Colorado Practice Transition Planning Seminar - BUYERS
Colorado Dental Association
Friday, February 10, 2023
1:00 PM - 3:30 PM MT
Location: 8301 East Prentice Avenue Greenwood Village, Colorado 80111
A COMPREHENSIVE LOOK AT THE CURRENT MARKET OF BUYING A PRACTICE PRESENTED BY INDUSTRY EXPERTS
This event is for dentists who are considering buying a practice in the near future. In this course, you will learn about the legal, financial, logistical, and emotional aspects of buying a dental practice. Our team of experts will lecture and conduct Q&A sessions on the following topics:
– What to expect: The sequence of a dental practice transition
– Steps to purchasing a practice
– “Value vs. Price”
– The importance of Purchase Price Allocation
– 4 Keys of Bank Lending for Practice Acquisitions: Loan to Gross Ratio (How much the borrower can get), Liquidity (How much lenders like to see in “reserves” for a borrower), Production (How lenders make sure that the new owner will hit the ground running), Cash Flow (What it means and how it is calculated)
– Legal issues regarding buying a dental practice, including non-competes, tax structures and allocation, and liabilities
– Real estate issues that must be addressed
The seminar fee is being offered for free – paid by sponsors – for a limited time! Reserve your spot today.
Includes 2.5 hours of instruction, lunch, and course materials for you and your spouse. Parking is free and available on-site.
We encourage all attendees to bring their spouses.
SCHEDULE
- 12:30 pm Check-in
- 1:00 pm Seminar begins
- 3:00 pm Questions and wrap-up by 3:30 pm
SPEAKERS
Kevin Brady, Omni Practice Group – Kevin Brady joined Omni Practice Group in 2019 to provide his over 30 years of knowledge and expertise in the dental industry. He will be leading the Omni Practice Group Seminar in Colorado. Also, Kevin is a licensed Colorado dental broker and commercial real estate agent.
Rod Johnston, MBA, CMA, Owner and Principal Broker, Omni Practice Group – Rod’s background in accounting, finance, sales, and real estate makes him one of the most well-rounded practice transition consultants in America. Rod has an MBA from Seattle University and is a Certified Management Accountant. He is also an Accredited Business Appraiser by the Institute of Business Appraisers. Rod’s experience and background include stints as a financial planner, as Assistant Treasurer and Director of Accounting for AT&T Wireless, and as a Commercial Broker for Keller-Williams and Omni Healthcare Real Estate. Rod started Omni in 2004 with two things in mind; provide a Nordstrom-like service to help doctors with their transition, and to be an expert resource to medical professionals in the fields we work in. He has developed systems and processes in the brokerage industry that are mimicked and copied throughout the nation. He and his company have transitioned hundreds of practices with great success while maintaining a “win-win” relationship between his clients.
Adam Trimborn, Regional Director of Practice Financing, Provide – Responsible for dental acquisitions and transitions for the entire Rocky Mountain Region at Provide, Adam brings strong financial and client relationship management experience he’s earned during his more than 11 years in healthcare lending and banking. Adam specializes in helping our communities’ dentists obtain loans for their unique business needs and has extensive expertise in practice acquisitions, practice startups, expansion and remodel projects, commercial real estate transactions, and debt consolidations.
Josh Austin, Attorney, Mastin Bergstrom – Mr. Austin specializes in business acquisitions and management, with particular emphasis on the dental, veterinarian, and vision fields. Mr. Austin assists with entity formation choices, negotiating and drafting purchase agreements, non-competes, employment agreements, and independent contractor agreements for all types of business entities. Mr. Austin is known as one of the top Colorado attorneys representing dentists, veterinarians, optometrists, and other professionals based on his extensive experience. He regularly speaks before dental and veterinary groups providing instruction on the business aspects of their practices.