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Apr 30, 2024 | 
dentaleconomics.com | Ryan Mingus |Kevin Cumbus |Roger P. Levin |Mark Kravietz
As dental consolidation continues to move forward, a natural maturation cycle takes place. In its early stages, dental consolidation was primarily a “land grab” whereby private equity groups (PEGs) were acquiring practices, each with their own respective earnings before interest, taxes, depreciation, and amortization (EBITDA), and once they reached a certain size, they would sell that “bundle” of practices to the next PEG.
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Mar 13, 2024 | 
dentaleconomics.com | William P. Prescott |Kevin Cumbus |Roger P. Levin |John A. Wilde
Parties involvedThe parties to the practice sale and purchaseThe parties to the sale and purchase transaction need to be identified. The seller's practice entity, the selling dentist, the purchasing dentist's practice entity, and the purchasing dentist should be identified in the letter of intent. If the purchasing dentist's practice entity is not formed as of the date of the letter of intent, "entity to be formed" language should be included in the provision.
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Feb 27, 2024 | 
dentaleconomics.com | Pamela Maragliano-Muniz |David Rice |Kevin Cumbus |Howard S. Glazer
We are absolutely blown away by Dr. Jason Auerbach, better known as @bloodytoothguy. We start the show talking about how he feels about "bailing out" general dentists who get in over their head (spoiler: he doesn't hate it!) and what its like collaborating with other docs. From brilliant oral and maxillofacial surgeon, to IG influencer, to building a surgeon owned and operated “anti-DSO DSO” that allows for total autonomy, Jason shares the common threads that drive it all.
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Feb 20, 2024 | 
dentaleconomics.com | Pamela Maragliano-Muniz |David Rice |Kevin Cumbus |Howard S. Glazer
Join hosts David and Pam as they sit down with Dr. Weston Spencer, a cosmetic dentist with a fascinating trajectory—from solo practitioner to a partner in a thriving dentist-owned DSO. In this captivating conversation, we explore the age-old question: Is more really more when it comes to practice ownership?
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Jan 30, 2024 | 
dentaleconomics.com | Pamela Maragliano-Muniz |David Rice |William P. Prescott |Kevin Cumbus
Your employee drinks too much at a work function and gets in a car accident. There is a CE course your RDH wants to take out of state and you agree to pay for the travel but there is a mishap during the flight. What are you liable for? How can you protect yourself? As dentists, we try to do the right things by our employees. We try to weave fun and rewards into the often stressful workday. But at what point will we be punished for our good deeds?
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Nov 27, 2023 | 
dentaleconomics.com | Kevin Cumbus |Roger P. Levin |John A. Wilde |Joshua Austin
Your dental practice serves as your primary source of income and, likely, your most valuable asset. Selling a dental practice is a significant decision that goes beyond the typical real-estate transaction.
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Nov 27, 2023 | 
dentaleconomics.com | Joshua Austin |Roger P. Levin |John A. Wilde |Kevin Cumbus
Dr. Todd Fisher is a general dentist in Murfreesboro, Tennessee. He was looking to add some services to his practice, and with the help of Molis Coaching, Invisalign became a huge part of his production. Here’s what he has to say about his journey. Joshua Austin: Dr. Fisher, tell our readers a little about your practice. Todd Fisher: After working as an associate for a couple of years, I started a scratch practice in 2016.
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Nov 27, 2023 | 
dentaleconomics.com | John A. Wilde |Roger P. Levin |Joshua Austin |Kevin Cumbus
Apprised by the pandemic, runaway inflation, and a looming recession, prudent people realize change is inevitable and that long-term success demands constant vigilance and facile flexibility. But how can one best determine when and in what manner to transform? Drawing information from the same sources as everyone else guarantees mediocrity, not excellence.
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Nov 27, 2023 | 
dentaleconomics.com | Roger P. Levin |John A. Wilde |Joshua Austin |Kevin Cumbus
Leadership is essential in the success of any business; however, dentists don’t receive training or education on leadership before they enter dental practice. This gap in leadership education can create a deficit in the practice later as it grows and the dental team looks for guidance, mentorship, and coaching. The first step to becoming a good leader is to understand the end game. You don’t become a better leader by taking small steps and waiting to see what happens.
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Oct 21, 2023 | 
dentaleconomics.com | Kevin Cumbus |Pamela Maragliano-Muniz |Gary Kadi |Chip Fichtner
We often have prospective clients come to us and ask if it’s time to sell. We’ve written exhaustively on the subject and do all we can to keep up with trends to ensure we’re keeping both our clients and the broader community as informed as possible. There are some very basic ways to ease into a broader discussion that will likely inform your decision. Plan ahead to maximize valueIf your goal is to exit your business in the next five years, you need to sell now.
