After Dr. Bob Margeas turned down multiple offers from dental service organizations, he built his own five-practice holding company that pays him full value for Iowa Dental Group without forcing him to keep working to earn it.
Dr. Margeas has run Iowa Dental Group in Des Moines for nearly four decades and joins co-hosts Cameron Full, Dr. Jason Souyias, and Dr. Michael Seda to talk about how he's handed it off: cutting back his own days, then selling a piece of the practice to the two associates he trained from their first year out of dental school.
He also shares the back-of-envelope math he uses to value a practice: pay everyone in the office 35% of collections, see what profit is left to service debt, and that's what the practice is worth.
🎤 Hear the full episode with Dr. Bob Margeas at http://speciallists.com/
The Special Lists, presented by Referral Lab — the podcast for dentists and dental specialists who are tired of feeling like they're on an island. Real wins, real mistakes, and real lessons from the people running practices like yours.
Watch or listen to the full episode at http://speciallists.com/ (with two L's). Referral Lab is the platform built for dental specialists to track, manage, and convert every referral.
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