Today Bruce Baird and David Porritt join me in a conversation focused on the current climate of the dentistry industry and the many options for practice growth and transition. They are truly “boots on the ground” when it comes to this, so don’t miss out on their insight into what the consolidation industry looks like and how doctors can use their leverage to take advantage of what’s going on in this marketplace.
Bruce served in the military then grew a practice from the ground up, sold it, formed his own dental academy, and much more. David has been entrenched in dentistry for a long time and brings his impressive amount of experience and research on the consolidation industry to the table. Listen in as they discuss why consolidation shouldn’t be feared, share important patterns the market is showing, and explain the best options available.
Minute Markers:
- 1:42 – Bruce and David’s background in dentistry, business, and transitions.
- 4:48 – Where they started out working together and understanding EBITDA.
- 7:30 – Where the consolidation industry stands right now and where it is heading.
- 9:42 – Why you have to understand the playbook and the DSO’s dirty secret.
- 11:38 – What’s going on with valuations and how it changes the playbook.
- 13:27 – What many doctors don’t know about private equity.
- 18:32 – The MSO platform Bruce and David are putting together.
- 22:25 – How they make the consolidation process more transparent and better for everybody.
- 25:13 – The thing that makes the biggest impact in doctor satisfaction.
Featured on the Show:
- Bruce Baird: Website | LinkedIn
- David Porritt: LinkedIn | Email
- Productive Dentist Academy
- The Productive Dentist Podcast
- Legendary Leadership by Dr. Bruce Baird
- The Next Generation of the Business of Dentistry – Design Your Future by Choice – Bruce Baird: Ep #400
Watch full length Interviews on video!
Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.
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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with My Team:
If you’d like to replace your active practice income with passive investment income within 2-3 years, and you have at least 1M in available capital (can include residential/practice equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.
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There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a free report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.
Want to know more about David and schedule him as a speaker or podcast guest? Go to doctorphelps.com to book David now.
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