For Owners Selling Their Practice - Sell My Practice
Practice Exit - Considerations When Selling My Practice
Converting practice valuation to maximize personal wealth when selling your healthcare practice
Are you contemplating selling your practice in the next two or three years. The experienced practice management consultants at ELEVATE provide tangible insights into the selling process to ensure a smooth transition that maximizes the sale price of the practice.
ELEVATE’s Practice Exit services empowers owners across 5 key milestones.
1
Preparation
2
Valuation
3
Pitch Deck
4
Sourcing Buyers
5
Negotiation + Due Diligence
Advantages of Practice Exit
ELEVATE your personal wealth. No brokerage fees in 2024 for practice owners selling 1-2 clinics.
1
Preparation
- Maximize profit-Trailing 12 months
- Gross margin growth
- G&A expense reduction
- Sales growth into high value services/products
2
Valuation
- Net income from operations
- Normalized earnings
- Removing the Owner from the practice
- Transferability of the practice
3
Pitch Deck
- Highlight competitive advantage
- Create next 12-month growth story
- Highlight synergies with Buyers
- Financial highlights
4
Sourcing Buyers
- National Strategics
- Financial-PE firms
- Internal
- Local competitors
5
Negotiation and Due Diligence
- Lead all Buyer question responses
- Create competing LOI’s
- Due Diligence preparation
- Arrange legal and accounting support