Dr. Arielle Faden is a pediatric dentist and practice owner out of Jersey City, which is a large metro area near New York City. She was a guest on the podcast almost two years ago when she talked about practicing as an associate in a large city like New York. Since that time, she has gone through the journey of partnering with her boss to become a 50/50 practice owner.
We discuss how there's a lack of podcast content for dentists in these situations, but that partnerships are a great opportunity for dentists who aren't interested in either associating or going through the stresses of a scratch start. Some of the things Dr. Faden talks about:
How she knew that this office was the right fit for ownership
How they determined the value of the practice and purchase price
What did lending look like for this transaction
How did her income increase to cover the debt payment
How they structured the operating agreement to know who can buy what with company money, and how profits are split
You can reach Arielle at [email protected]
