With all the upheaval in the insurance market, many smaller private physician groups are either selling or consolidating. Albeit a big decision, it doesn’t have to be a painful one – the goal is to maximize the dollars and ease the transition for your staff and patients.
Before you consider the sale, you’ll need to determine what you want your role to be – will you retire, stay on as a staff physician, take on management and/or leadership roles – or a combination there of? Of course this is just some high-level personal things to consider, there are others such as business real property, equipment and other tangible items and employee benefits and everything in between.
Continue reading “Best Practices for Selling your Medical Practice”