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10 Essentials for a Successful Practice Buy-In

  • A comprehensive practice appraisal within a reasonable time of the associate’s start date.
  • A thorough plan regarding the buy-in, including the beginning, middle and end of the buy-in relationship.
  • A wide spread associate search.
  • A background investigation of associate candidates.
  • A candid discussion between the parties regarding their respective expectations.
  • A well drafted employment agreement, including buy-in specifications.
  • A practice facility that can accommodate multiple dentists.
  • An adequate patient flow that can accommodate multiple dentists.
  • A well thought out post-buy-in exit strategy regarding a principal’s death, disability, retirement, dissolution and third party sale.
  • A willingness for all parties to change.

By: Kevin Shea, President of Shea Practice Transitions, P.A.

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Beautiful Southeastern MN Practice for Sale 

Dream practice available in a charming area of Southeastern Minnesota. Located within walking distance of quaint coffee shops, hiking trails and river front parks. This spectacular office is 4,200 sq. ft. with six operatories including digital radiography, panorex, and ceph. Annual collections near $1M and approximately 3,000 active patients. Both the hygiene and operative schedule are booked out for several weeks! This is an excellent opportunity that will be gone soon, contact us for more information today.

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