Why Financial Statements are Essential in Selling Your Practice

Financial statements hold an important role in selling your practice, serving as a reference for both you as the seller and potential buyers. These statements provide valuable insights into the financial health and performance of your practice, which highlights transparency and credibility to prospective buyers looking for as much as information as possible during the […]

I Have an Offer from a Dental Practice Buyer, Why Do I Need a Broker?

If you have received an offer from a dental practice buyer, you might be wondering whether you need the services of a broker to navigate the transaction. While it might seem tempting to manage the sale process individually, partnering with a professional dental practice broker can offer numerous benefits and ensure a smoother and more […]

How Long Will It Take to Sell My Dental Practice?

Selling a dental practice is a significant decision that requires extensive planning and consideration. A common question is how long it will take to sell a dental practice. While there is no universal answer to this question, several factors can influence the timeline of selling your dental practice. ProMed Financial offers insights into the key […]

Securing Funding When Buying a Dental Practice

Getting started with the process to buy a dental practice can be exciting, but also brings challenges. These challenges require careful financial planning. Securing adequate funding is paramount to ensuring a successful acquisition process. Our practice broker team understands the intricacies involved and is dedicated to assisting you in navigating the process of securing funding […]

Navigating Through the Process of Dental Practice Acquisition

The initial process of dental practice ownership is a significant leap, which comes with unique challenges. ProMed Financial is your trusted partner in this endeavor. Our team is committed to ushering you through the nuanced process of acquiring your dental practice. Here are some important steps to follow. Gauge Your Financial Standing The financial landscape […]

Traditional Bank Loans vs. Specialized Dental Practice Financing

As you navigate the financing landscape for your dental practice facility, one of the primary decisions you’ll face is choosing between traditional bank loans and specialized dental practice financing. Each option comes with its own set of advantages and considerations, and understanding the differences is crucial for making an informed decision. Conventional Financing Option Traditional […]

Assessing Your Practice Goals and Requirements

Embarking on the journey of acquiring or financing a dental practice facility begins with a thorough assessment of your practice goals and requirements. This valuable step lays the foundation for a successful venture and ensures that the chosen facility aligns seamlessly with your professional goals and vision. Defining Objectives Start by defining your short-term and […]

Advantages of Purchasing an Existing Chiropractic Practice

Opting to purchase an existing chiropractic practice offers a number of advantages, which makes it an attractive option for practitioners looking to establish themselves quickly and efficiently. Established Patient Base One primary benefit is the established patient base that comes with an existing practice. With an existing practice, acquisition means inheriting a roster of loyal […]

Current Market Trends in the Chiropractic Industry

The chiropractic industry is experiencing ever-changing shifts driven by fluctuating¬† healthcare demands, technological advancements, and changing patient preferences. Understanding the current market trends is crucial for doctors considering the purchase or financing of a practice. Holistic Healthcare One prominent trend is the increasing acceptance of chiropractic care as an integral part of holistic healthcare. Patients […]

Getting Started with Buying an Optometry Practice

Whether you are an optometrist or a seasoned professional looking to expand your practice, the process of buying an optometry practice can be both exciting and challenging. To ensure a smooth transition and a successful venture, there are several factors to take into account. Define Your Goals Before you dive into the process of buying […]