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At Strategic Medical Brokers (SMB), we know selling or buying a medical practice can be a complex process. To help you out, we’ve compiled this list of common questions. For more personalized advice, we encourage you to contact us directly.
Selling your medical practice can take anywhere from 7 months to over a year. This depends on many factors such as the type of practice, its value, and market conditions. Read our detailed guide on the selling process for more info.
The first step is getting a detailed valuation of your practice. This helps set a fair price and involves reviewing your financial records, assets, and future earning potential. Check out our resource on valuations to learn more.
Selling your practice isn’t just about the transaction. We work with you and the buyer to plan a smooth transition, ensuring minimal disruption for your staff and patients. We aim to preserve the care quality and legacy you’ve built.
We specialize in medical practices, giving us an edge over general business brokers. Our experience allows us to understand the unique challenges in healthcare. We guide you throughout the selling process to achieve the best outcome for everyone. Discover what makes us special in this post.
It’s important to understand what type of practice suits you, the skills you offer, and whether it’s the right time for this investment. Having a financial plan and being ready for the due diligence process is also crucial. We’ve prepared a detailed guide on the first steps to take when buying a medical practice.
Buying a medical practice is complex and can take time. However, being prepared—financially, with the right licenses, and having a clear idea of what you want—can speed up the process.
Key factors to consider when buying a medical practice include financial health, reputation, equipment, staff, location, local market conditions, and potential for growth.
We consider several factors when valuing a medical practice. These include financial performance, market conditions, tangible and intangible assets, and future earning potential. Learn more about our valuation process here.
A professional valuation ensures you get a fair price for your practice. It considers all factors contributing to your practice’s value and helps in negotiations with potential buyers. Read more about the importance of professional valuations here.
There are several ways to increase your practice’s value, like good financial performance, loyal patients, modern facilities, positive reputation, efficient operations, and a good location. Learn more about how to increase your practice’s value in this guide.
Yes, we can! Our team has extensive experience in healthcare and can give you a detailed and accurate valuation of your medical practice, considering all the unique factors that contribute to its value.
Strategic Medical Brokers’ greatest wish is to see you achieve your goal of buying or selling a medical or dental practice. It is our privilege to be a part of one of the most significant decisions of your life. We will guide you, advise you and celebrate with you.
