Types of Dental Transactions
There are several types of dental transactions your practice might consider. These can include buying or selling a dental practice, entering into a partnership or associate arrangement, or even transitioning a practice from one dentist to another. Each of these situations comes with its own unique considerations and legal requirements. Retaining the services of an…
Do You Know the Value of Your Dental Practice?
Like any business, determining the value of a dental practice can be complicated. There are various factors you must consider, such as the practice’s financial performance, patient base, equipment and technology, location, and goodwill. Each of these factors can significantly affect the overall value of the practice. Additionally, the valuation process involves analyzing financial statements,…
Avoid Legal Pitfalls During Dental Practice Transitions
Dental practice transitions can create exciting opportunities or signify the closing of a chapter. In either case, transitions can involve stressful legal issues. Whether buying or selling a dental practice, you need a lawyer who can navigate the legal pitfalls that can arise during the transition process. One of the main challenges is ensuring a…
Associate Buy-in Deal Structures
Associate buy-in deal structures can be a complex and important aspect of any dental practice’s strategic planning. When considering the addition of new partners or associates, you establish clear guidelines and agreements to ensure the practice’s success and sustainability. By outlining the terms and conditions of the buy-in process, both the practice and the incoming…
The Federal No Surprises Act and its Impact on Dentists
The Federal No Surprises Act is legislation that aims to protect patients from surprise medical bills, specifically those resulting from out-of-network care. While this act primarily applies to healthcare providers such as hospitals and physicians, dentists are not exempt from its effects. The complications lie in the fact that dental treatments can often involve a…
Do I Really Need a Partnership Agreement for My Dental Practice?
Starting a dental practice can be a promising endeavor, but it also comes with its fair share of concerns and potential challenges. One important consideration is whether or not you need a partnership agreement for your practice. While not legally required, a partnership agreement can provide essential clarity and protection for all partners. This agreement…
DSO Versus Private Buyer Transactions
Dental Service Organizations (DSOs) provide support services to dental practices, such as staffing, administration, and marketing. When a dental practice wants to sell, they have the option to sell to a DSO or a private buyer. The decision to sell to a DSO or a private buyer can have significant implications for both the selling…
Keys to Maximizing Your Outcome in a DSO Affiliation
Affiliating with a Dental Service Organization (DSO) can be a complex process with many factors to consider so you maximize the outcome of the affiliation. From financial considerations to practice management strategies, dentists must carefully assess and approach the various aspects of a DSO affiliation. It is imperative to have a comprehensive understanding of the…
Is Private Equity Hurting or Benefiting Dentists?
Private equity involvement in the dental industry is a complex issue that has sparked debates among dentists and industry experts. On one hand, private equity investments can provide dentists with much-needed capital to expand their practices, invest in improved technology and equipment, and increase their patient base. Additionally, private equity firms may bring in expertise…
How to Sell or Partner with Private Equity
Selling or partnering with private equity can be a complex decision for dentists. On one hand, private equity investment can provide significant resources and capital to help expand and grow a dental practice. However, it also involves giving up some level of control and autonomy in decision-making. Dentists must carefully consider their long-term goals and…
How to Structure a Dental Partnership
Structuring a dental partnership can be a complex process due to the various legal, financial, and operational considerations involved. From determining ownership percentages and profit-sharing arrangements to addressing liability and insurance coverage, there are numerous factors that dental professionals need to carefully analyze and negotiate to ensure a successful partnership. Additionally, establishing clear roles and…
Consolidation of DSOs and Secondary Private Equity Sales
The consolidation of DSOs (Dental Service Organizations) and secondary private equity sales present complex challenges in the healthcare industry. DSOs are facing increasing pressure to expand and consolidate in order to meet the demands of a changing market. This consolidation involves various aspects such as merging practices, consolidating back-office functions, and navigating complicated regulatory environments.…