Purchasing a Dental Practice: What Every Dentist Should Know
About This Event
This course equips participants with the tools and strategies to purchase their first dental practice. It is a step-by-step approach using interactive real-world case studies to reinforce concepts. The main topics include the requirements to obtain bank financing, approaches appraisers use in valuing a dental business, analysis of key practice features to assess the value of various dental offices, the due diligence required prior to closing, the essential operational systems needed to achieve the best metrics and an overview of the various exit opportunities in this rapidly changing DSO environment.
Learning Objectives
- Understand the bank requirements to obtain financing
- Recognize the various appraiser approaches used to value a dental practice
- Understand the four key components to evaluate the purchase price of a dental practice using case studies
- Analyze a dental practice financial statement and key performance indicators, (KPI)
- Explain the “
- buyer's due diligence”
- necessary to examine and verify the operational and financial information prior to finalizing the sale
- Comprehend the various forms of legal business entities and the legal documents involved in an acquisition
- Outline the essential operational systems needed in a dental practice, “
- 15 Game Plays”
- to achieve the best key KPI
- Identify the costs associated in outfitting a dental office
- Comprehend the various exit strategies available to an owner.
Additional Event Information
Target Audience
Dentists
Event Format
In-person
CE Credits
6*