The Tooth Sleuth Podcast
Most dental practice owners only sell once. That's exactly why they lose. The information gap between a prepared buyer and an unprepared seller is where practice value disappears — and it's a gap most brokers have zero incentive to close. Ben Ellis is a former investment banker, M&A executive, and founder of Ellis & Associates, a sell-side advisory firm focused on helping dental practice owners get deals they actually deserve. With a career spanning capital raising, corporate acquisitions inside large PE-backed dental platforms, and investment banking at major institutions, Ben now sits exclusively on the doctor's side of the table — and he has seen every angle of how these deals go wrong. They discuss: - How a group of 70 doctors sold for $50 million when the buyer would have paid $100 million — and what those doctors never knew about their own valuation - The four things most practice owners never do before going to market: proper profit calculation, buyer underwriting knowledge, competitive process, and non-headline term negotiation - How adding a single full arch case per week translates to a 30-40% increase in practice sale value through EBITDA multiples - Why the support structure around a selling doctor matters as much as the deal terms — and what straight, honest counsel actually looks like in an M&A process - The "control freak" operator pattern: how owners unknowingly shut down their teams' feedback loops and what that costs them at the table - Why secrecy is almost always necessary in a sale process and how to navigate it without destroying team trust - The desire and execution equation: why there's no magic formula for building practice value, just want and work - Why Ben left two decades of corporate finance to go independent — and what he'd tell anyone sitting on the fence about doing the same The bottom line: you get one swing at selling the practice you've spent a career building. Show up prepared. ABOUT THE GUEST Ben Ellis is the founder of Ellis & Associates, a sell-side advisory firm that helps dental practice owners prepare for and execute the sale of their practices. His background spans all three sides of the transaction — as a capital raiser, a buyer running M&A departments inside large DSO and private equity platforms, and as an investment banker at major institutions. He comes from a family of clinicians and has channeled that background into advocacy for the doctors who are most often the least prepared person at the closing table. Ben is known for bringing institutional-grade deal perspective to independent practice owners who would otherwise have no access to it. His work centers on closing the information gap between what buyers know and what sellers don't — covering valuation preparation, competitive process management, and the real terms that determine deal quality beyond the headline number. LINKS & NEXT STEPS Learn more: https://www.dentalconsult4u.com Book a call: https://api.leadconnectorhq.com/widget/booking/du9K0a2re1K4eBBk8fI7
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