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Transition Tale: Finding a Second Practice with a Similar Philosophy

Posted by Bree Simmers on 10/20/20 8:45 AM
Bree Simmers

Drs. Heather and Bob HeilDrs. Bob and Heather Heil owned two successful Wisconsin practices. After a tragic fire destroyed one of their practices, they began looking for another to help meet their personal financial goals. Despite years of searching and working with brokers, they didn’t find just the right place until Dr. Bob joined ADAPT.

Dr. Bob was less concerned with finding a practice with the latest gadgets. Rather, “I was looking for a combination of an established fee-for-service practice with good business and clinical practices that matched my philosophy,” Dr. Bob said. “I did not want to have to overhaul the physical environment and retrain staff and patients to meet my standard of care.”

ADAPT proved to be ideal for helping him find the right practice. Dr. Bob explained, “ADAPT has a great system of matching clinical philosophies between the seller and prospective buyer that streamlined the time required to find a suitable fit.” Through ADAPT, he saw “several practices that I would consider to be good matches.”

ADAPT matched him with a 5-operatory practice a short drive from his home that had “just about everything I was looking for.” The current owner wanted to sell so he could retire.

Dr. Bob had already assembled a strong transition team with a lender, accountant, and attorney, so he was ready to act as soon as he found the right practice. Six months after creating his ADAPT profile, he closed on the practice.

“My experience with ADAPT was unbelievably easy and user friendly,” he says. “ADAPT was more interested in finding me the right practice to purchase than any other broker, and continued to make sure the entire transition process was a success for both parties.”

For now, he is settling into his new practice with an enthusiastic staff glad to have someone with a similar philosophy as the retiring owner.

Dr. Bob highly recommends ADAPT to any colleague looking for a new practice. “I believe their network can find the right fit for everyone,” he says.

Ready to find your own practice? Create your free profile with ADA Practice Transitions! We recently expanded to serve dentists nationwide. When you join ADAPT, you gain access to an ADA Advisor who can guide you through every step, from reviewing your profile to helping you through the process.

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See more Transition Tales from dentists who have navigated their own career changes! 

Topics: transition tales


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