I engaged Strategic Medical Brokers to help me retire from an almost 30-year cash-based solo private practice in cosmetic and general dermatology in a regional trade market of around 500,000 people within a 300-mile service area.
Recruitment for a new dermatologist, whether for a partnership or a purchase, was challenging because of the location, the general shortage of dermatologists, and the trend among younger dermatologists toward an employment-based practice model rather than a self-employed model.
I chose SMB because of its proven track record of successfully selling practices of various specialties and various practice models.
Although the process took 14 months due to my specific situation, the need to provide data to SMB to justify the practice’s valuation to buyers, and some tough negotiations with potential buyers, I am very satisfied with the results.
Shaun, Marta, Kathy, and Vanessa were diligent, honest about the challenges involved, gave me a realistic valuation based on market conditions, and screened potential buyers who were or were not a good fit. They guided me through the process with experience, tact, and grace. I always felt they were in my corner, represented my best interests, understood my loyalty to my staff and patients, and my desire to leave both in good hands. They made sure the contract negotiations and closing proceeded and followed up afterward to ensure everything was going according to plan. Their sales commission was reasonable, especially for the amount of work they put in. I retired from my practice with debts paid off, and some to spare.
Those of us who have been on both sides of the physician recommendation letter process will understand me when I say, “I highly recommend Strategic Medical Brokers, without reservation.” They earned my confidence, and I would recommend them without hesitation