Since you are reading this article, it's safe to assume that you have a pretty successful practice. You are probably in your mid-to-late thirties or forties, and your practice is grossing in the mid-six figures. You should be feeling pretty secure, comfortable and pleased by your success. Maybe, however, you are wondering “So, what's next?”
What is a practice merger? A practice merger is a transaction where one doctor sells his/her practice to another established doctor in the same area and merge the practices together in one office.
Drs. A1 and A2 had practiced together for 25 years in relative harmony. Dr. A1 was age 61 and Dr. A2 was 50. They each owned their own professional corporation and owned their own general dental practice. They shared the office space and had formed a corporation that was owned 50/50 and was used as an operating entity for both practices.
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