Calgary Openings, Closings, and Developments

[Shazam]

Originally Posted by Dentoman

Definitely and still are, but not to the degree that corporate owned offices are. When one of the largest dental corporations is listed on the TSX, should be a red flag. The other large one has a significant investment from one of the largest dental corps in the US and Peloton Capital.
They aren't necessarily looking out for the patient first. You don't produce to their expectations, they aren't happy. Only one way to make that up.

I dunno, I just can't see how this is really viable. You can always switch dentists, there's lots that follow the fee guide.

DNTL barely makes any money and their stock performance sucks. I can't even imagine how they'd buy practices and make money from it. They'd buy a practice at maybe 1X revenue? Probably mix of cash and stock? Terrible for the dentist, terrible for DNTL.

Edit: probably not even close to 1X rev. Probably $100K or thereabouts. Even then a total waste of money.

[Dentoman]

Their numbers suck but they keep buying practices at multiples way more than 1X revenue. I can't figure it out either
I think DNTL regrets the day they went public. Rumours that they have tried to go back to private but hasn't happened yet. 123Dentist is entirely privat

[fotze2]

Originally Posted by Shazam

Dentists weren't run by profit margins before?

I used to go to a dentist in Mission, he wanted me to get braces because my bottom teeth and top teeth alignment were off by 1mm. That's when I stopped going to him.

My dentist is in mission. That Russian couple?

[Shazam]

Originally Posted by fotze2

My dentist is in mission. That Russian couple?

He used to be at Mission Dental, this was like 28 years ago though, probably retired, he was in his 50s when I was there.

[Shazam]

Originally Posted by Dentoman

Their numbers suck but they keep buying practices at multiples way more than 1X revenue. I can't figure it out either
I think DNTL regrets the day they went public. Rumours that they have tried to go back to private but hasn't happened yet. 123Dentist is entirely privat

That's insane. Like literally nuts. Gotta be mostly stock, dentists make a ton of revenue but very little if any earnings since they're essentially a personal services business model.

[indes]

I had a ####ty dentist in my youth and now my teeth are ####ed. I had invisalign as a teenager and the dentist said I wasn't getting any wisdom teeth. Well at 24 my wisdom teeth started coming in and pushed my teeth a bit out of alignment - not so bad. I got them pulled at 28 and then found out that the 4 years my wisdom teeth were slowly coming in messed up my bite and causing my teeth to chip from being out of alignment. I was quoted $38,000 for 3 years of braces and jaw surgery.

Now I just live with my ####ty teeth (not terrible, but not great)

[Knut]

Optometry has been corporate for quite some time now. However, there is about 10-11 big corporate groups in the space now. A lot of the below groups trade on stock exchanges or have big Private Equity groups behind them.

Luxottica group:
Lenscrafters
Clearly
Pearle Vision
Others:
FYIdoctors
IRIS
Specsavers
Bailey-Nelson
Oscar Wylee
Second Specs
Costco
Walmart
Superstore (Soon to all be Specsavers)

Interestingly enough, there is a recent flood of new Independent places opening up (including my own). Doctors leaving bigger practices/chains to do their own thing. One of the things that really has helped Independents is the ability to actually find your favorite practitioner once they leave where they are at. Also, a lot of legacy practices are asking outrageous amounts to be "partner" or to buy them out. If you can spend less to open your own place then that is preferrable, especially now that patients can find you easier than in the past.

[fotze2]

Originally Posted by Shazam

He used to be at Mission Dental, this was like 28 years ago though, probably retired, he was in his 50s when I was there.

You should probably go see a dentist?

[Shazam]

Originally Posted by fotze2

You should probably go see a dentist?

I have seen them. Sometimes I even use them.

[Locke]

Originally Posted by indes

I had a ####ty dentist in my youth and now my teeth are ####ed. I had invisalign as a teenager and the dentist said I wasn't getting any wisdom teeth. Well at 24 my wisdom teeth started coming in and pushed my teeth a bit out of alignment - not so bad. I got them pulled at 28 and then found out that the 4 years my wisdom teeth were slowly coming in messed up my bite and causing my teeth to chip from being out of alignment. I was quoted $38,000 for 3 years of braces and jaw surgery.

Now I just live with my ####ty teeth (not terrible, but not great)

Are you the Tooth Fairy from Red Dragon?

[undercoverbrother]

Originally Posted by indes

I had a ####ty dentist in my youth and now my teeth are ####ed. I had invisalign as a teenager and the dentist said I wasn't getting any wisdom teeth. Well at 24 my wisdom teeth started coming in and pushed my teeth a bit out of alignment - not so bad. I got them pulled at 28 and then found out that the 4 years my wisdom teeth were slowly coming in messed up my bite and causing my teeth to chip from being out of alignment. I was quoted $38,000 for 3 years of braces and jaw surgery.

Now I just live with my ####ty teeth (not terrible, but not great)

As a kid my dentist hit me.

[fotze2]

Originally Posted by undercoverbrother

As a kid my dentist hit me.

With his balls?

[bob-loblaw]

Originally Posted by fotze2

With his balls?

He did 69 K worth of damage.

[D as in David]

Originally Posted by undercoverbrother

As a kid my dentist hit me.

Wow! He was a dentist when he was a kid?

[PaperBagger'14]

I only look for 2 things in a dentist, short arms and big boobs.

[fotze2]

Originally Posted by PaperBagger'14

I only look for 2 things in a dentist, short arms and big boobs.

They should also have that awesome spit suction tube , but for your dick. Our teeth would be impeccable.

[Calgary14]

J Spot in Avenida announced they're closing

[Cecil Terwilliger]

Already closed in fact. And weirdly cryptic in their announcement. As if they were kicked out of Avenida.

[Calgary14]

Yeah the announcement sounded pretty salty. I am guessing steep rent increase they couldn't afford

[Brupal]

Corporate dental businesses can streamline hiring staff and optimizing them across multiple offices, negotiate better prices from suppliers based on higher volumes, deal with landlords regarding rent and improvements, centralize administrative processes and marketing and collections, and they have the capital to be able to offer the sole practitioner dentist who is eyeing retirement a sweet deal and easy transition rather than that dentist having to conduct a search for a successor. Sure the corporation is probably more focused on the bottom line, but they also bring a lot of advantages to the table for a dentist who just wants to be a dentist and not an entrepreneur Jack-of-all-trades.