-
1 month ago | 
decisionsindentistry.com | Art Wiederman |Chip Fichtner
Share This episode is sponsored by:In this episode of “The Business of Dentistry,” Art Wiederman interviews Chip Fichtner, President and CEO of Large Practice Sales, the largest transition company helping dentists find the right partners in the DSO world.
-
Jan 17, 2025 | 
dentaleconomics.com | Chip Fichtner
MoneyDentists’ concerns over invisible dental support organization (IDSO) partnershipIDSO partnerships are revolutionizing the dental industry, offering dentists a unique opportunity to build generational wealth while retaining control of their practices.
-
Dec 5, 2024 | 
dentaleconomics.com | Chip Fichtner
ID 138730561 © Adonis1969 | Dreamstime.comMoneyTax StrategiesDeath, taxes, dental practices: The power of diversificationThe October 15 tax bill is paid, which means the tax agony is over-for now, anyway. It is time to think about making money instead of giving it to our bloated bureaucracy. The spend-happy politicians just delivered a record $1.83 trillion US federal deficit for 2024's fiscal year. Undoubtedly, there will be repercussions for this.
-
Jun 5, 2024 | 
decisionsindentistry.com | Art Wiederman |Chip Fichtner
Share In this episode of The Art of Dental Finance and Management,” Art is joined by Chip Fichtner, co-founder and principal of Large Practice Sales.
-
Mar 27, 2024 | 
dentaleconomics.com | Chip Fichtner |Roger P. Levin
Practice values in an IDSO partnership vary, and timing is an important factor. With over 1,000 IDSOs and DSOs in the US, values can change significantly depending upon who wants what, when, where, and why. LPS’s highest value transaction in 2023 was due to the fact that a specific IDSO needed a unique practice like our client’s to fulfill their promises to investors. This client achieved about a 50% premium over offers he had been attempting to negotiate on his own.
-
Mar 27, 2024 | 
dentaleconomics.com | Roger P. Levin |Chip Fichtner
There are many philosophies about selling your practice to a DSO, ranging from “never for any reason” to “it’s the greatest opportunity you will ever have.” This article is not about philosophy, but making a smart business and life decision that fits each individual practice owner.
-
Feb 20, 2024 | 
dentaleconomics.com | David Phelps |Joshua Austin |Chip Fichtner |Ty Ramsey
For investors who want to step away from practice (and reduce their reliance on practice income), it is vital to have a financial plan that does not rely on accurately predicting the future. What if markets don’t grow over the next decade? Investors should beware of linear extrapolation, or the temptation to believe that the future will follow the recent past. The last 40 years have been an era of declining interest rates and market growth, ending in the historic lows of 2020–2021.
-
Feb 19, 2024 | 
dentaleconomics.com | Ty Ramsey |Joshua Austin |David Phelps |Chip Fichtner
As a wave of consolidation sweeps across the industry, dental entrepreneurs are increasingly gravitating toward dental service organization (DSO) partnerships, motivated primarily by the work-life balance advantages and the financial opportunities. The focus on finances is understandable because, with the right DSO partner, the monetary benefits can be substantial for practice owners, both up front and in the future.
-
Feb 14, 2024 | 
dentaleconomics.com | Chip Fichtner |Dmitry Edelchik |Pascal Magne |Roger P. Levin
Invisible dental support organization (IDSO) partnerships with dental practices of all types continued to accelerate during 2023. Many LPS clients achieved new, record-high values. A large influx of new IDSO bidders empowered by billions of dollars of fresh global, institutional capital drove values up.
-
Feb 9, 2024 | 
dentaleconomics.com | Pamela Maragliano-Muniz |David Rice |Chip Fichtner |Dmitry Edelchik
Embarking on a partnership with a dental service organization (DSO) can be a daunting decision for dentists, fraught with uncertainties about autonomy, practice dynamics, and professional perception. Will patients and peers view the move as "selling out"? In this episode, hosts David and Pam engage in a thought-provoking discussion with Chip Fichtner, CEO of Large Practice Sales, to explore the intriguing concept of invisible DSOs (IDSOs).
