Evaluating a dental practice for purchase or associateship.
Private dental practice can be achieved through either outright ownership or an associateship in conjunction with senior dentists; the decision depends on personal and professional objectives and goals. Once a decision is made, the time and effort required to identify an appropriate practice, negotiate the terms of purchase or associateship, and transition to the new practice can be daunting. This article reviews the process and provides an overview of the general steps involved in the evaluation of a dental practice for purchase or associateship. With appropriate knowledge and preparation, due diligence, and ethical and sensitive behavior, transitioning to private practice can be successful and lead to professional and personal fulfillment.
Diecidue
Robert J
RJ
Department of Oral and Maxillofacial Surgery, Thomas Jefferson University Hospital, Philadelphia, PA, USA. diecidue@jeffersonhospital.org
D003815:Dentists; D005069:Evaluation Studies as Topic; D005376:Financial Management / Q000191:economics / Q000458:organization & administration; D006040:Goals; D006801:Humans; D007407:Interviews as Topic; D010067:Ownership / Q000191:economics / Q000458:organization & administration; D010318:Partnership Practice, Dental / Q000191:economics / Q000458:organization & administration; D011215:Practice Management, Dental / Q000191:economics / Q000458:organization & administration; D020443:Practice Valuation and Purchase / Q000191:economics / Q000458:organization & administration; D011331:Private Practice; D011365:Professional Practice Location