tntransitions

Dentist or Orthodontist: Selling a dental or orthodontic practice is an important step in one’s career. Whether you are coming closer to retirement, you are moving, or you are simply changing your career direction, selling your orthodontic practice or dental practice means you need to have the right planning (right information, procedures of how this transaction is conducted and being knowledgeable about the market) and help (expert guidance from a professional). The first step in any successful practice sale is understanding the true value of your practice. A formal valuation will include factors such as patient base, cash flow, location, equipment, staff and growth potential. This will let you manage user expectations and that your product is priced well in the market. “There’s also the timing of it. Thinking ahead about your exit strategy—well before your retirement—is a great way to grow the value of your business and its financial performance and to simplify practice management....

Owning an orthodontic/dental practice is a lucrative investment opportunity and can be a very personally rewarding experience as well. You may be an experienced professional seeking to take on a new challenge or a young graduate with dreams of forging your own path, in both cases purchasing an orthodontic or dental practice is the perfect chance to join or grow within the world of oral healthcare. Purchasing an Orthodontic Practice: A Strategic Investment Orthodontic offices provide specialized care involving the alignment and appearance of clients' teeth and jaws. There are several points to take into account when looking into buying an orthodontic practice: Specialized Treatment: Orthodontists have experienced training and development of their specific skills of orthodontic treatment which makes their treatment valuable in the healthcare market. Rising Demand As greater emphasis is being placed on the role orthodontic treatment plays for oral health and appearance, more people se...