Montgomery County, VA General Practice for Sale

If you’ve been searching for the ideal general practice in southwest Virginia, this is the one! Located in a free-standing building with nearly 3,000 square feet, you can’t beat the tight knit community feel of this town. With five plumbed operatories, there is an expansion opportunity for two additional ops that are already plumbed. Within an hours drive of the larger Roanoke enjoy the ease of small community living with access to larger metro areas!

For an overview of this excellent general practice, read below: 

  •  5 operatories with expansion opportunity
  • Collections of $1.13 million
  • Seller’s Discretionary Earnings of nearly $600,000
  • 1,700 active patients
  • 17 new patients per month

To learn more about this practice and to review the prospectus, please email kaile@professionaltransition.com or give us a call: 719.694.8320. We look forward to speaking with you!

 

 

3 M&A Predictions for Dental Practices in 2021

It would be an understatement to say dental practices were hit hard during the pandemic. While the American Dental Association reports revenue is down in total, many practices have managed to turn a profit in the five months since they have been allowed to open up again. However, practice expenses are up as patient visits need to be spaced out and the need for extra cleaning costs and personal protective equipment continues to rise. All signs point toward an increased interest in selling dental practices or joining dental service organizations, as Professional Transition Strategies Founder and President Kyle Francis offered in a recent article for Dentistry Today. Here are some key takeaways.

Industry resilience

Private equity groups have turned toward dental practices as an attractive investment opportunity, particularly specialty practices, such as endodontists and oral surgery groups, since they were deemed essential services. As a result, Francis says, “Revenue and practice valuations for many specialty practices actually increased this year.” Likewise, investors know dental care can’t be postponed over the long haul, and the longer care is put off, the more expensive treatment is.

Valuation methodologies

Investors are looking for new ways to determine the value of a dental practice during these unprecedented times. Typically, investors would analyze the past 12 months of earnings with interest, taxes, depreciation, and amortization, but investors are now either writing off 2020 or looking at the past 15 months to make up for the three months when practices had to close their doors. “Some investors are restructuring deals to decrease the amount paid at closing to offset risks,” Francis says. “Others are aiming for longer-term employment contracts with dentists or structuring deals to ensure the selling dentist still has a performance incentive.”

Wildcards

Dental practices need to continue to rebuild their staff and patient bases in the year ahead, which will inevitably turn up in a valuation down the road. What’s more, while dental practices don’t have the option to work from home, if the owner has invested in the real estate, this may impact the value of the commercial property. Along the same lines, capital gains taxes are likely to increase, cutting into profits when it comes time to sell. “But DSOs have capital, and private equity groups see the dental industry as an attractive investment opportunity,” Francis says. “No one can predict the future, but the 2021 M&A landscape looks positive.”

What’s next?

Contact the experts at Professional Transition Strategies to learn the best steps for moving forward with your dental practice.

3 M&A Predictions for Dental Practices in 2021

It would be an understatement to say dental practices were hit hard during the pandemic. While the American Dental Association reports revenue is down in total, many practices have managed to turn a profit in the five months since they have been allowed to open up again. However, practice expenses are up as patient visits need to be spaced out and the need for extra cleaning costs and personal protective equipment continues to rise. All signs point toward an increased interest in selling dental practices or joining dental service organizations, as Professional Transition Strategies Founder and President Kyle Francis offered in a recent article for Dentistry Today. Here are some key takeaways.

Industry resilience

Private equity groups have turned toward dental practices as an attractive investment opportunity, particularly specialty practices, such as endodontists and oral surgery groups, since they were deemed essential services. As a result, Francis says, “Revenue and practice valuations for many specialty practices actually increased this year.” Likewise, investors know dental care can’t be postponed over the long haul, and the longer care is put off, the more expensive treatment is.

Valuation methodologies

Investors are looking for new ways to determine the value of a dental practice during these unprecedented times. Typically, investors would analyze the past 12 months of earnings with interest, taxes, depreciation, and amortization, but investors are now either writing off 2020 or looking at the past 15 months to make up for the three months when practices had to close their doors. “Some investors are restructuring deals to decrease the amount paid at closing to offset risks,” Francis says. “Others are aiming for longer-term employment contracts with dentists or structuring deals to ensure the selling dentist still has a performance incentive.”

Wildcards

Dental practices need to continue to rebuild their staff and patient bases in the year ahead, which will inevitably turn up in a valuation down the road. What’s more, while dental practices don’t have the option to work from home, if the owner has invested in the real estate, this may impact the value of the commercial property. Along the same lines, capital gains taxes are likely to increase, cutting into profits when it comes time to sell. “But DSOs have capital, and private equity groups see the dental industry as an attractive investment opportunity,” Francis says. “No one can predict the future, but the 2021 M&A landscape looks positive.”

What’s next?

Contact the experts at Professional Transition Strategies to learn the best steps for moving forward with your dental practice.

Remarkable Denver, Colorado Practice for Sale

This multi-location, general dental practice in Denver is truly remarkable! Each practice has incredible visibility and plenty of square footage. Additionally, the free-standing location boasts a considerable physical expansion opportunity of over 5,000 square feet. Both locations have eight fully equipped operatories for a combined 16 ops. The current doctor would prefer to stay on and continue to practice.

For an overview of this excellent general practice on the Front Range, read below: 

  • 16 combined operatories
  • Collections of $5.1 million
  • Adjusted EBTIDA $955,000
  • 11,845 active patients
  • Over 180 new patients/month

The allure of Colorado’s capital city is certainly understandable: Denver is a great basecamp for skiers, the city is soaked in sunshine 300 days of the year and the craft beer scene is booming. Denver is also establishing itself as a culinary destination thanks, in part, to the most recent “Top Chef” season being filmed here.

Ready to learn more? Contact Kaile Vierstra with Professional Transition Strategies: kaile@professionaltransition.com or give us a call: 719.694.8320. We look forward to speaking with you!

5 Dental Trend Predictions for 2021

In a recent article for DrBicuspid.com, Professional Transition Strategies Founder and President Kyle Francis dusted off his crystal ball to offer the best-educated guesses about what the year ahead will hold. While 2020 was anything but a typical year, he says “there are plenty of reasons for optimism in the dental sector.” Here are five reasons he thinks this turbulent year still holds a light at the end of the tunnel.

Teledentistry and AI

While teledentistry filled in the proverbial gaps when COVID-19 forced dental practices to shut their doors, it is not a long-term solution sustainable for this highly specialized and tactile field. It is not feasible to expect dentists to gauge the depths of caries with an iPad right now, but artificial intelligence is poised to change the industry significantly. Companies are using algorithms to help dentists interpret X-rays more effectively, and dental tech companies are pioneering 3D-printed implants to replicate teeth.

DSOs

If anything, the strength of dental service organizations was only solidified in 2020 since independent practices have treaded water navigating the storm of business ownership during a pandemic. Analysts on staff to help dentists make data-driven decisions, bulk purchasing power to secure personal protective equipment, and human resources professionals to handle staffing issues have all become attractive solutions available through DSOs.

Capital gains tax

Massive government spending programs during the pandemic will come at a cost, even after helping to keep the economy afloat. A capital gains tax is most likely the solution, which may drive dentists to seek an affiliation or exit sooner than later. Financial advisers are advising dentists to hang up their proverbial hats in anticipation of an increase in capital gains tax.

Essential workers status

“This year proved that dentistry is, in fact, an essential service,” Francis said. “Delayed preventive care led to restorative care. Delayed restorative care led to endodontic care. Delayed endodontic care led to replacement procedures.” However, while it’s gratifying to recognize that dental services are vital to overall patient health and well-being, essential medical services are subject to health care reforms.

Commercial real estate

The value of commercial real estate is likely to drop in 2021 with partially or fully remote workforces. Since dentists can’t do house calls or work remotely due to diagnostic equipment, leasing professional office space is a necessity, which gives dental practices the upper hand when it comes to renegotiating a lease, rental rates, or other concessions.

What’s next?

Contact the experts at Professional Transition Strategies to help determine the fate of your dental practice in years to come.

5 Dental Trend Predictions for 2021

In a recent article for DrBicuspid.com, Professional Transition Strategies Founder and President Kyle Francis dusted off his crystal ball to offer the best-educated guesses about what the year ahead will hold. While 2020 was anything but a typical year, he says “there are plenty of reasons for optimism in the dental sector.” Here are five reasons he thinks this turbulent year still holds a light at the end of the tunnel.

Teledentistry and AI

While teledentistry filled in the proverbial gaps when COVID-19 forced dental practices to shut their doors, it is not a long-term solution sustainable for this highly specialized and tactile field. It is not feasible to expect dentists to gauge the depths of caries with an iPad right now, but artificial intelligence is poised to change the industry significantly. Companies are using algorithms to help dentists interpret X-rays more effectively, and dental tech companies are pioneering 3D-printed implants to replicate teeth.

DSOs

If anything, the strength of dental service organizations was only solidified in 2020 since independent practices have treaded water navigating the storm of business ownership during a pandemic. Analysts on staff to help dentists make data-driven decisions, bulk purchasing power to secure personal protective equipment, and human resources professionals to handle staffing issues have all become attractive solutions available through DSOs.

Capital gains tax

Massive government spending programs during the pandemic will come at a cost, even after helping to keep the economy afloat. A capital gains tax is most likely the solution, which may drive dentists to seek an affiliation or exit sooner than later. Financial advisers are advising dentists to hang up their proverbial hats in anticipation of an increase in capital gains tax.

Essential workers status

“This year proved that dentistry is, in fact, an essential service,” Francis said. “Delayed preventive care led to restorative care. Delayed restorative care led to endodontic care. Delayed endodontic care led to replacement procedures.” However, while it’s gratifying to recognize that dental services are vital to overall patient health and well-being, essential medical services are subject to health care reforms.

Commercial real estate

The value of commercial real estate is likely to drop in 2021 with partially or fully remote workforces. Since dentists can’t do house calls or work remotely due to diagnostic equipment, leasing professional office space is a necessity, which gives dental practices the upper hand when it comes to renegotiating a lease, rental rates, or other concessions.

What’s next?

Contact the experts at Professional Transition Strategies to help determine the fate of your dental practice in years to come.

Syracuse, NY General Dental Practice for Sale

Fifteen minutes east of Syracuse, NY lies a promising general dental practice for sale! The current doctor is open to staying on to ensure a smooth transition. Additionally, the real estate is for sale as well. With 1,800 active patients, you’ll be busy from day one.

For an overview of this thriving practice near Syracuse, read below: 

  • 7 fully equipped operatories
  • Collections over $760,000
  • Real estate opportunity
  • 1800 active patients
  • 20 new patients per month

Considered the economic and educational hub of central New York, Syracuse is home to Syracuse University and its multiple research initiatives. The city features 26 neighborhoods and more than 170 parks along with several galleries, museums and performing arts venues. The quality of life is also enhanced by three top medical centers.

To review the prospectus, please contact Kaile Vierstra with Professional Transition Strategies: kaile@professionaltransition.com We look forward to speaking with you!

Southwestern NY General Practice for Sale

An hour an a half south of Buffalo, NY is a charming and growing community in the southwest region of New York. Located in a highly desirable town, this general dental practice is sure to catch your eye! The practice has seen a strong recovery from COVID shutdowns. With 1,700 active patients and an average of 10 new patients per month, you’re sure to be busy from day to one. Additionally, almost all specialty work is referred out, creating an enormous growth opportunity.

For an overview of this promising practice in Western NY, read below: 

  • 4 fully equipped operatories
  • Collections over $580,000
  • Free standing building with 3,200 square feet
  • Large physical expansion opportunity
  • Fee for service practice
  • Highly visible location along prominent roadway

Explore endless outdoor beauty, vast lakes and local wines in southwest NY. Only an hour from the shores of Lake Erie, Allegany and Lake Erie State Parks are at your doorstep as well as the Allegany River. Get in a full day of skiing at Holiday Valley Ski Resort – which is opening new lifts nearly every day!

To learn more about this promising general dental practice for sale in Western NY, please contact Kaile Vierstra with Professional Transition Strategies: kaile@professionaltransition.com. We look forward to hearing from you!

 

Thriving Albany, NY Area Orthodontic Practice (SOLD)

Albany, NY has everything you’re looking for! Just outside this historic community is a busy orthodontic practice for sale. The practice is in a great location to serve a multitude of school districts. Additionally, the current doctor is open to staying on to ensure a smooth transition.

For an overview of this thriving orthodontic practice, read below: 

  • 5 fully equipped operatories
  • Collections of $1.49 million
  • Seller’s Discretionary Earnings of $900,000
  • EBITDA of $243,000
  • Great location on prominent city street

Albany has become a cool place to live with a vibrant downtown lifestyle, new residential opportunities and a social lifestyle that is attracting many younger and middle-aged people to the community.

Ready to learn more and review the prospectus? Contact Kaile Vierstra with Professional Transition Strategies via email: kaile@professionaltransition.com. We look forward to hearing from you!

Stunning Phoenix Metro Area Practice for Sale

If you’ve been looking for the ideal dental practice near Phoenix, AZ this is the practice you’ve been waiting for! Located in a highly desirable suburb of the Valley of the Sun in a spacious professional office park. The current doctor has practiced in the community for over four decades. They are open to staying on to ensure a smooth transition.

For an overview of this top-notch practice near Phoenix, read below: 

  • 5 operatories
  • Collections of $1.9 million
  • Seller’s Discretionary Earnings $800,000
  • Adj. EBITDA $240,000
  • 2,400 active patients
  • ~20 new patients per month

With 300 sun-kissed days per year, residents of Phoenix are rarely inconvenienced by inclement weather – therefore making it ideal for year round cycling, hiking, rock climbing, fishing, or golfing! Consistently rated as one of the best golf destinations in the United States with over 200 courses to choose from. Arizona State offers award winning educational opportunities. Scottsdale is widely regarded as a premier shopping destination and only 10 miles northeast of Phoenix.

To learn more about this attractive dental practice in the Valley of the Sun, please email Kaile Vierstra with Professional Transition Strategies: kaile@professionaltransition.com or give us a call: 719.694.8320. We look forward to speaking with you!