Private Equity and the Dental Industry, with Dennis Marvel, Fortune Management

On this episode of Dental Business Radio, Dennis Marvel, Fortune Management, joined host Patrick O’Rourke for a frank conversation about private equity and the dental industry. They discussed the inner workings of private equity firms that dentists often don’t understand, how PE firms function, and how their incentives can negatively impact a dental practice owner choosing to sell to such firms. Dennis and Patrick discussed the legal definition of an “accredited investor,” and how many dentists may financially qualify to meet that test but not have the investment understanding and experience that the term implies. The conversation also moved towards the value of independence and objectivity in healthcare-related businesses and the importance of understanding one’s scaling strategies in the industry.