Dental Transitions Can Be Tricky

dental practice transition

A dental transition can be smooth, or it can be tricky.

dental practice transition

Transitions in the dental world happen all the time. Retiring dentists will sell their practice, or choose to work with the buying dentist during the transition, while new dentists will buy a new practice outright, or choose to transition with the selling dentist.

What is a Dental Transition?

Those two words, practice transition, are probably the most understood words in the dental world. Ask a hundred dentists who are practicing privately what dental practice transition is, and 99 of them will say, broker, sell or retire, however, they also tell us that they aren’t ready to get out of dentistry and retire quite yet.

The true term actually means gradually incorporating an additional medical provider into your dental practice. The agreement is mutual in that the selling dentist will either transfer or share the ownership in the future.

Different from a straight sell, the dental transition can be executed as a growth strategy for the dental practice, an exit scenario, or a combination of the two.

What’s The Difference Between Immediate and Transitional?

An immediate straight dental practice sale is transaction driven, while a transitional dental practice sale is relationship driven because the associate that is buying and the selling dentist are transitioning the ownership of the dental practice through a buyout or partnership.

Because every dental transition is different, it’s important to work with a dental broker who has been through it before. Blatchford Transitions have been in the broker business for decades and as practicing dentists understand the dental practice transition.

Blatchford Transitions can help you define your goals, your work life balance, and how you would feel about a dental transition whether you are the buying or selling dentist.

If you are considering a dental transition in the near future, call or click and schedule a no obligation transition consultation with Blatchford Transitions. Blatchford Transitions are the experts and will help you make a smooth transition.

Call now.

About the Author

Drs. Bill & Christina Blatchford

Dr. Bill Blatchford and his daughter, Dr. Christina Blatchford are the strongest voices in dentistry today for profitability. They are the private practice dentist’s advocate for net return, more time away and increased enjoyment. Bill graduated Loyola in 1970 and practiced for twenty years in Corvallis, OR. Christina graduated OHSU in 2009 and practices in Milwaukie, OR. In their Custom Coaching Program, both Drs. Blatchford have helped thousands of Doctors develop leadership skills and practice success by working personally with Doctor, spouse and team to achieve their dream practice. In addition, they have published four books, including Bringing Your ‘A’ Game 2.0 and No Nonsense Transitions.