ATLANTA, Ga. – March 03, 2014 – Tralongo LLC, an Atlanta-based firm that specializes in dental practice acquisitions, announced today it has entered a development agreement with Dr. Craig Simmons, D.D.S. for the Washington and northern Idaho markets. Under the agreement, Dr. Simmons is expected to acquire eight practices dental practices –roughly two per year– with a combined revenue of $10 million.
With more than 90 years of combined experience in dental management and acquisitions, Tralongo LLC partners with entrepreneurial dentists who are looking to grow their business by acquiring and operating multiple practices.
Originally from Idaho, Dr. Simmons moved to Spokane, Wash., 11 years ago. He currently owns four dental practices — three in Washington and one in Idaho. His practices provide a wide scope of services, including holistic surgical extraction, root canal therapy, metal-free dentures, implants and bonding and white filling.
“Dr. Simmons has been operating a variety of successful practices in Washington for the past few years. We are pleased to welcome him to the Tralongo family and look forward to working with him,” said Dr. Ken Tralongo, CEO of Tralongo LLC. “We are confident that his expansion will be very successful, considering his expertise and commitment.”
“I am looking for strong markets, fueled by a growing population and stable economies, added Dr. Simmons. “The Tri-Cities in southeastern Washington, as well as Seattle, Spokane and Vancouver all have great potential. Often listing practices for sale, these markets offer great opportunities for expansion and taking a business to the next level.”
Tralongo LLC created a proven system to identify, operate and increase profits in dental offices. Achieving great success last year, the firm began 2013 with revenues of about $20 million and is expected to reach $80 million in revenues by the end of 2014.
The firm’s five-step process consists of providing clients with a training course, finding the right dental practices to acquire, obtaining the appropriate financing, assisting with the transition from the old ownership to the new owner and working with the doctors to continue operating the new offices to maximize the profit.
Growth through strategic acquisitions offers great denefits to dentists who are interested in rapidly increasing their customer base and adding new markets to their practice.
About Tralongo LLC:
Headquartered in Atlanta, Ga., Tralongo LLC is a firm that partners with dentists throughout the United States to help them expand their practice through the acquisition of existing dental offices. With over 90 years of combined experience in dental management as well as dental transitions and acquisitions, the Tralongo team assists clients by finding the practices that meet their criteria, completing the due diligence, obtaining the appropriate financing and ultimately acquiring the offices. The firm also provides clients with behind-the-scenes management support, including finance, human resources, marketing and ongoing education. For more information on Tralongo LLC, call 678-288-4712
or visit www.tralongo.net