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Win/Win solutions are the cornerstones of our
philosophy. If the practice
being purchased is listed through Transition
Resources, Inc., we
are compensated only by the
selling dentist. We
work hand in hand with both parties to make the transition as seamless
as possible. We are in constant contact with both party’s accountants,
attorneys and consultants to insure a timely closing and transition.
Our goal is to facilitate a smooth transition process.
Over
98% of new dentist listings are transitions where the new dentist
actually purchased an existing practice.
Unless a dentist locates (1) in a very rapidly growing area
under served by the dental community, or (2) in a rural location,
starting ‘from scratch’ is not usually recommended. The average cost
to set up a new, efficient operation in a metropolitan area today is
$35,000 - $40,000 per operatory plus tenant. Whatever solution
is chosen, the tenant improvement costs can add up to a very sizable
figure.
Purchasing an established practice will provide an immediate
patient base as well as the luxury of an immediate income. An
experienced staff familiar with the patients and systems is equally
important as patient base and income.
Staff retention coupled with proper transition strategies
minimizes the attrition of the active patient base. |