The debate on the merits and demerits of corporatisation of medical services keeps raging and probably the opinion is vertically divided. It is happening all over. There was a recent report from Canada about how many dental clinics have been taken over by a corporate entity and one section of people wish to know if these clinics are being run professionally and if the patients’ interests are given the top priority. This is a subjective opinion. If there is a centralised entity which brings in uniform practices and follows the regulations imposed by the authorities in the respective countries, it should not cause any major upset. But if you have been contemplating “how do I sell my dental practice”, look for channels, which can offer a satisfactory deal.
Australia has its Own System of Dental Practice
When it comes to dental practice in Australia, as you are aware, there are clear guidelines on the eligibility to run dental clinics. You have already equipped yourself with those requirements, and that is why you are already running a dentistry clinic. Now, for whatever reason, you wish to explore selling dental practice in Australia, you should weigh the options in front of you. As mentioned above, there would be any number of private investors, who would be willing to take over the practice. The question in front of you, along with the question, who should I “Sell my dental practice” must be how and through whom your Australia dental practice can be sold?
Find the Best Channel that can make the Transition Smooth
There are dedicated agencies, which play a positive role in such situations. They understand the needs of those who wish to buy a dental practice in any of the major Australian cities, Sydney or Brisbane or Melbourne, and they keep their eyes on dentists selling dental practice in Australia. Thus this agency would have a database of the parties wanting to sell and those with an intention to buy. But where they really come to the party is to make an evaluation of the practice, its worth, the condition of equipment available in the dental clinic and so on. This would be in the form of a due diligence exercise for the benefit of the buying party. On many occasions, the appraisal work may even be undertaken without charging anything.
If the buyer is impressed with the credentials and the agency’s report is also positive, then the prospective buyer of the dental practice could entrust the agency with the responsibility to go ahead and conduct the price negotiations and draw out the agreements. Having handled many such transactions, the agency’s core team would try to work out the best package in the interests of both the parties. If the buyer is not familiar with running a dentistry practice, they can help with advising on the different conditions to be complied with. With so much information available with them about the industry, they could provide help on the rates being charged by the dental clinics around the locality so that the business can be made competitive.
So set aside questions like how can I sell my dental practice? Just go ahead and use the help of independent agencies to find a good buyer at Dental Acquisitions.