Practice Orbit Blog
What things can I do now to increase the value of my dental practice?
Continue Reading navigate_nextPreparing your dental practice for sale is much like selling any other business. When you increase income and decrease expenses, the value goes up. Conversely, if you have high overhead relative to your collections, the value of your practice decreases.
The 2022 Dental Practice Sale Outlook
Continue Reading navigate_nextThe year 2021 will go down in the books as our “rebound” year—the year the dental industry clawed its way back to the new normal after COVID. Most dental practices experienced a robust rebound as patients came back after long absences from treatment. This led to increased collections, full schedules and, oddly, a challenging labor market. We expect 2022 to continue this trend and remain a strong seller’s market for those selling their dental practice.
How are dental practices valued?
Continue Reading navigate_nextThe prospect of selling a dental practice can be a bit daunting, but, like selling houses or cars or your old CBCT, if you know the process and what to expect it becomes much easier. Many times, doctors are selling dental practices that they have spent the better part of their lives building and nurturing. They wonder “What will happen to my staff?” and “Will the new doctor take care of my patients?” among a hundred other questions that come with selling something that means more than just what the accountants and suppliers see. So, let’s break down the basics of selling a practice. Understanding the basics will, hopefully, alleviate the fear of and potentially help prepare for that eventual day.
The Importance of Fit Between Buyer and Seller of a Dental Practice
Continue Reading navigate_nextYou like the Rolling Stones? I like the Rolling Stones too! Great, you’ll be a perfect fit for my practice! Maybe that’s a bit of a stretch when addressing this topic but finding the right fit when selling a dental practice is more than just a few
How do I sell my dental practice? How long will it take?
Continue Reading navigate_nextThe prospect of selling a dental practice can be a bit daunting, but, like selling houses or cars or your old CBCT, if you know the process and what to expect it becomes much easier. Many times, doctors are selling dental practices that they have spent the better part of their lives building and nurturing. They wonder “What will happen to my staff?” and “Will the new doctor take care of my patients?” among a hundred other questions that come with selling something that means more than just what the accountants and suppliers see. So, let’s break down the basics of selling a practice. Understanding the basics will, hopefully, alleviate the fear of and potentially help prepare for that eventual day.