Dental Practice Transition

Setting yourself up for a successful dental practice acquisition

Check out today’s article in DSO News from Dykema about setting yourself up for a successful dental practice transition.

From the article:

An ideal practice that would lend itself to a seamless affiliation with a DSO or acquisition by a qualified buyer for top dollar is one that meets the following criteria:

  1. Organized and accurate financials;
  2. Demonstrably high or growing profitability over a consistent time period;
  3. Properly documented commercial arrangements, such as equipment and premises leases and supply arrangements;
  4. Properly documented employment and compensation arrangements with dentists and key employees;
  5. Complying with best practices for dental procedures;
  6. Regulatory compliant with no recent lawsuit, incidents or investigations;
  7. Absence of third-party entanglements, and;
  8. Clear communication of critical deal points.

Continue reading the article by William J. Kohler and R. Craig Woods from Dykema on DSO News.