Selling a Practice
We protect sellers with absolute discretion and extensive market experience. We’ll help get you organized to sell, anonymously market your practice to buyers, and push for a fair price.
Buying a Practice
Buying the right practice can give you a leg up on the competition, especially in crowded markets or if you need to move quickly.
Selling multiple location practices is our true specialty. We understand what drives value across a location portfolio and how to find and match buyers to their ideal opportunities.
Our Transitions Team
Selling Your Medical Practice
Sooner the Better
Whether you’re considering selling your practice due to retirement, lifestyle changes, or to harvest the rewards of your years of hard work the more time you give yourself to prepare the better. Practices that have been adequately prepared for sale sell for higher multiples, and sell more quickly, than those that are not.
We Can Get You There
We have sold practices across the spectrum of sizes, scopes, and business health and we’re ready to help prepare your business to go to market and get you into the next phase of your life.
We understand confidentiality is paramount in protecting the value of your business. All buyers who choose to review your practice are all put under a Non-Disclosure Agreement (NDA) before any identifiable information about the practice is ever shared. Access to information is highly controlled using secure data room software.
What’s Your Timeline?
Short Time Line
Sometimes it’s just time to move on. We have a ready pool of buyers across multiple practice types and patient profiles and can help you prepare for sale quickly.
Longer Time Line
Curious what transitioning your practice might mean for your business and lifestyle? We can give you an overview of the process, what to expect, and what you can do between now and when you do decide it’s time.
Buying a Medical Practice: What to Expect
Understand Your Budget
If you are an individual buying a single practice or small group, you will need to speak with a lender early in your search. Many sellers won’t take seriously offers from buyers who have not spoken with a lender to understand what they can afford.
Defining Your Target Practice
Buying a medical practice is a matchmaking process. Defining what truly matters to you will help us find better matches. Consider things like location, practice size, equipment age, current profitability, what cashflows will support your loan, and procedure mix. Define both your ideal and the limit of what you would consider.
How Long Does Buying a Practice Take?
Is buying a practice faster than starting new? We find that matching buyers and sellers often takes the majority of the time in the process. Starting a new practice can take 8 months or more. Though negotiating and buying a practice can often be done in 4 to 12 weeks, the search process often ads significant time to the entire process.
Group Practice Sales
Who is Buying?
Amassing a marketplace of likely buyers for your group is critical to finding the highest price the “market” is willing to pay for your Group. Buyers of group practices often look for alignment of business fundamentals over strict financial performance to determine what they are willing to pay to buy your group practice. Through our network of large group practices and private equity groups, we work to create as large of a market for your group as possible.
Telling Your Story
Helping buyers understand your Group’s journey gives them valuable context into the conditions in which your group was founded, forged, and the condition it is in now. We put together marketing material that will attract the right buyers for your group.
We dig to understand what matters to parties on both sides of the table so we can push for the terms that matter. Creative problem solving is critical to getting past sticking points and ensuring both buyers and sellers are comfortable moving forward with a transaction.