Read Dental Practice Success for tips on acquiring a practice
The road to practice ownership can include acquiring an existing practice. But there are lots of questions and considerations involved in the process.
Kirk Dewart, director of US Healthcare Programs at BMO Harris Bank, discusses key considerations for dentists considering a practice acquisition in the Winter 2019 issue of Dental Practice Success.
Is this the right time in your career to make the move? “Some associates are ready to step into practice ownership after just a few years,” said Mr.
Dewart. “Others look to take additional time to become more efficient in treating patients, to start a family or build a small nest egg. In BMO Harris Bank’s experience, we’ve found that associates who acquire a practice after at least two years are best positioned for success.”
He recommends that dentists looking to acquire a practice ask themselves key questions about their ideal lifestyle, practice size and transition plans with the selling dentist, and offers tips on working with the selling dentist, practice valuation and more.
Read this article at ADA.org/dps