We help you buy a dental practice the right way.
At DDS Practice Transitions, we are happy to assist buyers in purchasing a dental practice. Buying a dental practice is among the most important decisions of your career. We are here to help buyers identify a dental practice to purchase and facilitate a seamless transition in a stress free manner.
Our Services to Buyers
Our buyer services are broken out into four key stages of a dental practice acquisition. Read more about our process below.
(1) Identify a Dental Practice
=> We will help you locate a practice to acquire that fits your unique background and experience. In connection with that effort, we will discuss in detail with you the Key Quantitative and Qualitative Considerations for Dental Practice Buyers.
=> We will let you know whether the dental practice at the current price is fair and whether we recommend moving forward with further diligence.
=> We will analyze multiple dental practices with you until you find the right fit!
(2) Submit Letter of Intent & Engage Advisors
=> We will assist you in securing the best financing available in the industry.
=> In coordination with your dental attorney, we will submit a letter of intent (LOI) for the practice and assist with negotiating terms.
=> We will introduce you to dental attorneys, dental CPAs, and dental lenders that fit your specific needs.
=> We will introduce you to dental attorneys, dental CPAs, and dental lenders that fit your specific needs.If you decide to move forward, we recommend a dental practice valuation be performed by a Certified Valuation Analyst (CVA) that is also a CPA specializing in dental practices. We have third-party CPAs/CVAs that we’ve already negotiated discounted rates with to assist you.
(3) Due Diligence
=> Assist with the legal, financial, and clinical diligence.
(4) Closing & Post-Closing
We will help you transition into practice ownership and share with you our own practice ownership checklist. Some of the many things to do before the keys are handed over, include:
- Entity formation (ideally, this should be set up early in the acquisition process)
- Obtain federal EIN for new entity
- Setup business checking accounts
- Obtain insurance (e.g., dental malpractice, general liability, workers’ compensation, and life)
- Obtain licenses (state and local)
- Insurance credentialing (provides you access to insured patients and payment from carriers)
- Notify existing patients of new ownership
