Sell a Dental Practice
It’s more than selling your dental practice
We understand that building a successful dental practice didn’t happen overnight. It took years of hard work to establish your reputation, dedicated patient base, and loyal staff. When it comes to selling your dental practice, it should go to a party that has values that closely align with yours. That way the standard of care you established with your patients’ lives on.
As an experienced dental brokerage firm, we understand the importance of this scenario. There is no guesswork when you work with us. We walk you through everything from beginning to succession. We help you find your ideal replacement.
Reasons for selling your practice
Here are the most common reasons practitioners sell their practice.
Retirement is a common reason that many practitioners elect to sell their dental practice. A smooth transition, for both patients and employees, comes down to finding the right fit.
Share the Responsibilities
If you thrive in a private practice setting but are getting overwhelmed with all the parts that make it run, it might be time to enlist a little help. A merger with a partner that shares your same values will help alleviate some of the burdens and can offer a way to share resources.
Why choose a dental broker?
A dental broker is a professional that guides you through every step in the transition process of selling a dental practice. A broker has experience taking you through every step of the process. This includes valuing your dental practice, negotiations and contracts, and the transition period that takes place from one owner to another. In short, we are your guide through the transition of your dental practice from start to finish.
The Practice Management Associates Process
Next, we complete a valuation by collecting all the necessary documents.
After you review and approve our valuation of your dental practice, we will use critical channels to reach qualified buyers in your market. We do not share information until the buyer is appropriately vetted and pre-qualified with a confidentiality agreement on file.
Vetting and Presentation
Upon completion of due diligence, we will identify qualified buyers of your dental practice who wish to submit a letter of intent and review the strengths of each with you. Next, meetings will be arranged with the buyers of your choice.
Once you have selected your top choice and are ready to execute the letter of intent, we move into action to plan each step of the transaction. As a service to you, we equip the buyer of your dental practice with the necessary tools they will need to efficiently close on time.
We act as a liaison between the buyer/seller attorney, accountant, and lender involved in the transaction. This interaction ensures that copies of the purchase documents are received by the lender for an on-time closing, eliminating the cost of escrow services.
Why choose Practice Management Associates to sell your practice?
Practice Management Associates is a full-service dental practice brokerage firm. Since 1998, we have worked with general and specialty dentists guiding them through seamless transitions. Value-driven and results-oriented, we serve our dentists clients at a level that far exceeds other brokers in our industry. Our goal is to leave your practice in a position to thrive. We do this with a proprietary system that vets buyers to ensure you are presented with offers from the most qualified candidates. Whether, you are planning for retirement, looking to minimize management or bring someone on with whom to partner – we can help you make the transition. Contact us today at (888) 762-4048 for a complimentary consultation.