Viper Equity Partners of Palm Beach Launches its New Full Scope Program for Dental Practices
MIAMI, Nov. 1, 2018
MIAMI, Nov. 1, 2018 /PRNewswire/ -- 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 foot print 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. For a free evaluation of your practice or opportunities to work with Viper contact Dave email@example.com or call 305 988 5945.
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SOURCE Viper Equity Partners of Palm Beach