Our experience and expertise in the area of dental practice valuations, transitions, associations and partnerships adds tremendous value to our clients. Most dental professionals tell us that this part of the business can be confusing and intimidating, and therefore is often neglected. Formulating a business transition plan can significantly add to the client’s financial well-being.
First, we help our clients assess the viability of transitioning a portion or the entire practice. In this process, we identify key factors and benchmarks that must be in place in order to allow for successful transitions.
Next, we develop a plan for the transition that fits the client’s vision. This typically varies between associateships, partnerships or outright practice sales.
Finally, when the business and owner are fully prepared for a transition, we provide our clients with a practice valuation prepared by a Certified Valuation Analyst (CVA). In addition to establishing the “value” of the business, we propose the structure and manage the timeline of the deal from agreement on price to the closing of the transaction. During this process, we address many issues that must be structured correctly including entity formation, financing, insurance, partnership agreement provisions, etc. We draw on our expertise to provide our client, their employees and patients the efficient business transition they all desire.
For greater detail on how our dental business planning services can help you, we invite you to call us today!