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Generally, the buyer’s biggest fear is that he will not retain the seller’s patients after the closing, yet be straddled with huge acquisition debt. The manner in which the transition is handled can cause the buyer financial hardship, or create an environment for the buyer’s success. Here are our 13 tips that will assure a smooth transition of seller’s patients to buyer.
When dentists retire from a group practice, it presents interesting challenges for the retiring dentist, and for the remaining dentists.
For the young dentist buying a dental practice is one of the most important career decision one can make. It provides a golden opportunity to practice independently and achieve financial success as well.
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Testimonials
I give great thanks to the Almonte Fallago Group for guiding me through the sale of my dental practice. From our first meeting with Jean, through all the negotiations and ending with a smooth transition, your assistance has been invaluable. Your professionalism, attention to detail and sage advice made the process simpler than I even thought possible. I have already recommended you to one friend thinking of selling and will continue to do so.
Thank you very much. "
-Thomas F. Cahill, DDSWest Brookfield, MA
Thomas F. Cahill, DDS
I would urge anyone to utilize Jean Fallago and her team, whether you are selling, looking to acquire an office for expansion or if you are ready to dive into private practice for the first time. Jean will be sure to match you up, so that your future success will be certain and stress free.
Elias Koutros DDS
I first met Jean and Paul 3 years ago, when thoughts of transitioning were just beginning. They developed a plan and I followed it with continual guidance. When the time came to list the practice, multipole meetings were held on two consecutive days. The result was multiple full price offers on the first weekend of listing. The overall process was handled with experience and professionalism. On a side note, I purchased the practice 30 years prior through the Almonte Group as well. I highly recommend Jean and Paul of the Almonte Fallago Group.
Guyle Morris DMD
Dear Jean Fallago and Staff: I am writing this E-mail to you to express my most sincere thanks for the most professional representation. You have stuck by me through a couple of years in dealing with this very stressful scenario of selling my practice during covid. I admire your composure, work ethic and most of all your excellent representation during this process. You spent a lot of time and work through this tough time and it is greatly appreciated. Again, thank you so much. Dr. Sheldon Yunes
Sheldon Yunes DMD
Both Jean & Paul were extremely helpful in the initiation, valuation, and evaluation of the practice and buyer. The fact that I had a choice of buyers made me feel comfortable at picking the right dentist. Considering babies born, health issues on your side, COVID, quarantining, etc, and the nutty PPP escrow, I think all went well! Stay safe and much success in the future!
Thanks Jean and PaulMichael Santacroce DMD
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