Congratulations on making the wise decision to join the largest Dentist-Owned DSO in the world - Freedom Dental Partners.
Together, we are building a billion-dollar operation and reaping the benefits long achieved by the familiar DSO faces.
You have signed the BTDSO Participation Agreement which allows you access to this elite group of hundreds of dentists banding together to earn their rightful rewards as dentistry shifts toward a more corporate environment.
The cost associated with the Participation Agreement are the entry fees allowing access to this group. As explained at the event, there will be additional fees associated with fully integrating your practice(s) with the rest of the group.
Our goal moving forward is to get you ready for sale.
And not just getting you ready for sale, but getting you ready for sale at the highest achievable multiple.
Even if your practice is already above a 25% EBITDA to Collections ratio... Even if you're comfortable with whatever multiple you can get right now...
Nobody is ready for sale at the onset of joining Freedom Dental Partners. You can likely sell your practice to another dentist or a DSO tomorrow. But you are not doing that. You are selling your practice as a group to achieve a high multiple on your practice. That takes effort and investment, but your effort will be greatly rewarded.
Any buyer is going to be making an 8 to 9 figure investment. That kind of buying decision is not made overnight, and it is not made without detailed information. As such, our buyers need to be able to quickly evaluate particulars of any given deal. And in order for them to make a high offer, they need to like what they see.
A double digit multiple is not given to anyone. You must earn it. This commitment requires effort on your part. We will commit the same effort back to you - but there is work required.
This quick explainer course should get you right on track to provide as much possible detail around what to expect as you get started. Specifically, we will review the four pillars of integration currently REQUIRED to ensure your practice can achieve the highest multiple and the fastest sale. As conversations evolve with purchasing partners, this is subject to change and additional action steps may be required moving forward.
