Are you considering selling your dental practice to a Dental Support Organization (DSO) but want to make sure you’re getting a good deal? We understand how different and downright confusing it can be to navigate the sale of your practice and to ensure you’re getting the best possible arrangement–for you, your team, and your patients.
Here at NextLevel Practice, we have a variety of tools and programs that can help you make the most of this once-in-an-industry consolidation.
Understand the DSO Landscape:
Navigating the world of DSOs can be overwhelming to say the least! That’s why we leverage our extensive knowledge of the DSO landscape to give you information that will help guide you through the research process. Check out our column in Dental Economics, watch one of our many webinars on the topic, or even come to our live event in August for two entire days of in-person instruction on what is trending in DSO negotiations, how to prepare, and what life looks like on the other side.
Evaluate Your Practice’s Financials:
One of the most important aspects of DSO negotiation is knowing how much your practice is worth, and knowing how to improve it. NextLevel Practice understands the importance of assessing your practice’s financial health. Our Practice Valuation gives more than just a single number–it gives direction on how to improve it.
Our team of experts will meticulously review your revenue and profitability trends, assess the current value of your practice, and analyze overhead costs to identify areas for improvement. With this thorough evaluation, we ensure that you have a clear understanding of your practice’s financial standing as well as its potential for growth so you can make the right choice–enter negotiations or spend some time improving your profitability so when you do enter negotiations, you’ll get a significantly higher multiple.
Get a Second Opinion
Have an offer in hand from a DSO? Just like it’s important to get a second opinion from a medical doctor before you get surgery, it’s vital you get a second, unbiased pair of eyes on a DSO offer before you sign on the dotted line. We’ll wade through the legalese to find the heart of the offer, identify any red flags, and give our honest opinion about the financial aspects and terms. In short, we’ll help you gain the peace of mind that you’ve done your negotiations right and are getting the best deal possible.
Selling your dental practice to a DSO can be a significant decision in your professional journey. We understand how important securing a good deal that aligns with your goals and maximizes your benefits is for your future. With our comprehensive expertise and personalized guidance, we’re here to give you the support you need so you can feel confident that you’re making the right choice.
You don’t have to navigate the complex world of DSOs alone. NextLevel Practice is here to help.