Basics of Buying A Dental Practice – An Educational Webinar for Colorado Dentists

Are you a dentist looking to take the next step in your career? Join us for an online webinar, where we will cover the basics of buying a dental practice, the four keys of lending for practice acquisition, and helpful strategies and tips for buying a practice. Our expert speakers will guide you through the process, ensuring you feel confident and prepared for your transition.

A COMPREHENSIVE LOOK AT THE CURRENT MARKET OF BUYING A PRACTICE PRESENTED BY INDUSTRY EXPERTS

This event is for dentists who are considering buying a practice in the near future. In this course, you will learn about the legal, financial, logistical, and emotional aspects of buying a dental practice. Our team of experts will lecture and conduct Q&A sessions on the following topics:

• What to expect: The sequence of a dental practice transition
• Steps to purchasing a practice
• “Value vs. Price”
• The importance of Purchase Price Allocation
• 4 Keys of Bank Lending for Practice Acquisitions: Loan to Gross Ratio (How much the borrower can get), Liquidity (How much lenders like to see in “reserves” for a borrower), Production (How lenders make sure that the new owner will hit the ground running), Cash Flow (What it means and how it is calculated)
• Real estate issues that must be addressed

Presenters:

Kevin Brady, Omni Practice Group – Kevin has been providing support in the dental community for over 30 years. He has been advising dentists as the Sr. Vice President of First Pacific Corporation with innovative business and technology solutions to assist with managing their practices more efficiently, increasing patient care, and achieving maximum productivity. He also helped numerous clients plan and execute successful transitioning of their practices.

Kevin is a Certified Real Estate Broker in Colorado who holds a BS degree in Marketing and a minor in Economics from Utah State University. He has spoken at numerous dental study clubs in multiple states and is an expert in dental business solutions and transition planning.

As a Transition Consultant/Broker at OMNI Practice Group, Kevin has served alongside the OMNI team of experts in guiding dentists in developing customized plans for their smooth practice transitions.

Matt Kroeker, Bank of America – Matt Kroeker SVP, Regional Business Development Officer Matt is the Regional Sales Manager for Bank of America Practice Solutions for Colorado and Wyoming, helping our doctors start or acquire a practice, purchase real estate or equipment, and evaluate a practice’s overall financial health. Matt has been with Bank of America since 2011 in various roles of leadership, real estate lending, and medical lending. Matt is a two-time Pinnacle Club award winner. Matt currently resides in Aurora, CO, with his wife Sarah, his son’s Bryce and Brady, and daughter Kinley. In his free time they keep him busy with sports and other activities.