for you – from your initial contact with the seller to final closing including selection of your “buyer team”, managing the seller’s expectations, due diligence, transaction structuring and legal documents, setting up your new entity, bank financing, staff assessment and hiring, marketing and communication, new equipment acquisition, vendor communication and building acquisition if applicable.
In considering a practice for purchase, it is important to know what you are buying. A practice’s value is a function of its cash flow stream which is generated by the brand, people, systems and processes in place. No practice will be absolutely perfect in every aspect. What is important though is to understand the upside potential and downside risk so that you can plan accordingly.
Our Due Diligence Review dives deeply into the value proposition, revenue, expense and statistical trends, as well as systems, processes and contractual obligations of a practice. From this detailed review, we’ll identify strengths, weaknesses, opportunities, and risks for your consideration. The result is key baseline data that will help you formulate your business strategy for making the acquisition successful.
Many times so much energy goes into negotiating the transaction that very little time and thought are given to “life after the deal.” This is definitely not the case if you work with Dental Practice Advisors.
You’ll begin your new ownership with the confidence that you need to be successful. We will provide you with a sound business plan and the marketing, leadership, human resource and financial management support to help you get a great start as a new owner.
We want to work with you to help your business succeed now and plan ahead to meet your future goals. Contact our experienced team at Dental Practice Advisors to get started!