Broker
Resource Library: Transitions
Make smooth ownership transitions that keep your team and patients confident.
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Communication is the Key to Successful Dental Practice Transitions
By Brannon Moncrief of McLerran & Associates As dental practice brokers, we are often asked “What is the most important factor in facilitating a successful dental practice transition?” The simple answer is: Communication. While it is imperative for the buying doctor to build a strong team of advisors, complete due diligence on the practice, secure financing, and navigate… -
Associate to Purchase: Is this the right dental transition strategy for your practice?
By Brannon Moncrief of McLerran & Associates As a dentist nears retirement age, it becomes important to address the best way to transition ownership of the practice. One popular option is to bring an associate into the dental practice for sale with the expectation that he or she will purchase the practice at a predetermined date… -
The Dental Practice Appraisal – A Powerful Tool in the Transition Process
By Brannon Moncrief of McLerran & Associates While there are several “rules of thumb” that dental practice brokers typically use to help their clients gain a general understanding of the fair market value of their practices, a formal dental practice appraisal can serve as a valuable tool in planning for a practice transition and negotiating with… -
Maximizing Patient Retention during Dental Practice Transition
By Peter Almonte, JD, The Almonte Fallago Group The manner in which a dental practice transition is handled can cause the buyer financial hardship, or create an environment for the buyer’s success. Here are our tips from your Dental Practice Brokers to ensure a smooth transition of the seller’s patients to the buyer. 1. Introduction to the staff,… -
Planning an Orderly Transition for the Multi-Partner Dental Practice
By Peter Almonte, JD, The Almonte Fallago Group Take from our experienced group of dental practice brokers… when a dentist retires from a group practice, it presents challenges for the retiring dentist as well as the remaining dentists. The retiring dentist wants to obtain a fair price for his interest in the dental practice for sale…. -
Dental Practice Transitions: The Planning Process
By Sean P. Hudson, Hudson Transition Partners Just like everything else in life, the key to a successful dental practice transition is to have a plan and to plan early. Many times by the time a doctor comes to me there is already a significant reduction in their practice’s value. With good intentions, they have cut…