Why Buy With 1st Med?
- Buy-Side Transition Advisors
- Practice Search Assistance
- Detailed Financial Analysis
- Negotiation & Transition Advice
Questions?(877) 625-8531
Do You Need Help Finding / Buying A Dental Practice?
At 1st Med Financial, we understand that Buying A Dental Practice on your own can be a difficult and time consuming task. This is why we developed our BuyerAssist Program to help first time dental buyers find and analyze dental practice opportunities to make sure they make sense financially and professionally.
Our goal is to assist in determining if the target practice is a good purchase opportunity, what a fair purchase price would be and what is the potential profitability of the practice moving forward post-sale.
When you enroll in our BuyerAssistâ„¢ Program, you will work with one of our Senior Transition Advisors who have combined in closing over $550 Million in practice transactions. Leverage our deep industry experience and knowledge to maximize your practice search and transition.
This program provides full practice analysis and transition support until you find and acquire your practice.
Dental Buyer Program Services
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Practice Search Assistance
Being first is important. Knowing when a practice hits the market can give you a leg up on the competition. We use AI and Tracking software to make sure we are updated as soon as a practice in your target locations hits the market and notify you accordinlgy.
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Practice Financial Analysis
We provide a financial analysis of the last 3 to 5 years. Our detailed Cash Flow and EBITDA analysis will provide in-depth picture of the financial and personal add-backs as well as adjustments for new services you can bring to the practice.
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Financing Pre-Qualification
Having closed over $550 Million in closed practice transactions, our Transition Advisors are well versed in the available financing options and will work with multiple lending institutions to obtain the best rate and terms for your practice and/or real estate transaction.
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Demographics & Competitor Analysis
A critical step in practice analysis often overlooked. Know the demographics and competitor saturation in the market you are considering. Our Transition Advisors will provide demographic reports and analysis to make sure you are successful.
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Real Estate Review & Valaution
If you are purchasing real estate, we have you covered. Our Advisors use CoStar to analyze real esatate comparables and demographics to determing market value to assist in negotiation a fair valuation for your potential real estate acquistion.
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Letter Of Intent
Drafting your offer through a Letter of Intent is an important step in the trasition processa. We provide insight and guidance while working with our buyers to structure and negotiate a favorable Letter Of Intent.
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Dental Industry Attorneys
An important and oftern overlooked item is to make sure you have the best legal representation in a dental transaction. We have relationships with the Dental Industry Attorney who will structure and negotiate the necessary legal documentation to complete your transaction.
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Credentialing Support
Setting up Credentialing is another critical step in the transition process. We partner with the best credentialing consultants in the industry to make sure you are ready to take over the Insurance plans needed to replicate and add to the success of your new practice.
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Website Design & Marketing Support
Getting your practice off to the right start is imperative. We will assist in getting you set to master the digital side of your practice. A beautiful website with a strong ditital marketing and social medial plan to build your online presence and reputation is a critical step in your success
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Dental CPAs
Having a good Dental CPA in place will be critical to your practices success. We work with nationwide firms that specialize in the Dental Industry and understand wher your KPI's should be and assist in idendtifying and correcting areas not in line with industry standards.
When you are ready to buy, our transition advisory team is here to help. Our Dental Transition Advisors have personally closed over $550 Million in transactions and posses the direct industry knowledge and expertise needed to assist each buyer in the successful acquisition of their practice.
Dental Practice Loan Rates
| Loan Type | Rate | Term |
|---|---|---|
| Conventional Practice Loan | 4.50% - 5.50* | 10 - 15 Yr. Fixed |
| Conventional Real Estate | 4.50% - 5.95%* | 20 Yr. Fixed |
| SBA Real Estate | 6.10% - 7.50%* | 10 - 25 Yr. Fixed |
*Int. rates subject to change & geographical restrictions
What Our Clients Have To Say
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“First, let me take a minute to say Thank You! The time and effort you and your team took to get me the financing I needed for my buy-out, acquisition and consolidation was, to say the least, beyond awesome. I was treated by everyone as if we were long lost best friends.
Through the entire process, it felt as though getting this done was a personal task....not a job. Embarrassingly enough, I had come to you once, but decided to go to my bank "because they knew me". They were terrible, to put it nicely.
Bottom line, I'm where I am today with my practice because of you.”
Dr. Chris Coplin, DMD - Alaska Dentistry For Kids
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