|| Print ||
|Articles - February 2013|
|Monday, January 28, 2013|
BY JON BELL
When Stephen Persichetti tells his students at the Oregon Health & Science University School of Dentistry how much student loan debt he had at the end of dental school in 1984, the room fills with groans.
Persichetti, a dentist and an associate professor in OHSU’s Department of Community Dentistry, owed around $18,000. Dental students today can find themselves on the hook for up to $180,000 — or more.
“At graduation,” Persichetti says, “they’re going to be in a situation where the only way they’re ever going to be able to service that debt is to be the owner of a practice.”
New graduates and dentists have something on their side that their counterparts in the early 1980s didn’t: historically low interest rates. Those, along with the gradual return of the overall economy, have spurred some new activity from dentists set on hanging out their own shingles.
“In the last eight to 10 months, we’ve seen a real increase in the number of people asking what their possibilities are,” says Scott Beard, director of health care banking for Pacific Continental Bank. “Dental has always been a pretty active market, but it’s been picking up even more lately.”
According to the Oregon Board of Dentistry, there are just over 2,800 licensed dentists in Oregon, up from almost 2,600 in 2008. Patrick Braatz, executive director of the board, says numbers have been flat recently, and he’s heard that it’s been difficult for new graduates to find full-time employment. The recession also found a few dentists filing for bankruptcy or selling their practices.
But with interest rates below 4% and medical leases hovering above $25 per square foot, Beard says it’s essentially cheaper for a dentist to build new than it is to lease. A dentist could expect to spend between $400,000 and $600,000 to build a startup practice. That more dentists may be setting up their own shops comes as no surprise to Persichetti, who says that about 95% of OHSU dental graduates — 74 graduated in 2012 — have some type of equity interest in a practice within five years of graduation.
“One reason you see these loans is that lenders love dentists,” he says. “We stay in the same location for 30 years, or we assume practices from retiring dentists. Lenders love to see that kind of cash flow.”
Wednesday, April 01, 2015
BY LINDA BAKER
Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.
Friday, March 20, 2015
BY OB STAFF
Join us to celebrate and network with Oregon’s best green workplaces!
Friday, March 27, 2015
BY AMY MILSHTEIN
As baby boomers sell their businesses, too many forget the all-important succession plan.
Friday, April 24, 2015
BY AMY MILSHTEIN
Male tech workers speak out on the industry's gender troubles.
Wednesday, February 25, 2015
BY LINDA BAKER | OB EDITOR
The big news at Oregon Business is we’re getting a ping pong table. After reading the descriptions of the 2015 100 Best Companies to Work For in Oregon, a disproportionate number of which feature table tennis in the office, I decided it was time to bring our own workplace into the 21st century. It was a tough call, but it’s lonely at the top, and someone has to make the hard decisions.
Friday, March 27, 2015
BY JACOB PALMER
Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development.
Thursday, March 19, 2015
BY DAN COOK | Photos by Jason E. Kaplan
An alliance of developers, academics and timber industry executives wants to position Oregon as a front runner in the glamorous new world of wooden skyscrapers.
|Bike Chic: 7 stylish options for cyclists|
|Beam Me Up|
|Get on the bus!|
|Emperor of the Sea|
|The Road to Reinvention|
|Epitaph for a Boondoggle|
|FLOTUS: Tech industry to train, hire 90K vets|
|'Man-made' earthquakes becoming more frequent, powerful|
|FCC poised to block Comcast, Time Warner merger|
|Dunkin' Donuts, Domino's lead junk food revival|
|Pulitzer-winning journalist chooses PR|
|Taco Bell up, Chipotle down|
|Lilly Pulitzer line at Target crashes site|
A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Thinking about an MBA? Join us for our upcoming Wine & Cheese Information Session to learn more about Concordia University's MBA program.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.