Your guide to securing valuation, transitioning roles, transferring medical records and notifying patients.
Whether you’re entering employed practice or retiring after a long career as a solo practitioner, understanding the options for selling your practice will help you maximize value before putting it on the market.
The following issues will play a key factor in the selling or closing of your practice:
This issue is often the biggest focus of discussion and negotiation between a seller and buyer. Valuation should be used as a benchmark for negotiation of the purchase price. If you are selling, you should consider using a valuation firm to conduct a valuation of your practice. The outside valuation process, analysis and generated valuation report should identify the tangible versus intangible assets of your practice, including equipment, supplies, furniture and goodwill.
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