Dental Practice Mergers & Acquisitions
Thinking about taking the next step toward retirement and want to leave your practice in the hands of a capable dentist who shares your practice philosophy? USDT provides transition consulting services for sellers who want to merge or have their practice acquired.
The Basics of a Dental Practice Merger
The process of a dental practice merger is when one practice acquires another and integrates both practices' clients into one business. For older dentists closer to retirement, integrating into a practice that is expanding is a great way to slowly transition out of your daily routine. This works by having the selling doctor come on as an associate to the purchasing doctor, and cutting back hours as their retirement date approaches. Many of our clients who use this process to sell their practice find that their customers also appreciate the prolonged introduction to the new practice owner.
Consider a Practice M&A to Transition to the Next
Stage of Your Career
- For experienced dentists who are in the middle of their careers, considering an acquisition or merger with another dental practice can be an excellent option if they want to make more money without increasing costs significantly.
- For late-career dentists who are beginning to consider retirement, selling their practice to a dentist who shares a similar practice philosophy via a merger or acquisition can be an attractive option to help insure they’re leaving their life’s work in the hands of a capable, new dentist.
Benefits of Acquiring or
Merging Dental Practices
- For dentists who want to expand their practices, dental practice acquisitions or mergers are one of the quickest and most effective ways to increase profit for an established dental practice.
- In addition to increased yearly production, merging also adds considerable equity to your business immediately with an increased patient count.
- Obtaining new patients without the risks of wasting advertising costs through nonproductive channels.
- Getting highly active patients who have been receiving regular treatment for decades. Many of whom are happy to have a quality dentist and are agreeable to paying fair premiums.
- Incorporating hygiene patients who may need to be educated about a more comprehensive plan for their dental care. This creates a happier and healthier patient base immediately, while generating revenue from bigger procedures.
- Having a highly experienced dentist come on as an associate can be a valuable resource for the purchasing doctor. They can teach you the secrets they have learned from years in the business and give you personal insights into your new customers.
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