Pandemic Impact to Practice Valuations & Transitions

On Demand Webinar Series:

Dr. Thomas Snyder, Sr. Director of Henry Schein Professional Practice Transitions shares insights on the impact of COVID-19 on Dental Practices in this 2-part Webinar Series. Both webinars have been recorded and are now available on-demand for viewing at your convenience. 

Determining the value of a dental practice is nuanced even in the best of times. During the current pandemic recovery period after many practices have emerged from a temporary closure, it can be even more challenging. Join Dr. Thomas Snyder, Senior Director with Henry Schein Professional Practice Transitions, for an in-depth review of how practice values may be affected for the remainder of 2020 and what key factors influence a dental practice’s value.  The importance of proper transition planning will also be discussed as well as:

Establishing a baseline valuation

Common practice valuation methods

Developing an emergency exit strategy

A former Department Chair at the University of Maryland School of Dentistry, Dr. Snyder is currently a member of the faculty of the University of Pennsylvania School of Dental Medicine. He also serves on the editorial boards of several national publications and is a regular contributor to Dental Economics. He is a nationally recognized speaker, author, and consultant who has been advising dentists for more than 30 years in dental practice strategic planning, practice valuations and dental partnership formation. Dr. Snyder received his DMD from the University of Pennsylvania’s School of Dental Medicine and his MBA from The Wharton School, Graduate Division, at the University of Pennsylvania.

About Your Presenter: 

Part 1: Pandemic Impact on Practice Values and Transition Planning

Buying or selling a practice in a period of economic uncertainty requires special care and due diligence. Join Dr. Thomas Snyder, Senior Director with Henry Schein Professional Practice Transitions, who will discuss what steps are required if you are considering a practice sale in the next 12-18 months, as well as:

Practice sale and financing strategies

Why there may be more practice sale opportunities for potential purchasers

Key elements of a deferred sale

Part 2: Thinking About Buying or Selling a Practice During the Pandemic Recover? 

The views and opinions expressed in this presentation are solely those of the presenter and not necessarily those of Henry Schein. Henry Schein does not guarantee the accuracy or reliability of the information provided herein. Continuing Education (CE) credits are not available for this webinar presentation.

The views and opinions expressed in this presentation are solely those of the presenter and not necessarily those of Henry Schein. Henry Schein does not guarantee the accuracy or reliability of the information provided herein. Continuing Education (CE) credits are not available for this webinar presentation.

The considerations for hiring an associate and the projected impact to current practice value have changed in recent months. Not only should practice owners consider current practice capacity (which may be temporarily altered due to infection control measures) when determining whether to hire an associate -- they should also consider how to establish a plan to ensure a new associate’s success. The associate’s personal career goals, how they are expected to grow with the practice in the short-term and long-term, and possible practice ownership or other transition options should all be taken into account. Join Dr. Thomas Snyder, Senior Director with Henry Schein Professional Practice Transitions, to review:

Practice Growth: Hiring an Associate & Long-Term Impact to Practice Value

The views and opinions expressed in this presentation are solely those of the presenter and not necessarily those of Henry Schein. Henry Schein does not guarantee the accuracy or reliability of the information provided herein. Continuing Education (CE) credits are not available for this webinar presentation.

The current dental associate marketplace

The number of patients and days needed to support an associate (now and upon return to 100% capacity)

How to create profitable associate arrangements

Contractual issues and what to pay an associate

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The views and opinions expressed in this presentation are solely those of the presenter and not necessarily those of Henry Schein. Henry Schein does not guarantee the accuracy or reliability of the information provided herein. Continuing Education (CE) credits are not available for this webinar presentation.