Sellers, buyers, partnerships, associate acquisitions, mergers and estate planning all require detailed practice valuations. This is one of the most important steps for any transition. Proper analysis is achieved by a qualified individual such as Tina N. Tom, DDS, MBA.
Relevant practice data is collected, analyzed and justified in a written report. This value assists with the determination of the Fair Market Value. According to the IRS, Fair Market Value is defined as “the price at which a property would change hands between a willing buyer and a willing seller when the former is not under any compulsion to buy, and the latter is not under any compulsion to sell, both parties having reasonable knowledge of the relevant facts.”
Careful analysis of practice systems and operations, patient statistics, human resources, fee schedules, marketing, facility and overhead contribute to the overall value of the practice.