One of the top questions health care brokers hear is, “How long will it take for me to sell?”
Practice Transitions Group (PTG), an Austin-based M&A advisory firm specializing in healthcare practices, is proud to announce the addition of four new M&A advisors to their team. With decades of experience in acquisitions, the healthcare industry, or both, these advisors bring a wealth of knowledge and expertise to PTG.
If you’re about to sign a listing agreement with a medical practice broker, you shouldn’t just be thinking about selling your practice: you need to be ready. Signing the agreement means you have decided you will sell and are fully committed to the process. There is no more batting around the idea or talking to colleagues about what they did. You’re selling.
Generally speaking, if you own your practice’s real estate, you have three options during dental or medical practice transitions:
Selling your practice is a milestone moment in your life. You have spent a career building up a healthy and successful practice and are looking for a buyer who will affirm the value of your work.
My Health Isn’t Great and I Need to Sell Quickly. Is It Worth Hiring a Professional Practice Transitions Broker
If you’re thinking about selling your medical or dental practice, it’s important to act quickly and get professional help from a broker. The longer you wait, the more money you could lose. Brokers understand the financial trends and can help you get the best possible price for your business. They will also navigate the stressful process and advocate on your behalf.
If you want to sell your dental practice for a top offer, you need to keep in mind various principles depending on if you are making a doctor-to-doctor sale or selling to a Dental Service Organization (DSO).
A good broker seeks to proactively offer a complete picture of the practice, in an effort to establish trust and credibility with the buyer early on in the process.