At 1st Med Transitions, we understand that Buying A Dental Practice on your own can be a difficult and time consuming task. Whether you are ready to buy now or just browsing for a dental practice, our transition advisors are happy to discuss your options.
We know that you have invested years of hard work into your education and experience. When it comes time to buy your dental practice, you want to have the right team in place to help and support you every step of the way.
Search Our Practice Listings without committing or feeling pressure to make a move. Browse listings, save favorites, and let us know if you would like more information.
Once you have a singled out a practice of interest, the listing broker will share our Buyer Acknowledgement and Non-Disclosure Agreement for you to review and sign.
When the listing broker receives your signed NDA, he will share our online data room for you to securely log into and review pertinent practice documents, such as the pictures, practice profile, historical financials and practice reports.
If your review of the practice documents is satisfactory and you would like to visit the practice, let the listing broker know and a site visit will be scheduled for you to tour the practice and meet with the seller to discuss the clinical side of the practice.
If you decide this is the practice for you, discuss with your advisors if necessarya and make an offer. The listing broker will discuss your offer with the seller and let you know if they will counter or accept.
As soon as both parties agree on an offer, a Letter Of Intent will be structured Once the LOI is signed by both parties, the transactionw will enter a due diligence period where the buyer will have an opportunity to do a deeper dive into the financials, practice software, charts, fee structure, etc. The corresponding attorneys will also begin to work on the purchase & sales agreement to legally bind the parties to the sale.
When the due diligence period over and the contract finalized, we are ready to close the transaction and move into the transition period. During this preiod, the seller will work with the buyer for a pre-determined amount of time to get them up and running at the practice.
To join our buyer's list, complete our Buyer's List Form Here and you will receive a confirmation email shortly.
years of industry experience
in closed practice transactions
Prince George's County, MD
Panama City, FL
Montgomery County, MD
Mt. Vernon, NY
Search Our Lisings Here and contact the listing broker if any practices peak your interest. After singning our NDA, the listing Broker will securely share with you the Practice Profile, Financials and Clinical Reports for you to review.
If you are intersted in pursuing the opportunity further, the listing Broker will schedule a site visit for you to tour the practice, meet with the seller and discuss the clinical side of the pratice.
If you determine the practice is a good fit, you are able to make an offer, negotiate, enter due diligence and close on the Practice!
“ From the time when I signed onto 1st Med to the day I received payment for my practice was a mere few months and I can honestly say that I have zero regrets. I can’t imagine why anyone would go with one of the large ‘old school’ brokers that wanted to charge me twice what David did.
Yes, you are responsible for showing your practice to perspective buyers, but who knows more about it than you? You just need qualified pre screened buyers to come to your place, and that’s what David provided me. ”
“ The professionalism, patience and tolerance David demonstrated transitioning a husband & wife, multi-specialty practice was remarkable (trust me, it's tricky business!). His commitment to our practice well-being and our professional future well-being was truly unmatched.
Never felt so free and financially secure in my life. Finally, I am able to enjoy what I am trained to do best, being an exceptional dentist, while still being able to spend quality time with my family and enjoying my time off. ”
“ I didn’t expect him to go above and beyond his way to ease up such a stressful process. I decided to give 1st med transitions a try, because unlike others, they didn’t require a long term contract and I should confess I am extremely satisfied.
With other companies, you’re pushing your luck if you miss Monday through Friday schedule, but for Micheal office hours is just on paper, he is available after hours and on the weekends, if needed. Words cannot do justice describing his professionalism and helpfulness. ”