Prospective practice owners and sellers alike are wondering how COVID-19 will impact professional practice values. And, while nobody knows what the future holds, we certainly can make reasonable predictions based on historical facts to help prospective buyers and sellers prepare for the upcoming practice transition market. First, let’s explore the marketplace pre COVID-19. Many significant factors came together to influence the practice transition market in recent years, and consequently, the values of dental and related specialty practices. “Corporate dentistry,” student debt, reduced fee insurance, historically low interest rates and changing generational priorities, plus many other factors, influenced a practice’s marketability [...]
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