Sell Medical Practice
The process of selling your practice
Selling a medical practice is a big step. It signals a transition from one stage of your career to the next. Whether that means retirement, relocation, a refocusing of services, or simply reaping the benefits of a well-placed investment,
Doctors Broker has developed a strategic plan to help facilitate to best possible transition. Our process consists of four distinct phases: Discovery, Planning, Marketing, and Closing. Each of these phases are built around 5 fundamental questions:
- What are your goals and objectives?
- What strategy will best meet those needs?
- What recommendations fit the defined strategy?
- How are those recommendations best implemented?
- How is the implemented strategy working for the defined goals?
Through each phase of the process we ask those 5 questions, evaluating our progress based on the results and adjusting our approach as often as the situation requires.
Phase 1: Discovery
During this phase we go to great lengths to learn all we can about your business while maintaining the strictest confidentiality. This process give Doctors Broker a competitive edge when representing your interests to our database of potential buyers, as well as to the public at large.
Phase 2: Developing a Plan
Here we use what we have learned about your business to define a strategic sales plan designed to showcase the value of your practice to potential buyers. We will build a structured sales approach, define your particular market, and even assist in the valuation process.
Phase 3: Marketing
Once we have a clear understanding of the value your individual practice brings to the marketplace we will help you position it to a pool of qualified buyers using a range of appropriate tools, including:
- Networking and prospecting
- Traditional Print Advertising
- Direct mail
- Email and electronic campaigns
Phase 4: Closing the Deal
Once a buyer is in place and has been thoroughly vetted, Doctors Broker will help negotiate the terms of the sale to ensure you get the most out of your professional and financial investment. We will help facilitate the closing process by ensuring that all the right players-attorneys, accountants, closing specialists, financing professionals-have been engaged and secured. We make sure the necessary documents are prepared and meet your requirements. Finally, we see that the ensuing contracts are executed profitably.
Feel free to contact us to request further information.