When Dr. Emily Lee founded Crown Dental in Houston in 2005, she had a vision for excellence. Through dedication and strategic growth, she expanded to nine thriving locations. However, she knew reaching the next level of patient care and service would require the right business partnership – and selling multiple practices would be complex.
Finding the Right Advisory Partner
After researching transition options, Dr. Lee connected with Practice Transitions Group (PTG). From their first conversation, PTG President Thomas Allen recognized Crown Dental's reputation for excellence in the Houston market. Following a thorough review of the practice financials and operations, Dr. Lee was confident in PTG's ability to maximize her practice value through their proven valuation and negotiation process.
Navigating Market Uncertainty
The engagement began just days before COVID-19 disrupted the dental industry. Rather than pause the process, PTG advised Dr. Lee to use this period strategically – focusing on strengthening financial documentation and operational systems. This preparation proved invaluable, as it increased the practice's value despite market challenges.
Achieving Exceptional Results
The comprehensive marketing process in 2021 generated multiple competitive offers. Through careful negotiation, PTG secured terms that exceeded initial valuation expectations. The successful acquisition by one of the nation's leading DSOs validated the practice's operational excellence and market position.
Keys to Success
Dr. Lee attributes the successful outcome to several factors:
- Strategic timing and market positioning
- Thorough financial preparation
- PTG's expertise in complex, multi-location transactions
- Professional guidance throughout negotiations
In Dr. Lee's Words
"Although I made the decisions in the sale, I could not have done it without [PTG's] expertise in buying and selling medical practices. They were efficient and trustworthy throughout the process."
The Bottom Line
This case demonstrates how proper preparation and experienced guidance can drive exceptional results, even during challenging market conditions. For practice owners considering a transition, having the right advisory partner can make the difference between a good outcome and a great one.
Considering your own practice transition? Contact us to discuss how we can help you achieve your goals.
