February 28, 2017
by BC Business
If you’re one of B.C.’s 3,400-odd dentists, chances are you run your own business. But several trends, from crushing student debt to the rising price of setting up shop, are paving the way for large corporate dental groups to push into the local market.
A generation ago, dentists could open a practice right out of school. With startup costs now sitting at about $600,000 and the average recent graduate carrying $400,000 in debt, going the independent route keeps getting tougher, says consultant Nadean Burkett, whose Port Moody-based My Practice Matters provides business management support and coaching to dentists. When it comes to buying an established practice, an overconcentration of dentists in urban centres has prompted bidding wars, according to the Canadian Dental Association.
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Dentistry hasn’t been a breeze for the west coast of Canada – click here for more.
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