How to Grow Your Practice with a Dental Trifecta (with Brian Anderson)

09/15/23 • 34 min

Practice Partnership: Monetizing Your Dental Practice

In this episode, special guest Dr. Brian Anderson flips the script and interviews LPS co-founder and host Chip about his proven concept of a Dental Trifecta, where an IDSO partners with pediatric, orthodontic and oral surgery practices within the same community. As you listen, you'll learn how the trifecta strategy can drive up internal organic revenue growth, increase practice values and provide resiliency even in turbulent financial times. This conversation is essential listening for all dentists looking to future-proof their practice and maximize their value.
Dr. Anderson is an orthodontist at Foothill Orthodontic Specialists and runs the Orthodontic Pearls Facebook Group, which has over nine thousand ortho members globally. Brian's also the founder of the Mother of Pearls Conference, held in San Diego October 12th-14th, 2023. You can see Chip present at MOPC on October 13th.

Large Practice Sales is the largest advisor to GPs and specialists of all kinds seeking to monetize all or part of their practice. If you're interested in learning the potential value of your practice in an IDSO partnership, visit our website or you can email us at [email protected]

Previous Episode

The DIY Problem: Why You Shouldn't Navigate an IDSO Partnership Alone

Are you ready to navigate the labyrinth of invisible DSO partnerships on your own? (Spoiler: you're probably not). Settle in as LPS co-founder and host Chip Fitchner guides you through the maze of variables and "gotchas" underlying the IDSO world, from employee agreements to associate ownership. By the end of this episode, you'll appreciate why it's crucial to have a pro by your side to decipher these complex aspects, avoid common pitfalls, and advocate on your behalf for the highest possible value. Chip even shares with you a couple real-life examples where practices that eventually engaged in a bidding process led by LPS secured many, many millions more than the initial offers they received when going-it-alone.
This episode is a treasure trove of insights that demonstrate how LPS achieved over $600m in IDSO partnerships in 2022 alone. This episode is not just about highlighting the potential pitfalls of DIY-ing a partnership, it's about empowering you to maximize the value of your practice and create generational wealth. So join Chip on this journey and let's conquer the IDSO world together!

Next Episode

IDSOs, Inflation & Interest Rates - What Doctors Need To Know About Practice Values Today (with Maxwell Sellers)

Today, Chip speaks with Maxwell Sellers (Principal, Development & Buy-side Relations, LPS) to help us map the complex terrain of dental practice deals within the larger economy. Maxwell's diverse experiences (from J.P. Morgan to private equity and multi-site healthcare) shape his perceptive outlook. As you listen, you'll gain valuable insights from someone who has overseen transactions worth over $2 billion in the past six years at LPS.
This episode touches on:

The nitty-gritty of practice pricing and valuations
Successful partnership stories from Florida to California
The key criteria for identifying potential partners
The importance of investing in the right people
Public vs. private markets
And more!

Practice Partnership: Monetizing Your Dental Practice - How to Grow Your Practice with a Dental Trifecta (with Brian Anderson)

Transcript

Chip Fichtner00:00:01.824

Hello doctors , I'm your host , chip Fitchner , the co-founder of Large Practice Sales , and you're listening to Practice Partnership monetizing your practice .

Chip Fichtner00:00:12.284

Good afternoon , thank you for joining us . Today we have a very , very special guest , an exceptionally successful orthodontist by the name of Brian Anderson . Brian Anderson is