1st Med Transitions Articles

 

Why You should sell with an industry specialist?

April 10th, 2017 by Michael S. Furlong

Thinking about selling your practice on your own? You may want to think twice about this type of endeavor. Successfully selling a medical practice requires an entirely different type of skill set than practicing medicine. You may have achieved great success building your practice, mentoring associates and cementing patient relationships, but actually selling a practice is entirely different. Read More

 

Read this before you sell your practice

March 5th, 2017 by Michael S. Furlong

Congratulations! You are at the stage of your dental career where you are finally ready to sell your practice. Years of hard work establishing and growing your practice are about to pay off! Whether you are headed towards your retirement or have new career ambitions in mind, this final decision may be the most important of your professional career. Read more

 

why a practice valuation is important when selling?

February 11th, 2017 by Michael S. Furlong

For a seller, it is very important to have a practice valuation performed because it confirms the validity of your selling price. It can also limit "low-ball" offers from buyers looking for a bargain. This can save time, money and headache by diverting the deal hunters and allowing us to focus on real buyer. It also shows potential buyers that you are serious about selling your practice and have done the necessary legwork to prepare the practice for sale. Read more


What sellers need to know about cash flow?

January 17th, 2017 by Michael S. Furlong

Why is cash flow important? Cash Flow is a practices earnings before interest, depreciation and amortization and any other personal financial add-backs that will not transfer to the new owner. Cash flow is important because it is used to determine the profitability of a practices operations. So how can this indicator make or break the sale of an practice? Read more

 

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Seller Articles & Resources


]   Why Sell With A Specialist?
 
]   Why Cash Flow Matters?
 
]   Why A Valuation is Important?
 
]   Ready To Sell... Read This First!
 

Client Testimonial

Selling a dental practice is no easy task, and this was the second time I was doing it within the last three years. I have to tell you that whole experience this time was a hundred times better than last time.

You were truly there all along, every step of the way, and really went above and beyond what could be expected from you to make this transition as smooth and timely as possible

I really appreciate all the hard work you put in and all the hand holding you did when I needed it. If ever any of my peers or colleagues need to buy or sell a practice, you will come highly recommended from me for the wonderful job you have done.

Dr. Namrita Singh, DMD