Dental Practice Brokers
We understand firsthand the excitement and stress that the process can entail. The key to searching for the ideal practice to purchase is having access to the most current and a comprehensive list of available dental practices.
Buying a Medical Practice
We regularly interact with dental specialists considering selling practices and are often aware of available practices well before there is any official listing.
We recommend prospective buyers contact us early in their search so that we can get an understanding of their ideal practice and keep them in mind should something come available that might be a fit.
How to Buy a Dental Practice
Consider your Dental Practice Transition Options
There are many different ways to transition a dental practice including variations in the timeline, ownership structure, payout, and more. We are well versed in many different structures. We can help searching dentists find associateships, help associates partner with the current ownership, and many other options.
Confidentiality throughout the practice transition process
Confidentiality is essential to dentists both while they are searching for a practice and throughout the transition process. During the search dentists need assurance of confidentiality as to not interrupt their associateship or negatively impact other industry relationships. During negotiations and the transition, it is important that confidentiality remain in place until the appropriate time to ensure the transition goes smoothly with the staff and with the existing patient base.
We understand confidentiality is paramount in protecting the value of your business. All buyers who choose to review your practice are all put under a Non-Disclosure Agreement (NDA) before any identifiable information about the practice is ever shared.
Access to information is highly controlled using secure data room software. After years of experience working with both buyers and sellers, we have gained an understanding of how to properly notify various parties at the appropriate times. We understand and maintain confidentiality throughout our dental practice transitions and dental practice sales and help all involved parties do the same. Typically when we sell a practice the staff remains unaware of the transition weeks afterward.
Evaluating a Dental Office for Sale
Dental Practice Brokers
Maximize Value during a Dental Transition
One benefit of buying an existing dental practice is the instant revenue provided by the existing client base. Thomas Allen Practice Transitions Group understands the proper approach to maximize patient retention through a dental transition or the sale of a dental practice. Some key factors include: the delivery of the disclosure of the transition to staff and the public, the dynamic of the relationship with the previous practitioner, and the compatibility of the purchaser with the seller and the practice.
Defining Your Target Practice
Clear Guidance and Realistic Expectations throughout the dental practice transition. We believe every transaction’s success hinges on understanding the goals of both parties and communicating clearly throughout. We foster an honest and extensive dialogue between buyers and sellers in the hopes of setting up a smooth transition. Having determined what our client is seeking, we give accurate guidance based on both the facts of the situation and our experience with practice transitions. This approach to practice sales and transitions creates realistic expectations and limits the likelihood of disappointing surprises that can occur otherwise.
Protections to ensure a smooth transition into your new dental practice. You may encounter issues or have questions that require expertise and reliable answers following the practice purchase and or during the transition. Thomas Allen Practice Transitions Group remains an ongoing resource for both the buyer and the seller throughout the transition to help ensure things go as planned. We have a reputation in the industry and will do our best to protect it through ensuring your transition goes smoothly.
Interested in Purchasing a Dental Practice?
If you are considering owning a practice and would like to further consider options for a dental practice transition or the purchase of a dental practice, please contact us today. In addition to helping you determine the appropriate next step and which transition options are best for you, we can help you to better prepare for a transition by connecting you with different specialists who can help you be better positioned as you approach a prospective practice.