Viper Equity Partners of Palm Beach Launches its New Full Scope Program for Dental Practices
PALM BEACH, Fla., Nov. 1, 2018 --- Viper Equity Partners of Palm Beach continues to improve on its ability to help bring the dental community and private equity together with the release of their new Full Scope program.
Full Scope is a comprehensive confidential Information memorandum that takes a deep dive into the financial picture of each practice and EBITDA build.
"We feel the key is to try and complete 85% of the due diligence on a dental practice before showing it to a DSO or PE firm," stated Jennifer Arsenault, Managing Partner at Viper. With the full scope program, we extended our financial work to include a core focus on every financial aspect of the business to expedite the decision-making process for the buyer."
The result is a memorandum that gives the dentist or orthodontist a feeling of confidence that their practice is being presented in the best light possible to achieve maximum value. A necessary tool for every transaction, according to the Viper team.
Viper Equity is the leading US company that assists dental practice owners in connecting with expanding DSOs. They understand the importance of being a value-added part of the transaction.
"Once we contract with a practice, it becomes our responsibility to guide them through the entire process. It all begins with dissecting their financials, so we can give everyone realistic expectations and value concerning a possible transaction," stated Arsenault.
Viper also values how they assist the DSOs in this growing market. "The quality of the information they put out, EBITDA build, responsiveness of their team and knowledge of this space is amazing. Simply the best I have ever seen!" stated Kevin Rogus, VP of mergers and acquisitions for Smile Brands.
This type of approval is what Viper Equity Partners is all about.
Viper has also begun working with groups of dental practices on roll ups. They look for one key practice and get them under contract. Next, they build in 8-10 other offices in the general area that are all similar in size and familiar with each other.
The result is a cluster of prime offices aligned for the formation of a new vertical or as an add-on for a DSO looking to expand its geographical footprint into a new state. Presently, Viper has 3 such roll-ups looking for a home.
"The bottom line for us is helping the doctors find the right home. The DSO and the doctor need to be on the same page to have a successful future together and we work hard to find each practice the perfect partner," stated Arsenault.
Viper believes in the process and feels that the future, without question, involves all dentists, orthodontists, and specialists becoming part of some organization.
The process can be frustrating to many practice owners. Viper uses its experience from both sides of the table as platform owner operators and private equity experts to make the process fun, informative and profitable for all parties.
About Viper Equity Partners
As America’s Leading Transition Consultation Firm for the Medical Industry, working with dentists, plastic surgeons, dermatologists, cardiologists, and real estate. Viper Partners is America's leading M&A Advisory and Investment Bank in dentistry and aesthetics, representing Dental, Plastic Surgery, Cardiology, Real Estate, Loans, Financing, and Dermatology practice owners. Our exclusive relationships with private equity-funded Dental Support Organizations (DSOs) and Medical Support Organizations (MSOs) and our experienced team of M&A professionals are like no other in the healthcare marketplace. The Viper Team consults with every client, from contract to the closing table, with high integrity, efficiency, velocity, and a one-of-a-kind, value-added approach. Our 97% closing rate speaks for itself.
Contact Information:
For more information on how Viper Partners can assist with your business sale, contact Dave Branch or visit https://www.viperequitypartners.com/.
Dave Branch, Founder
Phone: (305) 988-5945
Email: dave@viperequitypartners.com
SOURCE Viper Equity Partners of Palm Beach LLC