Dental Practice Brokerage
You Can Count On When Its Time to Sell Your Dental Practice.
At Triumphant Transition Partners, we guide and support dental practitioners in partnership with all organized dental groups. We know this is a difficult decision, but here at TTP, we look at this as a 100-year decision. Triumphant represents your best interests only, while buyers solely represent theirs. With experience in the DSO space, we know the necessary metrics to maximize our client’s return, negotiate the ideal deal terms you want and keep you in control.
I Want to Sell My Dental Practice – Now What?
Facilitating Successful Dental Office Transitions
An experienced dental office broker can do more than just secure a substantial sale; they excel in identifying the perfect match for your dental practice’s specific requirements and company culture. These meticulous considerations are pivotal in determining the success of your practice transition. It’s crucial to remember that when selling to a prominent dental group, a post-sale partnership typically extends for the duration of the agreed-upon contract. Thus, the importance of securing a seamless fit cannot be overstated.
Our seasoned brokerage team specializes in orchestrating these intricate transitions, recognizing that the right partner extends beyond monetary gains. We delve deep into the core of your practice, encompassing factors like patient demographics, treatment philosophies, and team dynamics, to identify an entity that seamlessly integrates with your vision. Our thorough approach ensures that the transition not only maximizes your practice’s value but also safeguards its legacy and fosters enduring success.
With our dedicated brokerage services, you can trust that we will work diligently to connect you with an entity that aligns perfectly with your practice’s unique identity. Your future partner will not only honor your legacy but also contribute to its growth, creating a mutually beneficial alliance that transcends the financial transaction alone
At Triumphant Transition Partners, we are committed to making the transitional process as smooth as possible for all our clients. If you’re looking for an experienced partner to sell your dental practice, look no further than TTP.
What to Consider When Selling to a DSO/DPO
DSO and DPO due diligence are critical. There are countless DSO and DPOs to choose from, and each is unique – selecting the perfect one for your practice is very important. Partnering with the best dental practice brokerage is essential.
Pros and Cons of Selling A Dental Practice
Deciding to sell your dental practice can be a demanding choice to make. At Triumphant Transition Partners, we take the time to sit down and discuss your needs and understand your goals. This allows us to determine the best route forward and custom-tailor your transition strategy. We have experience selling to doc-to-doc, Private Equity, and with all the organized dental groups. Our team is fully equipped to guide you through every step of the way.
How Is My Practice Valued
Here at Triumphant, we have certified healthcare public accountants on our team to maximize the value of your practice. During our intake and discovery, we will partner with your team and review all your financials to secure that you receive the highest valuation possible. This is done through a process where we build up your EBITDA. Your EBITDA and our carefully crafted metrics formula ensure we get you the highest VALUE.
Consider Your Post-Sale Role
What happens after you sell your dental practice? Depending on your goals, staying on during or after the transitional period is common. Whether you’d like to stay or exit, our team will ensure you get the terms you desire.
How Much Control Do I Have?
When looking to sell your dental practice, this is often an overlooked and extremely vital aspect of any successful transition. You will be expected to share some or all the control within your practice. Letting us negotiate the precise deal terms to protect you are essential, and we remove all the hidden terms that can be in a contract agreement.
What If I Own My Real Estate?
This is often overlooked and very important in recommending the best DSO/DPO for your transition. Here at TTP, we have a team of licensed and experienced Commercial Real Estate agents that will discuss the best fit when deciding to transition your building or negotiating the lease terms with your new partner. This aspect is critical in maximizing the return on your commercial space now or selling to an investor in the future.
Ready to Hire an Experienced Dental Practice Brokerage? Find Someone That Cares About You.
You are, of course, not expected to know everything about the process of selling a dental practice – but dental brokers are. The industry landscape is changing daily, and it is our job and passion to stay up to date with it all. We see this as a true partnership, and picking the right partner can mean the difference between a successful transition and a poor one. Our team truly cares about you and your dental practice and is committed to providing the best transition experience possible.
Navigating the Purchase of a Dental Practice: A Comprehensive Guide
If you are considering the purchase of a dental practice, our expert team at Triumphant is here to assist you every step of the way. With a rich background spanning both sides of the merger and acquisition (M&A) spectrum, we offer a holistic approach to your journey. Our experience caters to a diverse range of clients, whether you are embarking on your first practice acquisition, expanding your practice with additional locations, or even aiming for a national presence. At Triumphant, our team of healthcare-specific advisors and Certified Public Accountants (CPAs) is dedicated to guiding you through the entire process. We pride ourselves on offering a comprehensive practice valuation assessment, ensuring that any acquisition aligns seamlessly with your business model and growth strategy. From the initial stages of discovery to the final steps of funding, we stand by your side throughout the entire process, providing unwavering support and expertise. Understanding the gravity of this significant decision, we recognize that you have choices when it comes to purchasing a dental practice. To best serve our clients, we prioritize understanding your unique needs and tailor our approach accordingly.
Exploring Your Dental Practice Purchase
Before delving into the finer details of purchasing a dental practice, it’s crucial to understand the scope of the process and the legal considerations involved. Whether you are a first-time buyer or a seasoned professional, it’s essential to navigate this journey with care and precision. Here’s a breakdown of key elements to consider:
1. Retirement Planning and Practice Transitions
Retirement planning plays a vital role in the purchase of a dental practice. Sellers, often considering retirement, seek to pass on their practice to capable hands. As a buyer, understanding the seller’s motivations and future plans is crucial. Triumphant specializes in facilitating seamless practice transitions, ensuring a smooth handover and legal compliance.
2. Confidentiality and Records Management
Maintaining confidentiality and proper record management are non-negotiable aspects of a dental practice purchase. Our team emphasizes the importance of confidentiality agreements and the secure handling of patient records to safeguard both parties’ interests. We ensure that all legal and ethical standards are met during the process.
3. Business Valuation and Purchase Assessment
Triumphant’s healthcare-specific advisors and CPAs possess a deep understanding of dental practice valuation. We conduct thorough assessments to provide you with a complete picture of the practice’s worth. This assessment not only helps you determine if the acquisition aligns with your business model but also forms the basis for a well-informed purchase decision.
4. Growth Strategy and Post-Acquisition Planning
A successful dental practice acquisition goes beyond the purchase itself. Triumphant goes the extra mile by assisting you in developing a growth strategy. We work collaboratively with you to create a post-acquisition plan that ensures your investment thrives and your practice expands as intended.
5. National Scaling and Future Expansion
For clients with ambitions of national scaling, Triumphant offers strategic insights and support. We leverage our expertise in dental transitions to help you chart a path towards achieving your national expansion goals, facilitating the purchase and integration of practices across regions.The journey to purchasing a dental practice is a significant decision that requires careful consideration of various factors. Triumphant is committed to providing a comprehensive and optimized experience for our clients. From retirement planning to legal compliance, records confidentiality to growth strategy, we are your trusted partner at every stage of the process. When you choose Triumphant, you are not just acquiring a dental practice; you are embarking on a transformative journey toward practice ownership and success. We understand the gravity of your decision, and our team is dedicated to ensuring that your dental practice purchase is a triumphant one.
What is a Dental DSO or Dental DPO?
A Dental Support Organization and Dental Partnership Organization (DSO/DPO) contracts with dental practices and dental groups to provide non-clinical operations support services and core business management services.
By law, in most states, dentists must own and operate their dental practices. DSO/DPO-supported dentists can free up time to do what they love, practice dentistry, and leave the operational tasks to others who have created efficient systems. This allows dentists and dental groups to earn more income and flexibility in their professional and personal lives.
DSO/DPOs may be referred to synonymously as dental management service organizations, dental practice management firms, group dental organizations, dental management organizations, organized dental groups, and dental management service organizations. A broad term for Dental DSO/DPOs is Corporate Dentistry, but they are so much more.
At first, some dentists are afraid to relinquish control of the day-to-day dental practice business operations to a Dental DSO/DPO. In our experience at TTP, joining the RIGHT Dental DSO or DPO can be one of the most freeing experiences of your entire dental career. The key is to find the RIGHT Dental DSO/DPO Partnership structure for you. Did you know there are over 4,000 Dental DSO and DPOs in the United States? Finding the right fit for you is where our expertise comes in.
Dental DSO/DPOs can provide support services for:
• General administrative services
• Human resources and staffing
• Payroll and billing
• Insurance coding and insurance services liaison
• Advertising and marketing services
• IT services – Information technology
• Building and facilities management services
• Procurement services – durable and exposable goods
• Accounting services
• Regulatory compliance
By freeing up the numerous hours spent on these time-consuming tasks, solo dentists and group dental practices can have free time to balance their lifestyles, have a higher quality of life, and expand their clinical skills to deliver higher levels of service to their patients while building generational wealth.
Free Dental Practice Valuation
An accurate valuation greatly contributes to the overall success of your dental practice’s sale and ensures you receive the highest possible value. At Triumphant Transition Partners, we offer free dental practice valuations and consultations. Call us at 512-924-8808 or schedule a 15-minute courtesy consultation.