22: How to avoid paying too much for your first healthcare practice, with Tom Whalen
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Show Notes
In 10 years, the field of dentistry is going to look very different than it does today. Baby boomers who have owned their practices for decades are starting to consider retirement. And younger dentists who have practiced as associates will soon have an opportunity to become practice owners themselves. As those aspiring practice owners assess the value of a practice they want to buy, it’s essential they get good advice and expert counsel. In this episode, we’re talking to Tom Whalen, CPA at Edge Advisors, who has helped dozens of young doctors buy their first practice and empowered dozens more established doctors to run their practices more efficiently. We’ll discuss: How young buyers can take advantage of the generational shift in practice ownership Why student loan debt isn’t the limiting factor many aspiring practice owners think it is Where to look for a good deal on a practice acquisition What steps a new practice owner should take after the acquisition What metrics new practice owners should focus on to ensure the financial health of their business Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com. Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.
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