This message is for dental practice buyers. Be on the lookout for Covid related income disguised as patient income or reduced overhead. We’ve been seeing this since early to mid-2021, and we continue to see it. As we’re doing our due diligence for our buyers, we’re uncovering issues of how Covid income was reported on…Read More→
Due to Covid-19, several federal and state relief programs were designed to help dentists and other small businesses survive the pandemic. Three of the most popular programs were: The Paycheck Protection Program (PPP) administered by the SBA The Provider Relief Fund administered by HHS The Employee Retention Tax Credit (ERTC) All these programs provided financial…Read More→
In many practice purchase transactions, the sellers will keep their patient accounts receivables (A/R) and the buyer will accept the responsibility to collect them for a period of time at a nominal fee (to help cover their costs) and remit those collections to the seller. While this sounds simple enough, if the asset purchase agreement…Read More→
