Buy a practice?

[browncrack]

Met a dentist who has been in the same space for >20 years, bought the practice from another dentist also in the same space for >15 years. Nothing in the office <5 years old. several hundreds of patients but not many. Essentially take over and build the practice and pay versus production for a few years. I get the impression the owner will basically walk away if someone doesn't take it. Urban area. Schedule is two days per week. Any thoughts?

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[gn4]

should probably ask this on dentaltown

 

[THS]

Need some numbers before anyone can help out.
Gross production, overhead %, collections %. FFS? PPO?
Are the staff overpaid?
Can you add procedures that the selling doc didn't do?
Can you add new methods of advertising?
You can obviously add 2-3 days per week and increase production that way.

It a good idea to pay low for a low-production practice with potential, but you want to make sure it has potential.

Ask on dental town, with numbers.

 

[free99]

Then post the link here please 🙂


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[tyunup]

check out dentaltown - much broader audience who knows about these things