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Professional Transition Strategies Facilitates 30 Dental Practice Transitions in Q1 2024 | ||
By: PR Newswire Association LLC. - 17 Apr 2024 | Back to overview list |
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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:
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 Media contact 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 |
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