Dental Consolidation Through the Eyes of A Practice Owner: Michael I. Farr, DMD, Founder of Smiles by Farr

When discussing consolidation in dentistry, most of the attention centers on profit-driven players such as DSO’s or private equity firms, but there’s not as much focus on what’s driving individual practice owners to seek affiliation or acquisition. Today on Filling You In, we’re going to get a ground level perspective on what’s motivating dentists to join larger groups from one of Areo Dental Group’s newest partners, Michael I. Farr, DMD.  By the time Dr. Anushka Gaglani and Dr. Abhishek Nagaraj connected with Dr. Farr last year, he had established a thriving practice in the Chicago suburbs called Smiles by Farr, but he realized continuing to go it alone might end up holding him back. “The landscape of the industry is changing, and if you're going to keep up with changing times and be competitive, you really need to be affiliated,” Farr shares. In this candid conversation, Dr. Farr also acknowledges he needed help managing inefficiencies and other challenges in his practice. “When you're trying to elevate and improve and take it to the next level, the only way to do that is with a team.” Realizing we shared the same values and vision, Areo Dental Group was delighted to form a partnership with Dr. Farr in order to support him in reaching new goals for his practice.This insightful and fun interview with a special member of the Aero Dental family also covers: What it takes to build a successful team;The lessons about hard work he learned from his entrepreneurial father;Why a guy living in the Chicago area wears a cowboy hat and cowboy boots.Mentioned in this episode:Smiles by FarrAreo Dental Group