Practice Transitions Expert Panel
Original Release Date: August 25, 2022
Expiration Date: August 25, 2023
Cost:
VDA Members and Students - This program is provide to VDA members and students at no cost.
Credits: 0 - This program does not earn CE credit.
Course Description (Lecture Style Webinar)
The panelists brought their expertise in answering member and student questions including:
- Pros and cons of purchasing an already existing practice or starting from the bottom up
- The climate for buyers and sellers in different regions of Virginia
- How does one start the process of practice valuation and transition?
- Best way to approach partnership discussion?
- How to conduct negotiations during the buying process of the practice?
- What financial documents are essential to review when considering buying a practice?
- Typically in a new general dentist office purchase, what percentage of business income should go to pay for the ten year loan? What is the bank expecting and what is tolerable?
- How should I prioritize paying off student loans vs. other expenses before setting out to purchase a practice?
Participants:
- Jim Alley, CPA, LLC
- Natasha Gillis, Esq., The Gillis Firm, PLLC
- Malika Azargoon – ZAR consulting
- Bill Schulz – Commonwealth Transitions
- Brad Peiffer – Bank of America
- Mike Fitzpatrick – R.K. Tongue
- Andrew Gerner – R.K. Tongue
- Dr. David Stafford, Chair, New Dentist Committee
- Cathy Tungate, Director of Advisory Services, ADA Practice Transitions (ADAPT)