Things to Look Out for When Selling a Dental Practice and Purchasing a Dental Practice
As you prepare to sell your practice or to purchase a dental one, it is important for you to understand what the steps are. To capitalize with such characteristics of the market, either if you are a seller or a buyer, it is neccessary to navigate through this jungle in smart and strategic way for long-term success on satisfaction. Selling a Dental Practice The value of a practice is the first step for dentists thinking about selling their practice. This includes reviewing of financial statements, the patient roster and examining the reputation of the practice in its community. With a comprehensive valuation, a realistic price can be determined that will ensure the best return on investment for sellers. Sellers should also consider who the buyer is, whether another solo dentist or a (DSO), and what this may mean for staff, patients post-transition. Further, getting a practice ready for sale can mean streamlining operations and making sure that everything from technology to patient files...