A Buyer's Handbook To Buying A Medical Practice
Purchasing a medical practice is a major investment and an exciting opportunity to build or expand your career. One misstep can cost you significantly in money, time and stress.
If you're a...
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First-Time Buyer
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An Experienced Physician Looking To Acquire An Existing Practice
The process requires careful planning and due diligence. Our handbook provides a step-by-step guide to help you navigate the complexities of purchasing a medical practice. Complete the form to receive your complimentary handbook to navigate the buying process!
Finding Your Perfect Medical Practice
Owning your own medical practice is one of the most rewarding and complex decisions of your career. The physicians who get it right don't leave it to chance. They follow a proven process. Our handbook gives you exactly that. From assessing your readiness to planning for long-term growth, every step is covered so you can move forward with clarity and confidence.
Your Guidebook Includes:
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How to honestly assess your readiness to own a practice.
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The key to navigating your financing options and securing the right funding.
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How to identify the right medical practice for you.
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The 6 crucial steps for conducting thorough due diligence.
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Negotiating a purchase agreement that protects your interests.
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Everything you need to do to finalize the sale.
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Managing a smooth transition for staff and patients.
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A strategic framework for long-term growth and profitability.
Buying an established practice gives you something a startup never can, an existing patient base, trained staff, and cash flow from day one. So what are you waiting for? Get started on your journey today!
Answers To Your Questions
We often get asked quite a bit about purchasing a medical practice. So, we've compiled all of these questions and have picked the top four we get asked the most!
How do I buy a medical practice?
Buying a medical practice isn't a walk in the park. The process can be quite intensive. It involves defining your acquisition criteria, getting pre-approved for financing, evaluating listings, conducting thorough due diligence, negotiating the purchase agreement, finalizing your loan and legal documents, and planning a smooth staff and patient transition.
Don't worry, our guidebook covers every stage in detail.
What are some red flags I should look for when buying a medical practice?
Red flags come in all shapes and sizes (some may be harder to spot than others). Here are common red flags you should watch for: declining revenue, high staff turnover, a short remaining lease, or a seller unwilling to provide a meaningful transition period.
What should I look for when buying a medical practice?
Purchasing the right medical practice is essential for your future success. You'll want to be on the lookout for collections trends over 3–5 years, active patient count and retention rate, staff stability, payer mix, lease terms and location demographics, and equipment condition.
Should I buy an existing practice or start from scratch?
For most physicians, acquiring an existing practice is lower-risk and faster to profitability than a startup. An established practice offers immediate cash flow, a trained team, existing patients, and easier financing. Startups offer more design control but require months to reach break-even and carry significantly higher early risk.