GP Practice Acquisition

[chubbybunz]

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Some background:

• 5 years out of school (check my post history, it goes all the way back to when I was accepted into dental school)
• Graduated from dental school in 2021 (yay COVID)
• Did a 1-year GPR
• Worked full-time for 1 private practice office for 3 years

I was fully expecting to do the DSO route or multiple part-time offices as a new grad. I would say I was fairly lucky getting a full-time gig in a private practice office that treated me relatively well. The office was remodeled, had a good patient population, and had a scanner/mill/printer, so I was able to get faster with bread and butter, learn treatment planning, and really hone my skills. It was so good that I even wanted to partner! And then like all good things, it had to come to an end when the practice owner's mask fell off. Long story short, I realized he valued money above all else and I was tired of making money for someone else. After 3 years, I hated the idea of starting over in another associateship and I started feeling the itch for ownership.

Enter what felt like being in the right place at the right time--a retiring dentist in my study club was selling her practice! But as an associate, I had no idea how to go about these completely uncharted territories. And for anyone in the same position, I thought it'd be helpful to recommend the consulting company I went with, Michael Dinsio and Next Level Consultants. Michael looked over the practice I was interested in, gave me his honest opinion, and basically held my hand every step of the way, from LOI, due diligence, to checklist to close. I would recommend using them if you're feeling lost in practice acquisition, but also if you're not sure if the practice you want is the one to jump into (and commit for the next 10-15 years of your life!).

 

[Blueshirts]

Associates are not looked at like human beings, but as money making machines