A common question our dental transition specialists are asked is “how long will it take for you to sell my dental practice?” There are so many factors that make it so hard to answer that question. Is your dental practice located in a rural area or a metro area? What is the size of your…
Published by Matthew Scherer on June 18, 2020 It seems like there have been so many interruptions in our lives with the onset of COVID-19. Many dentists felt the impact when they had to temporarily close their dental practices. But as we begin the re-opening process, many dentists have started to contemplate if now is the time to sell, even if they were…
Published by Matthew Scherer on May 18, 2020 Governor DeWine announced that dentist offices may start to reopen on May 1, 2020, as long as they have strict precautions in place to ensure their employees’ safety. In addition to wearing face masks, staggering start times and adjusting lunch breaks as some of the necessary precautions, there are some specific considerations that dental owners…
Published by Matthew Scherer on April 24, 2020 The Labor Department announced that employers with less than 50 employees may be exempted from a provision in the Families First Coronavirus Response Act that requires them to provide emergency paid sick leave and expanded medical leave to employees in certain COVID-19 circumstances. This announcement was made on April 1, 2020, and dental practices are…
Published by Matthew Scherer on April 3, 2020 Question: I’m buying a dental practice with a good team in place, but I can barely afford their salaries. The prior owner gave the team a dollar an hour raises every year like clockwork. How do I retain them while finding a more affordable solution? This question was recently asked to PMA’s transition expert, Matt Scherer,…
Published by Matthew Scherer on April 3, 2020 In these uncertain times, there are a lot of changes that lead to a lot of questions. We have enlisted Alan Hill, CPA, principal, and director of dental services at Rea & Associates, to answer some of the questions you have been asking about unemployment, the Emergency Family and Medical Leave Expansion Act (EFMLEA) and…
Published by Matthew Scherer on March 26, 2020 “Need to Know” from a Buyers Transition Advocate As a Buyers Transition Advocate at MaK Concepts, the next phase of transitioning, once the due diligence phase is complete, is without a doubt the most critical moving forward. If the process of applying for a loan, reviewing patient charts, shuffling through practice management reports, deciphering advice from…
Published by Matthew Scherer on September 20, 2019 “Need to Know” from a Buyers Transition Advocate As a Transition Specialist, AKA Buyers Transition Advocate at MaK Concepts, we recognize that the acquisition phase for buyers can be quite frankly, clear as mud. At times it may even feels like trying to put a puzzle together with missing pieces. This can be due to poor…
Published by Matthew Scherer on September 10, 2019 PMA Practice Transitions, a regional dental practice advisory and transitions firm, announces the hiring of Doug Sellan as transition specialist. The addition of Sellan will help to grow its business in the Western Ohio market. Coming from Bank of America as a business development manager, senior vice president, Doug has more than 30 years of…
Published by Matthew Scherer on July 9, 2019 Whether you currently own a dental practice or are thinking of it, building up your business advisory team is always crucial for success. Having the right professionals in place allows you to focus on both the operation of your practice and your patients. Your Own Superheroes There are several professionals who you should enlist before…
Published by Matthew Scherer on June 7, 2019