February 7th, 2020
Unmatched experience and specialized expertise are what sets our team apart. No matter if you want to appraise your practice, review your lease, hire an associate, or improve office systems and your bottom line – We are your one-stop-shop.
Transition your Practice with Hill Kindy
Are you nearing retirement? Creating an exit strategy for 1-10 years down the road? Looking to take advantage of your practice’s full potential? Whatever the reason, we will help you…
September 20th, 2019
Complimentary Seminar Alert!
In this winter session, we will be uncovering the critical points for consideration when hiring and/or transitioning with an Associate in your practice.
Topics to include:
- Economic advantages of Associates
- Assessing needs before adding Associates
- Associate buy-in strategies
- Keeping good Associates
- Associate contract considerations
- Finding the best Associate for your practice
Dates & Locations:
We will have the following industry experts as your hosts,
Derek…
August 29th, 2018
Back in March we posted a blog titled “What is Your Biggest Expense?” that focused on the need to look at your financial world from a consolidated perspective. This is the first of two additional blogs whose purpose is to lay the foundations that will help, in this case, young dentists focus on a consolidated approach to their finances and which we will call “Wellth” for Dentists.
As a new graduate from dental school…
May 7th, 2018
“How is my practice doing compared to other practices out there?” A common question that we are often asked particularly by dentists looking to sell their practices. Sometimes the answer is “not as good as it could be, but nothing that a few tweaks couldn’t fix.” The real question of course is how do we know; how could you know if your practice is doing well or not? The answer to that question should…
April 23rd, 2018
In a market that at times seems to have gone crazy, how do you know what to actually pay for a dental practice? There is no question that today’s (2017/18) dental practice purchase and sale market is often very irrational with practices selling for as much as 200% of gross revenue. In this kind of market, can you really know what is enough and what is too much? Let’s look at how to come…
March 26th, 2018
Chances are pretty good that if you are reading this you are a dentist, or at least in someway related or connected to a dentist. That being the case, in response to the title of this blog, you may be thinking that your biggest expense is your rent or maybe your dental supplies, certainly it could be your staff costs or perhaps the cost of your associates if you have any. If you guessed…
March 15th, 2018
The Dental Industry Association of Canada (DIAC) is an association of dental manufacturers, distributors, commercial dental laboratories and service providers committed to the highest standards of service to dental professionals in Canada, and Hill Kindy is a proud member of the team.
Our annual “Future of Dentistry Survey” is one of the most important sources of information and has recently been updated with questions that reflect the evolving dynamics of the Canadian dental profession. The survey…
March 12th, 2018
If you have a medium to large sized practice you have no doubt been contacted by one of the dental corporate buyers offering to acquire your practice. By way of background there are three primary corporate buyers (the “Corps”): Dental Corporation of Canada (DCC), Altima Dental and Vibrant Dental Group or 123 Dentist. Dental Corporation of Canada was founded in 2011 and is the largest of the three with approximately 250 locations. Altima Dental…
January 26th, 2018
Knowing how many active patients a practice has should be one of the most important metrics for virtually all buyers, and correspondingly should be an important metric for all sellers. While most sellers and buyers would agree with that statement, the concept of an active is one fraught with misunderstanding and confusion. The reason for this is pretty simple – there is very little consensus about what an “active patient” actually is. To clearly…
November 20th, 2017
A question I get all the time is “What should the value of a practice be as a percentage of gross?” Not only is the answer immaterial, the question itself is irrelevant. What you do need to know is that there are three fundamental economic components to any business. The first component is revenue, the second component is cost, and the third component is profit. The third component (profit) is a function of subtracting…
