Buying a Practice

Overview of Buying a Dental Practice

Curious about the process of buying a dental practice? Frank Sciabica, DDS, Practice Transition Advisor, Goes through the general steps so you know what to expect.

Building a Dental Practice FAQ

Steve Kikikis, Healthcare Real Estate Broker, answers 3 of his most frequently asked questions – How long does it take to build out a dental practice, how much does it cost, and how can you save money?

What Happens to Accounts Receivables in a Practice Sale

Kevin Brady discusses the ways Accounts Receivables are transitioned in a dental practice sale.

Want Your Own Practice, But Don’t Know Where to Start?

By Megan Urban

The decisions you make now will impact you and your income today and in the future. We are here to assist you to make the best decisions for you and your family.

Gather your team of trusted advisors.

• Start with your Transition Advisor and they can recommend dental-specific banks, attorneys, and CPAs to guide you every step of the way. We’ve done this many, many times, and want to share our experience.
• We understand money is a concern, but decisions you make now can equate to thousands of dollars that you may never recoup over your career, so gathering your team of trusted advisors is priceless.

Your Transition Advisor can help you:

• Understand the practice and the purchasing process.
• Assist you to do a chart audit and other due diligence to determine the cash flow and if it is the right practice for you.
• Work with your other advisors to set up the best entity for your practice, acquire solid financing, and ensure all necessary documents and contracts are in place.
• Make a plan to retain patients and team, and implement processes and procedures to help you to increase production and collection, as well as reduce stress.

We can help you with the process of buying a dental practice. Contact us today!

Why it May Be Okay to Overpay for a Veterinary Practice

Jim Vander Mey, CPA, ABI, is a Senior Veterinary Practice Broker with OMNI Practice Group, as well as a Certified Public Accountant. In this video, Jim explains the cost of waiting to buy a veterinary practice. You may be surprised how much money you could lose out on by waiting to buy, even in 2020, and why overpaying for a veterinary practice now can end up saving you $$$ in the long run.