Podcast Episode #450: DSO Mania – The End of an Era? – Brannon Moncrief
Episode #450: Dentist Freedom Blueprint Podcast
DSO Mania – The End of an Era? – Brannon Moncrief
Brannon Moncrief brings so much relevance to our space in dentistry, particularly as it relates to the movement of practice transitions in today’s economy. He’s back with me for another episode to talk about the state of the private equity and DSO world and what we can expect when it comes to investing and transitioning in the dental space. If you are considering a practice transition, this conversation will be a valuable way to better understand your options, especially when it comes to DSOs.
You will hear about how Brannon and his team help practices navigate transition and how their recommendations have changed to deal with the unique challenges of today. He also sheds light on the changes in DSOs and what they have done to improve the situation for doctors and practice owners. Don’t miss Brannon’s key insights that will help you make the best decision for your practice exit.
Minute Markers:
1:14 – Who Brannon is and how he got into the arena of practice transition.
3:03 – How private equity, DSOs, and practice sales have changed in the last few years.
7:26 – Why some practice owners may be attracted to the DSO model.
8:40 – How DSOs are changing to improve the situation of doctors and practice owners.
10:35 – The equity component that can be expected for most doctors.
13:29 – The issues going on in the industry, what to be aware of, and why these issues are popping up more than ever.
19:40 – How deep to go when vetting prospects.
25:50 – How to know if it’s a great offer.
28:38 – A new era and how to be prepared for it.
Featured on the Show:
Brannon Moncrief: Website | LinkedIn
P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
In this episode, we finish up the second part of my interview with Rob Swanson and his eight rules of investing. (If you haven’t listened to part 1, be sure to go back and give that a listen before jumping into this one.) Today, we pick up where we left off, covering rules four through eight and talking about everything from decision-making to cash flow and risk reduction.
Listen in as Rob shares his incredible insight and experience in real estate and investing to give us a few rules that help make our decisions and investments more solid. You will hear about the importance of looking at margins before buying and what boxes need to be checked when it comes to predicting a solid income stream. Rob also discusses how to define and mitigate the different risks involved so that you can come out on top.
Alastair MacDonald is a private advisor to established entrepreneurs, investors, and business owners, as well as a TEDx speaker who lectures on economic, social, and financial forecasts. Join me today to hear part two of our conversation at the Freedom Founders Mastermind, where we dive into the concept of certainty, how to hedge against a volatile economy, and why the abdication model is no longer one that works.
Listen in to learn the reasons why Alastair is not worried about consumer price inflation (and what he’s really worried about instead) and why the 401(k) is not always the investment that it is made out to be. You’ll learn why he is most concerned about the issue of division and polarity in the Western world, why your business is your best asset in a volatile economy, and how you can maintain its viability to weather the most intense economic storm.
1. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Go to www.FreedomFounders.com/Scorecard to take the 3 minute assessment and get your scorecard.
2. Attend A Workshop:
If you’re committed to Freedom, but still building a practice, paying down school debt, or growing investment capital, our hands-on Freedom Blueprint Workshops are your entrance ramp onto the fast track! Visit www.freedomfounders.com/workshop to claim your seat!
3. Apply To Visit The Mastermind:
If you’d like to join dozens of dentists, docs, and practice professionals on the fast track to Freedom (5-7 years max), visit www.freedomfounders.com/step-1 to apply for a seat.
4. Want to Work Directly with Me?
If you’d like to work directly with me and a small group of my closest investment colleagues, with direct access to the dealmakers and asset classes that I invest in, just send a message to my Executive Assistant (Lindsey@FreedomFounders.com), and put “Fast Access” in the subject line. Or, call (972) 203-6960 Ext 144 and leave a brief voicemail for Lindsey. Let her know you’re interested in the Fast Access program – we’ll set up a time with you to talk, find out about your goals, and see if there is a fit.