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On today’s episode of the Dentalpreneur Podcast, Dr. Mark Costes sits down with Chip Fichtner, the founder of Large Practice Sales (LPS). LPS is a specialized firm that helps dentists sell their practices with a focus on large practices earning $500,000+ in annual earnings (EBITDA). With a primary clientele of Private Equity backed buyers, LPS offers a unique approach to practice transitions.
Join Mark and Chip as they discuss the current state of the marketplace in 2023 for private equity practices compared to previous years. Chip breaks down the concept of “recapitalization” in a way that’s easily understandable for the average person. They also delve into Chip’s prognostications for the trend of consolidation in the dental profession over the next 5-7 years. Discover the origins of the “Invisible DSO” concept and gain valuable insights into the evolving landscape of the dental industry.
If you’re a dentist considering practice transition, interested in the impact of private equity in the dental field, or simply curious about the future of consolidation, this episode is a must-listen. Tune in now to gain valuable knowledge and perspectives from Chip Fichtner’s expertise. Don’t miss out on this opportunity to stay informed and make informed decisions for your practice’s future.