DSOs & GBs What Practice Sellers Need to know
How many times have you thought to yourself, “If I could just do dentistry, life would be good?” Many practice owners get bogged down by the managerial side of dentistry – staff, payroll, etc. Dental Service (or Support) Organizations (DSOs) and group buyers could be an option to take this burden off your hands for a price.
In this episode, we dive into the distinctions between DSOs and groups and some special considerations if you should choose to sell your practice to either of them. Like most things in life, there are good ones, bad ones, and ugly ones. Educate yourself on what to ask and what to watch out for.
Our subject matter expert on the topic is Greg Jones. Greg is a Licensed Real Estate Broker and the Director of Operations for Doctor’s Choice. Doctor’s Choice is Florida’s largest statewide professional dental practice broker, consistently maintaining over 100 practice opportunities, and representing dentists statewide for over 30 years.
Greg has been with Doctor’s Choice since 2014 helping dentists transition into retirement or ownership. He was awarded ‘Top Agent’ in 2020 and is also a member of the National Association of Practice Brokers (NAPB) and Practice Valuation Study Group (PVSG). Both of these are prestigious groups of only the top dental practice brokers in the country.
Questions addressed on this episode:
- What are groups and what are DSOs?
- What is the future of DSO dental practice purchases?
- What are DSO and group buyers looking for in a practice?
- What are the main differences between DSOs?
- Should sellers use a broker when selling to a DSO or group?
For more information, contact Greg directly by phone at: 561-596-1782, or via email at: greg.jones@doctors-choice.com. Learn more about Doctor’s Choice online at: Doctors-choice.com
Learn about dental practice transition specialists in your area by messaging: office@longinthetooth.info
Long in the Tooth provides non-clinical gems of wisdom for older dental practice owners. Learn more about this podcast at: longinthetooth.info