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Listen "26. A buyer’s and seller’s guide to navigating practice transition day, with Dr. Lee Maddox"
Episode Synopsis
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.
In this episode, we're joined by Dr. Lee Maddox, who has more than 20 years of experience as a healthcare attorney.
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.
Together, we'll discuss:
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
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com.
Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The 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 Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.
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.
In this episode, we're joined by Dr. Lee Maddox, who has more than 20 years of experience as a healthcare attorney.
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.
Together, we'll discuss:
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
Are you ready to take the next step in scaling up your practice ownership dreams? Visit getprovide.com.
Provide is a division of Fifth Third Bank, National Association. All opinions expressed by the participant are solely their current opinions and do not reflect the opinions of Provide, its affiliates, or Fifth Third Bank. The 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 Provide or any of its affiliates. Please consult with appropriate professionals related to your individual circumstances. All lending is subject to review and approval.
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