The dental industry has seen a significant increase in consolidation over the years, with many solo practitioners and small group practices opting to sell their practice to a dental support organization (DSO).
So, why is selling a dental practice to a DSO becoming an increasingly popular option for dentists? And how can Strategic Medical Brokers (SMB) help you navigate this process successfully?
What does selling a dental practice to a DSO mean, and what are its benefits?
Selling your dental practice to a DSO essentially means transferring ownership of your practice to a larger organization that provides support and services for multiple dental practices. This allows you, as the selling dentist, to step away from the day-to-day management and administrative tasks of running a solo or small group practice.
Some of the benefits of selling your dental practice to a DSO include:
· Lower overhead costs – Operating a dental practice comes with various overhead costs, such as equipment, supplies, and staff salaries. When selling dental practice to a DSO, these costs are often consolidated across multiple practices, resulting in lower expenses for each individual practice.
· Continued practice post-sale – Selling your dental practice to a DSO doesn’t necessitate retirement. In fact, many dental professionals who still enjoy their clinical work but wish to be free from managerial responsibilities choose to sell to a DSO. This transition allows them to continue practicing at the original location and focus solely on patient care and the clinical aspects of the practice while the DSO takes care of business operations.
· Secured financial support – Finally, selling your dental practice to a DSO provides financial security for your future. By joining forces with a larger organization, you can benefit from their resources and expertise in running successful practices, allowing you to enjoy a stable income and potentially even grow your earnings.
How Strategic Medical Brokers Can Help
When selling your dental practice, partnering with a specialized broker like Strategic Medical Brokers can make all the difference. With over 40 years of experience in the healthcare industry, SMB is well-equipped to assist you throughout the process and ensure a successful sale.
Ready to take the next step? Contact Strategic Medical Brokers today to schedule your free consultation and discover how we can facilitate a smooth and profitable sale of your dental practice.
Strategic Medical Brokers, a formidable team of healthcare transition specialists, combines a wealth of collective experience garnered over decades within the healthcare industry. As Trusted Allies for Healthcare Providers, they offer invaluable guidance in traversing the intricate path from active practice to retirement. They specialize in aiding successful owners of medical and dental practices who are considering an exit strategy, offering thorough insights into the various available options.
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