Dental School to Practice Ownership in Under 2 Years: ADA Practice Transitions Makes Perfect Match

Today, we’re thrilled to update one of the very first success stories for ADA Practice TransitionsTM

Back in 2019, Dr. Joe Thibodeau was beginning to think about slowing down and selling his practice. But he wanted to ensure the patients in his Lincoln, Maine practice would be cared for long after he left. 

“As busy as this office is, slowing down meant putting a lot of patients off,” Dr. Thibodeau says. “I felt I couldn’t do that.”

After striking out with a practice management company, he turned to ADA Practice Transitions. He created a free profile that articulated his style of dentistry, his timeline, and his goals. 

 

Watch the video: Dr. Sciolino and Dr. Thibodeau

“The big companies, you pay a big chunk of money off the bat just to get the process started,” Dr. Thibodeau says. “That’s difficult to swallow. I don’t think I got my money’s worth – I did not get one hit, and I had to contact the company or else I did not hear from them.”

Meanwhile, Kristen Sciolino was beginning to job hunt during her D4 year at the University of New England. However, she wasn’t just looking for a first job; rather, she wanted to find a place where she could build a career and eventually buy out the owner. When she heard about ADA Practice Transitions through an on-campus event, she created a profile that showcased her goals and desire to live in a small town. 

ADA Practice Transitions matched the pair based on shared goals and a similar approach to dentistry. The two hit it off right away.

“We really meshed from the start, and it felt very easy,” Dr. Sciolino says, noting she could immediately see herself working in the practice. “Personalities vary significantly, as well as ideas on how to practice,” she explains. “ADAPT isn’t just matching you with an area. It’s matching you with a person, a practice, and a mindset, so you’re not going into a situation where you and your potential boss or coworker don’t mesh.”

Read More

Topics: transition tales, videos

Watch: What's This Practice Actually Worth?

Practice valuation is an essential part of any sale. But do you know how to thoroughly evaluate a dental practice that's for sale? Are you ready to understand how a buyer will perceive your practice's value?

In this recent Dental Economics webinar, What's This Practice Actually Worth?, I joined Chris Mayer, Director of Mergers & Acquisitions at the Heimat Group, to explore practice valuations.

Watch the replay below to learn about the process and find out how to evaluate less tangible items to ensure you're choosing a practice that fits your lifestyle and practice approach.

Read More

Topics: coffee talks, videos, Real Talk, practice valuation

Watch: How Going Independent Can Help Dentists, Patients

Posted by Bree Simmers on 8/19/21 8:45 AM

Dr. Suzanne Ebert, ADAPT's VP of Dental Practice & Relationship Management, recently appeared on BNN-TV to discuss how independent dentistry is faring in a changing market. Watch as she discusses:

  • The differences between corporate and independent dentistry
  • How growing student loan debt is affecting dentists’ career decisions
  • How COVID-19 accelerated some retirements while nudging some furloughed dentists towards ownership
  • Why dentistry is a great profession for women
Read More

Topics: videos

Search All Posts

    Popular Posts

    Subscribe Here!