Ep. 68: The 10 Biggest Mistakes When Purchasing a Dental Practice

Whether you are buying your first practice or acquiring additional locations to expand your business, there are a number of ways it can go very wrong—and most practice brokers won’t warn you about these. So this week, Sabri Blumberg joins us to discuss how you can do your due diligence ahead of time so your future in the practice is filled with success, not regrets.    2:55 – Buying too much practice 8:15 – Buying a practice with no production in the charts 10:23 – Overpaying for the practice 15:03 – The “active patients” aren’t actually active 19:06 – Not verifying that accounts receivable is adjusted 21:26 – Not being specific enough in the contract 27:00 – Not accounting for Delta Premier 30:09 – The practice is valued based on types of production you won’t be doing 33:02 – Mishandling the staff transition 39:49 – Ignoring red flags   Practice Acquisition Checklist - https://www.mgeonline.com/practice-acquisition-checklist-3