ADS WORKS WITH SIKKA SOFTWARE
TO DEVELOP AN EXCLUSIVE, ENHANCED DATA COLLECTION PROCESS
FOR DENTAL PRACTICE VALUATIONS AND SALES
-- FOR IMMEDIATE RELEASE --
ADS, a nationwide network of 24 affiliated dental practice brokers, recognized for its leadership, knowledge and expertise in dental practice transitions and appraisals, has joined in collaboration with Sikka Software Corp the nation’s leader in dental practice analytics and business optimization software to create a breakthrough process for aiding dental practice valuations. Prior to the ADS-Sikka Software alliance there was no efficient method for collecting the in-depth practice data necessary to accurately determine the value of an existing dental practice. Using Sikka Software’s expertise in data extraction and parsing technologies in combination with ADS’s expertise in practice valuation, the capability to automatically extract practice and financial data from the dental practice management and financial system for evaluation purposes has now been developed. This collection process will mean nearly hands-off involvement by the owner doctor while allowing for increased information accessibility for practice sales and valuations, enhancing the availability and reliability of information and reports provided to both existing practice owners and potential purchasers. The analysis provided by ADS members includes a meticulous review of a wide array of metrics, benchmarks and practice statistics when combined with the scrutiny of other market factors leads to the production of consistently accurate valuations. Prior to this collaboration it took a great deal of time and effort, when even possible, on the part of the doctors, accountants, brokers and business consultants to collect the data necessary to produce a practice valuation to meet ADS standards. ADS President, Frank Brown said, “This powerful customized report will provide ADS with cutting-edge technology in the sale of dental practices. This is just one more step ADS has taken to be the leader in dental practice transitions and valuations.”
Sikka Software Corporation president and CEO Vijay Sikka said, “I started this company after my wife purchased her first practice from an ADS member broker. As we enter our 5th year, Sikka Software’s commitment to dentists remains unchanged. We are here to help you extract the maximum profitability and valuation for your practice. Working with prestigious national organizations such as ADS helps us fulfill that commitment. We are helping drive the best practices and standards in the dental industry.”
About Sikka Software
Sikka Software Corporation was incorporated in early 2004 with the mission of helping dental practices optimize by leveraging information and is now becoming the information hub that helps optimize the dental industry.
Sikka Software Corporation products, with 4,000 installations help dentists and their teams understand and maximize business profitability with best fee schedules and marketing campaigns, as well as analyses of return on investment, patients, insurance, supplies, and demographics. Sikka Software Corporation is transforming the face of small business healthcare and clinical optimization.
A privately-held company, Sikka Software is headquartered in Milpitas, California with offices in the United States and India. More information may be found at www.sikkasoft.com.
About ADS
The ADS organization of dental practice brokers provides nationwide leadership, knowledge and expertise in the sale, transition and valuation of dental practices, assisting in simple to complex associateship/partnership structuring and providing guidance in exit strategy decisions. ADS provides peace of mind to doctors to know that their transition into or out of practice will be handled with the utmost care, accuracy and professionalism. More information is available at
www.adstransitions.com. The ADS member firms are: ADS Florida, LLC; ADS Lovelace and Associates; ADS Precise Consultants; ADS Texas / Watson, Brown & Associates, Inc.; ADS Washington; California Practice Sales, Inc.; The Clemens Group; DBS Professional Practice Brokers; The Dental Marketplace; The Dental Marketplace Chicago; Evan Myers & Associates, Inc.; Healthcare Practice Management, Inc.; Help Appraisals & Sales, Inc.; Jim Kasper Associates, LLC; McGill & Hill Group, LLC; The McNor Group; Practical Solutions; Professional Practice Consultants, Ltd.; Professional Practice Sales & Appraisals; Professional Practice Associates, Ltd.; W. Paul Radman & Associates; Shea Practice Transitions, PA; Somerset CPAs; and Western Practice Sales/John M. Cahill & Associates.
