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

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

10/18/23 • 23 min

Practice Partnership: Monetizing Your Dental Practice

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!

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]

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!

Previous Episode

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

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.

Next Episode

The Upside of Higher Interest Rates for Dentists

We all know interest rates have been rising – but what does that mean for your dental practice? Strap in for another insightful episode where host Chip Fichtner brings to light the surprising upside of increased interest rates on dental practice values. It's not all doom and gloom – the influx of new capital into dental consolidation has given rise to well-capitalized bidders and set record values for practices. The secret sauce? Leveraging liquidity and diversification opportunities through invisible DSO partnerships for high returns on cash and tapping into the dental trifecta for double-digit organic growth.
Chip also shares a refresher on the headline advantages of monetizing your dental practice through an IDSO partnership. It's not only about reducing day-to-day administrative and recruiting headaches – it's a golden opportunity to scale your practice and build it bigger, better and more profitable. The fact is, the right IDSO partner can be a catalyst in safeguarding your practice against turbulent times and creating generational wealth.

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

Transcript

Chip Fichtner00:00:02.005

Hello doctors , this is Chip Fitchner , with another episode of Practice Partnership , in which we hope to educate doctors on the opportunities to monetize a part of their life's work by partnering with an invisible dental support organization , a group that becomes your silent partner by buying anywhere from 51 to 90 percent of your practice for cash , with you continuing as an o