ADS member specialists nationwide offer the highest level of appraisal, brokerage and consulting services to the dental profession on a national basis.
Whether you are looking to buy a practice, sell a practice, have your practice appraised or are looking for valuable guidance and insight into managing a practice, improving the value of a practice and dental practice transitions an ADS specialist is there to help.
Buying and Selling Practices
ADS specialists have successfully evaluated and transitioned practices nationwide for over thirty years. It is that kind of experience that ensures your sale or purchase will be handled professionally and fairly.
The ADS Network of Specialists embraces a simple yet powerful philosophy; if a deal isn’t good for both buyer and seller, we don’t pursue it.
In the end, a successful transaction has to be fair to both - that’s when we know we’ve done our job well. There's never a right time to do the wrong thing.
Associateships
There are many benefits to joining a practice as an Associate and just as many for a senior dentist to hire one. However, navigating the associateship process can be tricky and complicated for both parties involved.
For the practice owner, putting together a contract and selecting a compensation model are generally considered amongst the first steps in the process, but there are many more very important points that should be addressed, as well. For the potential Associate, understanding the contract and its restrictive covenants, evaluating the working conditions and procedures as well as assessing if the practice environment is a good fit are all equally complex.
On both sides, its important to have an experienced, knowledgeable, resource to help ensure the questions are asked, the i's are dotted and the t's are crossed - all with the goal to help ensure the best possible association experience.
Partnerships
Partnerships are very easy to get into and extremely difficult to get out of. What is rarely considered, is in reality all partnerships will dissolve at some point - whether for good or bad reasons. Trying to plan for all circumstances can be quite difficult, especially as its hard to see the forest when you're in the trees.
Don't worry! Let your ADS specialist ask the right questions to make sure you and your partner's desires are considered. From there, we can advise and develop the correct multi-doctor structure that will satisfy both your immediate and future needs
The ADS network of members includes not only doctors who have managed long and successful practices, but also MBAs, attorneys, accountants, CFPs and CPAs who have in-depth insight on how to structure powerful and profitable partnerships and multi-doctor working arrangements.
Mergers
For sellers, the transition of your practice may include merging it with that of a nearby doctor's and that merger could include the acquisition of equipment and facility or just the patient charts. How do you know if a merger is the best option, though? Could you be sacrificing practice value in going this route or could that value be harnessed in making this the best transition option for you? Beyond valuating the practice, how does the merger actually work? How does it become a win-win-win (seller-buyer-patient) scenario and how is the entire transition put together and executed?
For buyers, merging another practice into your own may be an excellent opportunity to quickly increase your active patient base, but it doesn't come without uncertainty or potential difficulties. Some points to consider include whether the patients will actually transfer, and, if they do, will they stay, but further, how to evaluate the purchase, how much to pay and how to make the merger go smoothly.
In any case, you can rest easy. Your ADS specialist will handle the entire process, ensuring a smooth transition so you can focus on what's most important to you - the care of your patients, the time with your family and the plans for the next stage of your life. You have the questions, we have the answers; our experience is unmatched.
The ADS network of members includes not only doctors who have managed long and successful practices, but also MBAs, attorneys, accountants, CFPs and CPAs who have in-depth insight on how to structure powerful and profitable mergers. If you are considering a dental practice merger or would like more information on the options and details associated with mergers contact your local ADS specialist today.
Practice Management
Specialists in the ADS network consistently help practices streamline and enhance operations---often times in preparation for a transition. If your practice needs help in a specific area, including internal money management (payment systems and accounts receivables), staff training or even personal through and professional goal setting then contact your local ADS specialist today.
Our experienced ADS network has the resources to improve your practice’s personality, performance and net income - all valuable pieces of your business and career now and in the future.
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