Wealth Planning for the Modern Physician

Summer Rewind 2024 #4: Lessons from An Aesthetic Practice Sale with Dr. Steven Dayan and Dominic Mazzone


Listen Later

This summer, join host David Mandell as he revisits and highlights episodes from Season 3 of The Wealth Planning for the Modern Physician podcast, in our 2024 Summer Rewind Series. "I genuinely believe there is a lot of information to gain from all of our episodes deliver, but for the summer, I've handpicked a few that offer intriguing ideas and a unique perspective for physicians in 2024," says David. "I hope you enjoy this Season 3 encore. Have a great summer!"

Episode 3.7  (Originally released on December 8, 2022)

Lessons from An Aesthetic Practice Sale with Dr. Steven Dayan and Dominic Mazzone

Listen in as David chats with facial plastic surgeon Dr. Steven Dayan and MedSpa Partners (MSP) CEO Dominic Mazzone. They discuss the consolidation in medicine in general and aesthetics in particular and delve into why Steven chose to sell his practice to MSP.

David begins the conversation by asking both Steven and Dominic about their upbringings and career paths.  Steven explains how his practice grew over the decades with his use of research and “guerilla marketing,” and when selling the practice first appeared on his radar.

Steven shares what he learned going down the road with three other firms to the letter of intent (LOI) stage before finally agreeing to work with Dominic’s firm.  Dominic then addresses the areas that a physician should look for when choosing a platform, the key questions he asks potential physician partners, and why integration is crucial – not just consolidation.

Steven the gives David his perspective, including why he chose MSP and how he continues to see MSP as different than other platforms when he speaks with colleagues.

Dominic tells listeners what his firm looks for in a potential practice for acquisition -- including financial and non-financial elements – and why he sees aesthetics as different from non-cosmetic specialties.

David concludes with asking Steven to give his best pearls of advice for fellow physicians considering a sale.

Learn more about our guest, including additional show notes and more, by visiting www.physicianswealthpodcast.com.

...more
View all episodesView all episodes
Download on the App Store

Wealth Planning for the Modern PhysicianBy David B. Mandell, JD, MBA

  • 5
  • 5
  • 5
  • 5
  • 5

5

42 ratings


More shows like Wealth Planning for the Modern Physician

View all
WSJ What’s News by The Wall Street Journal

WSJ What’s News

4,327 Listeners

Investing Insights by Morningstar

Investing Insights

496 Listeners

Motley Fool Money by The Motley Fool

Motley Fool Money

3,177 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,539 Listeners

ChooseFI by ChooseFI

ChooseFI

5,113 Listeners

White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor

White Coat Investor Podcast

2,424 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,059 Listeners

The WealthAbility Show with Tom Wheelwright, CPA by The Rich Dad Media Network

The WealthAbility Show with Tom Wheelwright, CPA

514 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

584 Listeners

Money Meets Medicine by Doctor Podcast Network, Jimmy Turner MD

Money Meets Medicine

218 Listeners

The Passive Income MD Podcast by Peter Kim, MD

The Passive Income MD Podcast

278 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,841 Listeners

Barron's Streetwise by Barron's

Barron's Streetwise

1,544 Listeners

The Rob Berger Show by Rob Berger

The Rob Berger Show

172 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,375 Listeners