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?
If you’re looking to sell a dental practice, it’s essential to partner with the right dental practice brokerage – because not all DSO and DPOs are created equal, nor will they be the best fit for your practice.
Facilitating Successful Dental DSO/DPO Transitions
A successful dental office broker will help you achieve more than just a big payday – they will also work to find the perfect partner for your dental practice’s specific needs and company culture. The intricate details like these make or break a successful transition because, remember, when selling to a large dental group, you’ll have to work with them post-sale for the length of the agreed-to contract. So, ensuring the right fit for an easy transition is critical.
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 Your 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 Dental 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.
I Want to Buy a Dental Practice – Now What?
If you are looking to buy a dental practice, our team can help. At Triumphant, we have a diverse background on both sides of the M&A table, allowing us to provide our clients with the ‘total’ experience. We equip all types of clients with our expertise, whether they are looking at their first acquisition, adding additional locations, or scaling nationally.
Our healthcare-specific advisors and CPAs will educate you on the entire process and provide you with a total practice valuation assessment, ensuring an acquisition fits your business model and having a growth strategy plan in place. We are with you throughout the process – from discovery to evaluation to funding. We understand this is a huge decision and that you have options. We get to know our clients’ needs and attack them as such.
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.