130: Two DSO Models To Choose From With Mr. Brian Colao
Release Date: 02/18/2020
141: Business Systems To Reduce Viral Transfer
Business of Dentistry
Just to give you an update of my practice right now, we initially did a gradual rollout, bringing in our team members back on piecemeal over a period of three weeks.
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140: Preparing for Our Return to Practice with Dr. Victor Martel
Business of Dentistry
Today, Dr. Victor Martel joins me as we talk about the possible changes and challenges that we, as dental care providers and business owners, need to consider as we’re preparing for the reopening of our offices.
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139: Coronavirus Conversation With Dr. Justin Moody
Business of Dentistry
In today’s episode, we discuss different topics including what he’s been doing during this pandemic and his plans moving forward. We also talk about the Implant Pathway and how we can use this downtime to learn more about implants.
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138: Practice Changes Post Pandemic with Dr. Mark Costes
Business of Dentistry
In today’s episode, Dr. Mark Costes talks about things related to the pandemic and how things are going to change going forward with our practices. Mark likes to call everything that’s happening right now as just a reset.
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137: Adopting Teledentistry Into Your Practice With Dr. Vilas Sastry
Business of Dentistry
With a lot of offices shut down during this pandemic, being able to continue our dental practice has become a real challenge.
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136: The Recession Playbook by Sally Hogshead
Business of Dentistry
In today’s episode, I’m sharing with you an email that I got from Sally Hogshead.
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135: Show Me The Money! SBA Loan Update
Business of Dentistry
Today, I’m going over some good, confirmed Small Business Administration (SBA) information that you can use today (something that I received in my inbox). This is a direct email, which is official documentation or correspondence from them.
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134: Dentistry is Dead?
Business of Dentistry
In the face of this present pandemic, do you think dentistry is dead?
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133: What The Hell Just Happened? Weathering the Coronavirus Storm
Business of Dentistry
The coronavirus situation has been so dynamic and changes quickly. There has been a lot of information and misinformation. I've seen people approaching it very level-headedly, people in near panic mode, and people who seem to be taking this way too lightly. And I’ve been trying to stay in the middle of the road, trying not to be too quick to react or make any knee-jerk decisions that I might pay for later.
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132: Stoicism With Dr. Standridge
Business of Dentistry
Stoicism has opened my eyes to a new way of thinking. I have been able to apply Stoic principles in my practice and my personal life. For those not familiar with Stoicism, it is a philosophy of personal ethics informed by its system of logic and its views on the natural world. Dr. Matthew Standridge is the person who introduced me to this philosophy. And this week, he is my guest!
info_outlineAre you considering selling your dental practice? Whether you are thinking about it or not, it is beneficial to know your options if that time comes. This episode goes over some of the details including the risks and benefits of selling a private practice to Dental Service Organizations (DSOs) and to the private equity market. There are tremendous opportunities in the market right now for selling in one of these methods as opposed to selling directly to another dentist. My guest this week is Brian Colao, an attorney specializing in dental support organization, structuring, restructuring, and sales of private practices to dental support organizations or private equity agreements.
Listen to this episode to consider ways to receive the best value possible for your practice and to have a greater understanding of your involvement in deals to make the future successful for your organization.
In this episode, you’ll hear:
- Consolidation of practices is continuing at an unprecedented rate and selling directly to other dentists is a process that is phasing out.
- What a DSO is, how selling to one can benefit you, and the level of involvement you can still have.
- What a private equity transaction is and what that means to you.
- There is a shortage of dentists in the United States right now and DSOs typically do not want to “clean house,” instead they want to keep productive offices moving forward.
- Dentistry has proven to be recession-resistant and since 2010 or 2011 has stirred increased attention with private equity investors.
- How to know whether you like a hands-on or hands-off oversight when considering going with a DSO versus a private equity deal.
- The importance of asking for references before getting involved with people in the industry.
- Staffing programs for practices around the country and opportunities in remote areas.
- Information on the upcoming conference this July in Dallas. This is a great opportunity to learn more about this marketplace.
Connect with Brian Colao:
Dykema
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IG - https://www.instagram.com/businessofdentistry/
Twitter - https://twitter.com/businessdentist
LinkedIn - https://www.linkedin.com/company/business-of-dentistry/
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EPISODE CREDITS:
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