Drazen_ / E+
During a time of immense change, dental practices are beginning to look toward the future and how will they survive the COVID-19 pandemic. One consideration is transitioning your practice through either buying a new practice or selling your dental practice.
The guest for this week’s episode of The Art of Dental Finance and Management podcast is Art’s long-time friend and dental attorney, Dr. Lee Maddox of Maddox Healthcare Law. Dr. Maddox has over 30 years of experience as both a dental attorney and a dental broker, and he ran Henry Schein’s brokerage operation for over five years.
In this episode, Art and Dr. Maddox discuss:
- The state of dental practice transitions
- What sellers need to consider when thinking about selling now, versus waiting
- Considerations for buyers when buying practices
- What banks are doing and how they are evaluating practice sales transactions
- Possible ramifications of waiting until 2021 to sell your practice
