Arrow indicating return to podcastsThe Path to Owning It
plants

26. A buyer’s and seller’s guide to navigating practice transition day

With Dr. Lee Maddox
Buying or selling a healthcare practice is usually one of the biggest financial decisions of a doctor’s life.


It can be accompanied by stress, uncertainty, and even conflict.


Since it's something most people do only once (maybe twice), the laws and best practices that govern practice transition can be unfamiliar or confusing.

Meet our guest

Dr. Maddox practiced endodontics and maintained two offices in Orange County, California, for five years. During this time, his practice increased production by an incredible 700%.


In his post-provider life, he's been providing legal services to dentists since 2001, helping thousands of doctors with their transition needs and general ledger services. He's been in the dental transition business as a practice broker from 2010-2018 and practices law full-time to support dentists, veterinarians, and other medical professionals.



ShareShare on FacebookShare on TwitterShare on LinkedIn

In this episode

  • The importance of fostering appropriate communication between buyer and seller
  • How to pair the right buyer with the right seller
  • The special nuances of a practice transition between owner and associate
  • What to expect on transition day
  • How to prepare practice staff for an ownership transition

All opinions expressed by the Provide employee participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The Provide employee participant’s opinions are based on information they consider reliable, but neither Provide, its affiliates, nor Fifth Third Bank warrant its completeness or accuracy and should not be relied upon as such. This content is for informational purposes and does not constitute the rendering of legal, accounting, tax, or investment advice, or other professional services by neither Provide, its affiliates, or Fifth Third Bank. Please consult with appropriate professionals related to your individual circumstances.

Expert tools of the trade

Get the financial tools you need to build the practice of your dreams (you’ve got this!).
Pre-qualify
Start your financing journey
Pre-qualify in as little as two minutes with no impact on your credit score (yes – it’s that simple).
Pre-qualify
Find a Practice
Find a practice
Browse dental and veterinary practice listings from top brokers nationwide.
Browse listings

More episodes

Image for 4. How a dental buyer advocate can help you buy the right practice
Podcast

4. How a dental buyer advocate can help you buy the right practice

Buying their own dental practice will likely be the largest purchase of any practitio...
Image for 5. What's causing the veterinarian shortage in the U.S. – and how to navigate it
Podcast

5. What's causing the veterinarian shortage in the U.S. – and how to navigate it

There's been a significant rise in pet ownership since the start of the COVID-19 pand...
Image for 32. The three financial stages in a dentists’ life and how to “own” them
Podcast

32. The three financial stages in a dentists’ life and how to “own” them

From fresh-out-of-dental-school to mid-career-earner to aspiring-retiree, each phase ...
View all resources
Keep a pulse on the industry
Busy? (We suspected as much.) We'll deliver insights and best practices directly to your inbox – no after-hours researching needed.
Phone