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Practice Profile: Grow this Low-Overhead Practice with No Competition

Posted by Betsy Krekling, ADA Advisor on 9/24/21 8:15 AM

Want to buy a practice where you can be busy and productive from your very first day? 1,800+ active patients and two long-term staff are eager to meet the new owner of this busy 3-operatory, small-town practice! This is a great opportunity to buy your first practice or a ready-made satellite practice.

The entire parish has only four dentists serving a population of 14,000. Three of those dentists are over the age of 55. This practice currently refers out all perio and no one does implants or molar endo within 50 miles. That means there’s ample opportunity for you to grow this practice to meet a real need for bread-and-butter dentistry.

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Topics: practice profiles

No Stupid Questions: Why (and When) Should I Get a Practice Valuation?

Posted by Betsy Krekling, ADA Advisor on 9/22/21 7:15 AM

Welcome to No Stupid Questions, our new Real Talk series in which we bring in practice transitions experts to answer your most pressing questions. Have a question for our experts? Ask it in the comments below!

For today’s question, we reached out to Chris Mayer of The Heimat Group, ADAPT's trusted transactions partner. Chris holds the Chartered Financial Analyst designation and has experience valuing dental practices (and other businesses) prior to mergers or acquisitions. Chris graduated with a finance degree from the University of Wisconsin-Madison School of Business where he was a member of the applied equity market research program specializing in fundamental analysis, equity valuation, and market research. During his University of Wisconsin-Madison undergraduate program, Chris was selected to attend the Otto Beischeim School of Management in Vallendar, Germany. He also attended the University of Leipzig, Germany where he worked on his Masters in Finance & Economics.

Question: Why and when should I get a practice valuation? And what is a valuation, exactly?

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Topics: Real Talk, No Stupid Questions

Transition Tale: Better Fit, Perfect Match

Posted by Betsy Krekling, ADA Advisor on 9/20/21 8:15 AM

Dr. Katie Satula’s busy practice has a well-earned reputation for family-friendly dentistry. The practice has been a fixture in Hales Corners, Wisconsin for over 30 years, treating several generations. [Pictured from left: Drs. Raimann, Satula, Ebert, and Mueller. Drs. Raimann and Mueller were the original owners of the practice and are now enjoying their retirements.]

“I love being your local family dentist who sees a little one for their first appointment, all the way to their great-great grandma and everyone in between,” says Dr. Katie.

When the practice’s senior dentist began planning to retire, Dr. Katie knew she needed to find an associate.

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Topics: transition tales

Practice Profile: Seaside Solo Practice with Ideal Work-Life Balance

Posted by Betsy Krekling, ADA Advisor on 9/17/21 8:00 AM

Looking for a unique opportunity to be the only dentist in a small seaside town? Purchase this practice and enjoy fulfilling work in a beautiful setting.

Check out this practice in Hoodsport, Washington, a small seaside town in the shadow of the Olympic Mountains. Hoodsport is located on the Hood Canal and serves as a gateway to Washington’s Olympic National Park, Olympic National Forest, and Washington State’s Olympic Forest. This practice is ideal for a solo doctor seeking optimal work-life balance or a satellite practice to grow your business.

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Topics: practice profiles

Someone Like Me

Posted by Bill Robinson, ADAPT President & CEO on 9/15/21 8:30 AM

I was sitting behind special mirrored glass at a research facility watching an interviewer speak with a dentist. We were doing the research for what would become ADA Practice Transitions. I watched as yet another dentist said, “I want to sell my practice to someone like me.”

This sentiment is at the heart of what we are trying to build at ADAPT: we believe that a consistent philosophy of care is critical to the longevity of a dental practice, particularly when a change of ownership occurs.

Previous interviews had taught us that we would hear that statement frequently: “I want to sell my practice to someone like me.” But we had also learned that we needed to dig a little deeper to understand what “like me” actually meant.

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Topics: Real Talk

Transition Tale: A 'More Scientific' Way to Find the Right Person

Posted by Betsy Krekling, ADA Advisor on 9/13/21 8:45 AM

Dr. Charles Schmidt’s practice was booked out for weeks. Just as several local dentists were retiring, the Lancaster, New Hampshire area was growing. Both Dr. Schmidt and his associate were busy and getting busier!

Dr. Schmidt needed to hire another associate to keep up with this growth. But he wanted someone who would fit into the practice and the town. After all, this small-town practice is built on relationships, with a close-knit, down-to-earth team. His ideal hire would understand small-town life and be eager to build patient relationships while becoming part of the local community.

With the help of ADA Practice Transitions (ADAPT), he found just the right person.

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Topics: transition tales

Practice Profile: High-Energy Office Seeks Team Player

Posted by Betsy Krekling, ADA Advisor on 9/10/21 7:45 AM

Are you comfortable performing all aspects of dentistry, except complicated surgery and implant planning and surgery? Come work in a supportive environment with a great team – but never work a weekend or Friday afternoon again! Join this high-tech, 8-op practice seeking an associate who can be a true team player. You’ll join an exceptional team that cultivates an enthusiastic, harmonious, supportive atmosphere.

As one of the practice owners explains, “You will often hear our patients’ laughter throughout the office. It’s just a fabulous experience here, and we think you’ll love it, too!”

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Topics: practice profiles

More Than Meets the Eye: Looking Beyond Million-Dollar Collections

Posted by Betsy Krekling, ADA Advisor on 9/7/21 9:00 AM

You asked, we're answering! Today we're introducing Real Talk to answer your questions about career planning, finance, practice management during transitions, and more. First up is this More Than Meets the Eye post, designed to answer one of our most-asked questions: "How do I compare two practices?"

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Topics: Real Talk, More than Meets the Eye

Practice Profile: Must Love Dogs: Hands-on Associateship with Mentorship

Posted by Betsy Krekling, ADA Advisor on 9/3/21 8:15 AM

Are you looking for a first associateship where you can get hands-on mentorship?

Do you want to work in a high-tech, innovative practice with a trained therapy dog on staff?

Join this 6-operatory practice where you will be treated as a professional from day one – with all the mentorship you need to grow your career! New grads are welcome and encouraged.

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Topics: practice profiles

Listen: How Dental Students Can Take Ownership of Their Careers

Posted by Bree Simmers on 9/1/21 12:10 PM

Our Dr. Suzanne Ebert, VP of Dental Practice & Relationship Management, recently spoke with Yolanda Marrero of the South Florida District Dental Association’s Ain’t That the Tooth podcast. Listen in as they discuss:

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Topics: podcasts

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