How does selling a dental practice to a dental group differ from selling to another dentist?
A group buyer usually reviews systems, hygiene and associate arrangements across a practice that will join a larger organization, and may ask you to stay on as an associate for a set period. A single dentist often focuses on the chairs, the patients and your handover. Ask each buyer about your role, your staff and how payment is structured.
Both kinds of buyer want the same thing, a practice whose patients stay after you leave. They go about it differently, and the difference shows up in what they ask for, what they offer you afterward and how the sale is put together. Knowing this before you list helps you decide which kind of buyer suits you and what to prepare for each.
What each buyer reviews
A group buyer tends to look at how the practice runs as a system: scheduling, billing, hygiene programs, associate contracts and how consistently records are kept. A single dentist tends to look at the operatories, the equipment, the patient base and how easily they could step into your chair. Clean books and organized patient records help with either, so tidy your financial records early.
Your role after closing
Some group buyers may ask the selling dentist to stay on as an associate for a set period, sometimes with an agreed level of clinical independence. A single dentist may want a shorter handover that introduces them to patients. Ask each buyer how long they expect you to stay, how your schedule would be set and what happens if you want to leave sooner.
Staff, name and patients
Ask whether the team stays, whether the practice keeps its name or takes a new one, and how patients will be told. A group may change systems, supplies or the brand over time, while a single dentist often keeps things as they are. Patients notice change, so agree on how the transition will be communicated before you sign. If you have treatments in progress, see what happens to unfinished treatments.
How payment is discussed
Any buyer may propose that part of the payment be deferred or depend on conditions, such as patients staying or you remaining involved. Ask for each condition to be written in plain terms: what triggers it, who measures it and what records you can see. Your lawyer and accountant can explain how a proposed structure would work for you.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01College of Dental Surgeons of AlbertaRegulatorYour Practice Permit
- 02College of Dental Surgeons of AlbertaRegulatorCancellation of Practice Permit
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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