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Tips for dental practice transitions

Julie Gruver

 

Dental Practice Transitions: Do your research, hire an expert team and make a well educated purchase.

 

Dental Practice Transitions - Don't Get Emotional!

Are you thinking about or planning to purchase a dental practice?  Hire an expert team and obtain a second opinion if necessary.

 


Now is the time to ensure your investment

Once you have a practice or location in mind, do research.  It is about more than only the numbers!  Know what works best for you, your future and what you are about to take on.  Negotiate your asset purchase agreement (APA).

 


Don’t forget about the little things

Be sure to include a documented plan for the practice transition, and following months with a time table of action items.  The landscape has changed drastically during the pandemic and continues to be a challenge facing the dental industry (whether is be staffing or supplies).

 

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