The old model of practice sales went something like this. A doctor decides he wants to sell his practice. Someone helps him determine a sale price and it usually ends up somewhere between 60-80% of collections depending on your geographic area and the type of practice. A dentist with a large practice will struggle to sell their practice to another dentist using this model for lots of reasons. But large practices are selling all over the country. What am I missing?
Chip Fichtner of Large Practice Sales joins me to talk about this interesting development. Chip explains the developments in the buying and selling of these practices and how younger dentists have new and interesting options to grow their existing large practices!
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