The Dentist Freedom Blueprint Podcast

Selling your practice can look like a financial win—and still feel like a personal loss if you choose the wrong partner. In this episode, David Phelps sits down with Brian Colao, one of the earliest architects of the DSO legal framework, to unpack what most dentists misunderstand about consolidation, private equity, and the true risks hiding behind “fair value” offers. With nearly three decades advising DSOs and representing more than 780 dental organizations, Brian brings rare clarity to a space filled with noise, fear, and half-truths.

This conversation goes far beyond multiples and EBITDA. Brian explains why fit matters more than price, how the current economic environment has changed leverage, and why many dentists end up unhappy even after a “successful” sale. Whether you’re a young doctor with debt, a mid-career owner feeling burned out, or a seasoned practitioner exploring an exit, this episode offers a grounded, practical framework to help you evaluate your options with eyes wide open—and avoid mistakes that are hard to undo.

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Minute Markers:

  • 00:00 – Intro
  • 01:19 – Brian Colao’s role in shaping the modern DSO landscape
  • 04:30 – How early DSO litigation defined compliance and guardrails
  • 09:57 – How much consolidation is really coming—and over what timeline
  • 12:57 – Why today’s cost pressures favor the DSO model
  • 17:37 – Which dentists are best suited for DSOs—and which are not
  • 21:32 – How DSOs remove non-clinical burdens and restore enjoyment
  • 27:30 – Choosing the right DSO partner and avoiding costly misfits
  • 30:50 – Why the highest offer is often not the best deal
  • 36:10 – The missing standard in valuations and EBITDA confusion
  • 44:57 – What every dentist must do before considering an exit

If you like this episode, here are more episodes we think you’ll enjoy:

  1. Ep #571 – When The Practice Doesn’t Need You Anymore – Dr. Dylan & Kelsey Everett
  2. Ep# 550 – Every Dentist Must Master Leadership, Exit Strategies and Burnout – Dr. John Meis

Links Featured on the Show:

#briancolao #dsolandscape #dentistexitplanning #practicevaluation #freedombydesign #DentalStudents #PrivatePractice #DSOs #FreedomFounders

Watch full-length Interviews on video!

Watch full length interviews on David’s YouTube channel by going to www.DentistFreedomBlueprint.com/YouTube. Don’t forget to subscribe to David’s YouTube Channel for more content on maximizing your business, wealth, and creating a financial blueprint to reach your Freedom faster!

Join the tribe of dentists ditching Wall Street. Get more insights, resources and inspiration for creating asset based income and Freedom. Follow us on Facebook here.

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’re tired of running on the hamster wheel, and are looking for a proven blueprint to create more freedom and reduce dependency on your practice income, schedule a call with my team to learn more.

2. Get Your Dentist Retirement Survival Guide:

The winds of economic change are here, and now is the time to move to higher ground. This guide gives you the steps to protect your retirement, your family, and your peace of mind. Get the 25-point checklist 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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