Miscellaneous
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 Dr. Maddox is one of the most knowledgeable people in the country on dental practice transitions and his insights for dentists looking to buy and sell are extremely valuable. Art is here to answer any question you may have on this topic or anything related to dental finance and management. He can be reached at awiederman@eidebailly.com or 657.279.3243. More information about the Eide Bailly dental team can be found at www.eidebailly.com/dentist.