The on-site visit allows the doctor and the Transition Advisor to meet so the Advisor can tour the office, take photos of the practice, answer any questions, and explain what’s required to take the practice to market. In addition, this is an important time for the doctor to explain their treatment and practice philosophy and discuss the doctor’s team members. Most importantly, the Advisor wants to understand the doctor’s goals, so they can work together to build a transition plan. As an example, is the doctor looking for a short transition or would they like to continue to work in the practice? 

US Dental Transitions requires a completed Practice Summary packet, 3 years of Tax Returns/Financials, and a Production by Procedure Code report. Once we receive this information, it will take approximately 7 business days to complete the core components of the practice valuation.

Your Transition Advisor will draft the advertisement and review the ad with you prior to it being published. Ads are published on various sites/journals. In addition, we will contact doctors who have previously requested information for the area via email, phone calls, and other marketing efforts. We have a database of over 125,000 dentists.

All buyers are required to sign a non-disclosure questionnaire prior to seeing or discussing any practice data. For larger practices, buyers may need a bank pre-qualification prior to sharing confidential information.

We will introduce the seller and the buyer, tour the office, and discuss the practice and seller’s philosophy. If the buyer is interested, a Letter of Intent (LOI) is drafted and presented to the seller. If the LOI is accepted, the buyer’s due diligence period begins. Simultaneously, there is a contract term agreement, formal bank approval, and other steps to close the sale.

Since every practice transition is different, your Transition Advisor will provide recommendations based on your specific situation. You will be guided through this process with suggestions on how to transfer relationships with staff and patients to the new provider to ensure a smooth transition.