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"I began my general dentistry practice in South Elgin in 2006. I made the decision to partner with both the accounting and consulting aspects of Professional Practice Consultants at its inception. I continue to work with PPC today to insure the continued success of my business. I have been extremely satisfied with their proactive approach to dentistry. Their assistance has helped me in reaching my practice goals, in increasing office production, and most importantly, in increasing profitability. PPC is an integral part of my practice."

Dr. Michael Whitted

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"Over ten years ago, my associate dentist was looking to purchase a dental practice and he noticed that all of the successful dentists had one thing in common; they all used Professional Practice Consultants.  After his meeting with PPC, he urged me to meet them.  Having the same accountant for many years, I reluctantly agreed to a meeting.  PPC has been my accounting firm ever since that date. I have since referred many of my dental colleagues to PPC without hesitation and hope that you too will make the same wise choice to enlist PPC as part of your accounting and practice management team."

Dr. Shawn T Post

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"I have worked with Professional Practice Consultants for more than twenty years.  Having an accounting and consulting firm with extensive knowledge of the dental industry has assisted me in growing my practice and the practices of many my referring dentists. I highly recommend using PPC."

Dr. Thomas G. Manos.
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Valuation and Transition

Whether you are a recent graduate, a motivated associate looking to buy your first practice, in the midst of a divorce, or retiring and selling all or part of your practice, determining the fair value of your business is both challenging and consequential. Each dental practice valuation is unique and complex, differing even between specialties. Whether you are buying or selling, it is crucial to work with a firm that is familiar with both the industry at large and your unique business.

You can rely on PPC's expertise to guide you through these difficult decisions by objectively evaluating such areas as structure, legal, cash-flow analysis, and tax considerations

Our complete, comprehensive evaluation package considers the following:

  • Practice Description
  • Facility Design
  • Demographics and community profile
  • Services and treatment rendered
  • Premise lease/ownership
  • Patient flow, appointment & recall systems
  • Chart Audit
  • Fees, payment and collection history
  • Personnel
  • Revenue Analysis (FFS, PPO, HMO)
  • Analysis of financial statements
  • Leasehold improvements appraisal
  • Goodwill analysis (Enterprise v. Personal)
  • Supplies and Instruments
  • Equipment and furniture appraisal

A practice Valuation from PPC can be used for:

  • Obtain financing and growth
  • Buying or selling a practice
  • Incorporation and insurance
  • Financial planning
  • Ownership restructuring
  • Divorce
  • Transition planning

Our complete evaluations provide comprehensive information required by all parties involved in a transition.  This includes vendors, purchasers, accountants, lawyers and bankers.

Our dental practice evaluation reports are readily accepted by all of the major banks for 100% practice purchase financing.

Please fill out our quick Online Form for a Dental Practice Evaluation   

 

Dental Practice Transitions

We specialize in assisting dental practitioners with comprehensive Dental Transition Planning and plan implementation strategies to help minimize the chaos and disruption that often occurs during major life and practice transitions. We assist dentists and teams with managing the change process of:

Arbitration/Review of Existing Shareholder Documents

  • Adding an Associate/Partner
  • Buying or Selling a Practice
  • Opening a New Practice
  • Growing by Acquisition
  • Associate Feasibility Analysis
  • Retirement Planning

Instead of wasting valuable time with trial and error, you will follow a personalized success plan tailored to your practice.  We leverage the excess value in a practice to create a mutually beneficial working relationship for all parties.

Working with PPC, you can concentrate on doing what you do best – practicing dentistry – and leave the rest to us.
Here is what to expect:

  • Meet to discuss your goals and ideas. Are you ready for a transition?
  • Diagnosis of your situation.  Is the practice ready for a transition?
  • Present Transition Plan.  This will include analysis of historical results, and approximate value of your practice
  • Implement the plan.  We will work with the practice to accomplish goals.
  • Support the plan. We are a full service accounting and consulting company. We can assist in all such functions related to the sale.