Making any kind of dental transition is challenging whether you are buying a dental practice, looking to add a partner to your practice, or wanting to retire and sell your dental practice. Regardless of the transition, it takes teamwork to make it successful.
Custom Made Solutions for a Successful Transition
Blatchford Transitions can help you make the change whether you are a young dentist fresh out of school, or a veteran doctor who is ready to see the world and retire. Drs Bill and Christina Blatchford have been helping dentists transition for decades and have the knowledge to make it happen it for you and your dental practice.
Because every dental practice is different and depends on transitional circumstances, there are several ways to structure the dental practice transition. Whatever the negotiation, it takes a professional to help iron out the details.
What is an Internal Dental Transition?
This type of dental transition involves a working doctor who brings in a younger associate that had been hired into the dental practice for a set amount of time or a, “Trial period.”
At some point in time, the equity transition will transpire when the older or retiring dentist leaves the practice or decides to work part-time. This type of dental transition allows the selling dentist to feel more comfortable with respect to the incoming dental practitioner. To find out if this type of transition is right for you, call and talk to the team from Blatchford Transitions.
What is an External Dental Transition?
If an internal dental transition isn’t feasible for the practice, the selling doctor can externalize the process selling out right to another dentist, a consolidated health care company, or a practice group. Blatchford Transitions can help you plan so that both parties have adequate time to complete the dental transition.
Unlike an internal transaction, most documents in an external dental transition are created AND negotiated, after the buyer has concluded his due diligence, and made an offer.
If you are considering a dental transition, call or click and schedule a no obligation consultation with the experts from Blatchford Solutions. It really will make a difference to your transaction.