Do Your Due Diligence Before Dental Practice Sales: Reviewing Patient Charts

Performing due diligence on patient charts can be a big undertaking before dental practice sales, but it should not be overlooked. By examining the charts, you can tell what type of dentistry the seller performs, how the practice cares for and follows up with patients, how patients are scheduled, and how the practice makes financial…

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Due Diligence: Dental Practice Scheduling

Dental Practice Scheduling is Important

Once you have a signed Letter of Intent, it’s time to take a closer look at your potential new acquisition’s dental practice scheduling. After all, due diligence is one of the most important aspects of preparing for a successful dental practice acquisition. There are several important indicators that offer insight into practice performance. In this…

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Happy Halloween from IPS!

Happy halloween, everyone! I cannot believe that we’re almost through October. This is one of my favorite times of the year. It’s always a relief when the days start to cool down, the leaves start turning, and the days begin to get shorter. As we reflect on these seasonal cycles, I think it’s a good…

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3 Steps to Financial Due Diligence for Better Dental Practice Sales

Dental Practice Sales require financial due diligence

Dental practice sales are complex transitions that require multiple steps. Once you have a signed Letter of Intent, it’s time to take a closer look at your potential new practice. Due diligence is one of the most important aspects of preparing for any successful dental practice sales. There are several important indicators that offer insight…

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Building the Best Dental Practice Team After the Close

What to know about your new dental practice team

So you’ve done your due diligence and you’re just successfully closed on your new practice and you’re excited to build your dental practice team…but you’re also nervous about how the new patients (and any potential staying staff) will react to you. In this blog post, I’d like to share one of the most important…and most…

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Ownership’s 2 Best Options: Solo Dental Practice or Partnership?

solo dental practice or partnership? Which to choose?

When you’re thinking about buying a dental practice, there are two primary paths to ownership: a solo dental practice or partnership. Will you buy 100% of the practice or less than 100%? We are all familiar with these ownership models, especially as group practices gain popularity. 30 years ago, nearly all practices were operated by…

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Best Clinical Styles after Dental Practice Acquisition

Understanding successful dental practice acquisition means also understanding that we all have different clinical styles and beliefs. Finding a practice that is close to your style can make the transition much smoother. That being said, in my experience, almost any dentist can work in almost any practice … and transform almost any enterprise to their…

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Preparing to Buy a Dental Practice: Setting Financial Goals

While closely related to personal goals, financial goals deserve a blog post of their own. When you are thinking about buying a dental practice, it is important to understand how your personal finances can affect your ability to get a loan and live the lifestyle you want. Dental practices pay for themselves. This makes the…

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Setting Your Personal Goals for Buying a Dental Practice

Are you ready to buy a dental practice? There are many factors that play a role in this important decision: personal, financial, and clinical. This post will focus on the personal aspects of deciding whether to purchase a dental practice. Click here to read our guide to buying a dental practice. Buying a dental practice…

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Interest Rates & Practice Values

You may have seen it in the news: interest rates are about to go up. And if you’re thinking about buying or selling a dental practice in the next few years, it’s time to pay attention. This is the first in a series of blog posts exploring the market forces that drive dental practice values.…

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