1) Client name
Drew D. (Internal Medicine physician, Age 50)
2) What was the client’s biggest problem?
Wanted more work/life balance, time to start a family and no longer wanted to be an “owner.”
3) What services did you perform for the client?
We performed a valuation of the practice and ancillary business. The client engaged us to represent them in the sale of their internal medicine practice.
4) What were the clients’ biggest accomplishments or successes when they worked with you?
They were entertaining a practice acquisition offer from a large medical group at $250,000 with a two-year employment contract working full-time before hiring our firm.
After an extensive search we were able to sell the practice for $450,000 with a one-year employment contract working part-time. Additionally, our client retained a 50% interest in the ancillary business which he can sell later for a substantial profit.