Why is it good idea to buy dental practice?

Buying an existing practice gives the buying dentist immediate access to an established patient base, which (if done right) can translates into instant cash flow. Understanding the process of buying a dental practice will help you protect your investment and shield you from any unnecessary liability.

Do you need an attorney to buy a dental practice?

Buying a dental practice can feel overwhelming, no matter how many times you have been through the process. There are a lot of moving parts that need to come together at the right time in order for the acquisition to be successful. That is where an experienced dental attorney comes in.

What should be included in a dental practice purchase agreement?

The Practice Purchase Agreement is the contract that defines all of the terms of the purchase. It will typically be provided by the seller’s attorney and reviewed by your own dental attorney to make sure that the terms are fair.

Do you have to sign a lease when buying a dental practice?

Concurrent with reviewing and negotiating the practice purchase agreement, you and your advisers should review the seller’s lease or negotiate to purchase any real estate associated with the practice. It is not uncommon for a commercial lease to require the landlord’s written consent prior to any assignment.

Is it possible to buy a dental practice?

Newer dentists looking to buy are facing the double-whammy of fewer dental practices generally available and more buyers looking to buy them. When they find a practice for sale, it is probably selling for more than it would have sold for a few years ago.

Why did dentist sell his practice to another dentist?

The dentist had sold his practice to another dentist, inflating the margins and inflating the value of the practice with procedures that people didn’t need. I had seen this plenty of times before, but this abuse of patient care was egregious.

Is the value of a dental practice going up?

While the trends in dental practice values are going up, without question buyers should continue to look at purchasing a practice as a solid career strategy.

How to file a consumer complaint against a dentist?

The following information is intended to inform consumers of the procedures for filing a complaint against individuals licensed by the Dental Board of California (Board). Board licensees are those who practice in the following license categories: Registered Dental Assistant (RDA) Registered Dental Assistant in Extended Functions (RDAEF)