The transactions totalled $73 million in enterprise value for dental
entrepreneurs
COLORADO
SPRINGS, Colo., April 17,
2024 /PRNewswire/ -- Professional Transition
Strategies (PTS), a company that facilitates dental practice
purchases and mergers & acquisitions, is ecstatic to report it
facilitated 30 practice transitions for dental entrepreneurs around
the country in Q1 2024.
As the trusted authority in practice transitions, we are pleased
to present the following achievements from the past quarter:
- 30 Successful Transactions: PTS facilitated 30 dental
practice transitions, amounting to an enterprise value of
$73 million, assisting dentists in
achieving their financial goals and ensuring smooth practice
handovers
- 45 New Practices Brought to Market: 45 dental entrepreneurs
turned to our team of expert brokers to test the market and
begin sourcing competitive offers
- $500 Million in Collections:
Practices brought to market with us boasted a total collection
value of $500 million, underscoring
our industry-leading brokerage services that link quality buyers
with premium opportunities
- 147 Prospectuses Created: Our team produced 147 comprehensive
prospectuses, equipping both buyers and sellers with the essentials
for informed decision-making during the transition process
- Over $10.5 million total EBITDA
of practices sold: We're thrilled to report an average EBITDA of
$620,000 across the practices
involved in our deals which totals over $10.5 million
- 1,700 Practice Inquires: Our proactive marketing strategies led
to the generation of 1,700 inquiries, presenting a diverse range of
dental practices to prospective DSO and individual buyers
A highlight of the quarter was orchestrating a joint venture
deal for a two-location general dentistry practice, with growth
opportunities. Initially valued at $7.6
million with a 39% profit margin, we proactively marketed
the practice and received interest from 64 qualified parties. In
the end, the practice transacted for $28
million to a DSO that offers the doctor-owners future growth
options.
"We take huge pride in the exceptional outcomes we deliver for
the docs who seek our transition expertise," said Kyle Francis, founder and president of PTS.
"We're proud of the strong start to 2024 and look forward to
continuing to connect doctor-owners with the unique wealth-building
opportunities that are available through the industry's
consolidation wave."
As the second quarter begins, PTS is geared up for further
growth as the preferred partner for dental professionals seeking a
seamless career transition. To learn more about our services or to
explore dental practice transition opportunities, please visit
professionaltansition.com.
About Professional Transition Strategies
Founded in
2006 and headquartered in Colorado
Springs, Professional Transition Strategies helps dentists
buy, sell or start practices, move to new offices or expand at a
current location. The company is committed to client success and
provides expert consulting services to help dental professionals
improve operations, marketing, accounting and other facets of
practice management. Find out more about PTS at
www.professionaltransition.com.
Media contact
Sophie
Kelner
Sophie@professionaltransition.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/professional-transition-strategies-facilitates-30-dental-practice-transitions-in-q1-2024-302118153.html
SOURCE Professional Transition Strategies