Uncover the secrets of successful dental practice sales and consolidation in the captivating episode of Financial Flossing with host Ross Brannon and featuring guest Kevin Cumbus, a renowned partner at Tusk-Partners.Kevin Cumbus is a partner at Tusk-Partners, a leading dental practice transition and advisory firm. With years of experience in dental practice sales and consolidation, Kevin brings valuable insights into the industry and helps dentists navigate the complex process of selling their practices.Summary: In this episode of Financial Flossing, host Ross Brannon sits down with Kevin Cumbus from Tusk-Partners to discuss trends and insights in dental practice sales and consolidation. Kevin shares his experiences working on deals with different dental service organizations (DSOs) and highlights the challenges dentists face attempting a DIY deal without access to specialized knowledge. He also explores the increasing valuations in the dental industry, the consolidation of dental practices, and the potential future of privately owned practices.Key Takeaways:✅ The unique structures within different DSOs and the benefits of borrowing successful features from various offers.✅ The challenges faced by dentists who lack access to specialized knowledge and attempt to navigate the complex process of selling their practices independently.✅ Despite external factors like COVID-19 and rising interest rates, valuations in the dental industry have continued to rise.✅ The consolidation of dental practices in different specialties and varying consolidation rates across the industry.✅ The potential saturation point of consolidation and the likelihood of privately owned practices coexisting with DSOs.✅ Predictions on the future of the hyper-selling environment and the potential for a market slowdown.✅ The importance of seeking advice from top-tier advisory firms, such as Tusk-Partners, when considering selling a dental practice. Tusk Partners: TUSK Partners provides M&A Advisory services in the dental industry. TUSK has completed over $750M of transactions across all specialties. With an in-depth understanding of the marketplace and access to 100’s of buyers nationwide, we help our clients confidently pursue M&A transactions that maximize their long-term value. With our significant collective experience of over 40+ years of dental practice transactions, we offer our clients solutions that help them achieve their strategic and financial objectives.Reach out to Tusk Partners: https://tusk-partners.com/Learn more about your ad choices. Visit megaphone.fm/adchoices
