Whether buying, selling, or considering doing so, navigating a practice transition can be stressful, even under the best of circumstances. Now, the world has changed and dentistry has been rocked by the COVID-19 pandemic. The future impact of this global health crisis is unknown—bringing even more uncertainly to doctors in the midst of making a major transition decision.

It’s impossible to predict the short-term or long-term ramifications of the coronavirus on practice values, but there is a great benefit in understanding the possible outcomes. In this webcast, Wade Coleman, JD, Jonathan Martin, CPA, and Patrick Craig, JD will answer today’s most frequently asked questions surrounding dental practice transitions, and outline how to prepare yourself moving forward.

Objectives Include:

1. The impact of COVID-19 on practice values
2. How your transition plans may pivot
3. 2020 versus the 2008 recession
4. Potential changes to supply & demand
5. Current status of third-party (bank)financing
6. Legal issues in transitions impacted by COVID-19
7. Considerations for selling to a DSO

Who Will Benefit?

Doctors at any transition stage, whether contemplating or currently involved (purchasing, considering a partner, associate, or merger, or planning a full or partial sale).

Jonathan R. Martin

CPA

Jonathan joined McGill & Hill Group in September of 2005. He earned bachelor's degrees in both accounting and finance, and a Master of Accountancy degree from the University of North Carolina at Charlotte. Jonathan works with dentists and dental specialists across the United States assisting them with their transition needs, and speaks regularly at dental schools and study clubs. He is a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants.

Patrick D. Craig

JD

Patrick is an associate attorney with the law firm of McGill and Hassan, P.A. He has been in private practice since 2011 and joined the firm in April of 2013. Patrick is an honors graduate of Erskine College, and earned his law degree, also with honors, from the University of North Carolina at Chapel Hill. He is a member of the Mecklenburg County Bar, the North Carolina Bar Association, and the American Bar Association.

T. Wade Coleman

JD

Wade joined McGill & Hill Group in October of 2012. He earned a bachelor's degree in accounting from The Citadel, and a Juris Doctorate degree from Charlotte School of Law. Wade serves clients across the United States in the development and implementation of customized transition plans for their dental practices. He is a member of the South Carolina Bar and American Bar Associations.