When you are selling a medical practice in California, there are some unique steps to take, and some challenges that those selling other businesses do not encounter. As one of the best business brokers in Sacramento, California, Rogerson Business Services can help you understand those challenges and navigate them. The posts in this category do just that. Need more information? Contact us today.
Are you a medical practice owner and asking: “Is 2023 a good time to sell my medical practice in California?” If you are a physician and looking to retire and exit your medical practice ownership in California, you might be wondering if now is a good time to exit. The 2023 market for buying and […]
When selling a business, the seller has two main options during the deal structure and its terms: an earnout or a seller note. An earnout is when the buyer makes a payment to the seller based on the future performance of the business while a seller note, also known as seller financing, is a loan […]
To understand what is a business broker, we need to understand the types of brokers first. A business broker helps retiring business owners in California with revenues under $1 million to get their business ready before putting the company up for sale. If your business happens to generate $5 million to $50 million in yearly […]
Can I sell my business if I have a PPP Loan? If you are a business owner and took a Payment Protection Program Loan or PPP Loan in California, and looking to sell your business or medical practice, you can exit your business ownership by complying with the SBA Procedural Notice. According to the SBA […]
When considering selling your medical practice, there are a lot of things to think about. The field of healthcare is constantly changing, and government and insurance regulations largely affect this industry. That means that to sell your medical practice, there are some things you need to do that make yourself appealing to buyers of all […]
Running and selling a medical practice in California is different than in other states, but there are some similarities, too. People are drawn to California for the climate, the lifestyle, and the multitude of opportunities. If it were its own country, California would be the sixth-largest economy in the world. It’s no wonder that we […]
There is no doubt that COVID-19 or the Coronavirus, changed healthcare forever. Some of the changes were ones that have been long overdue but were accelerated by a global pandemic. Others were unexpected and have driven the California Healthcare industry to adapt quickly. Here are seven ways COVID permanently changes the California Healthcare Industry. Elective […]
As one of the largest economies in the United States, California is attractive to those seeking to run a medical practice for a number of reasons. With the sixth-largest economy in the world, if it were a country, a lifestyle and weather to die for, and unparalleled recreation, it might seem like a no brainer […]
We often say that selling your business will take a team of experts. The business broker is like the quarterback of that team. He or she will make sure that everyone is talking to everyone else, and that all documents that need to be made available are handled securely and confidentially. There are also a […]
It is hard to be believe but the first official case of COVID-19 or the coronavirus was recognized in the United States on January 21, 2020. As I sit to write this article in late July 2020, that is over 6 months ago. For many business owners in specific industries such as Restaurants, Bars, Fitness […]
The truth is that many medical practices in California have been hit hard, even decimated by the COVID-19 pandemic. In a state where the costs to run a practice can be higher than in other states, this makes it hard to increase the profitability of your California medical practice before you sell. But a business […]
Selling your specialty medical practice anywhere can be a complex project. Many physicians, once they have opened their practice, tend to specialize in certain fields. This specialization offers several advantages over a General Practice for many doctors, and also makes the medical practice unique. In many cases, this can make it easier to sell when […]
When you’re getting ready for selling your California medical practice, there are several steps you need to take, and things you need to be prepared for. By taking these steps, you will make sure you find the right buyer at the right time, and you’ll make the process overall much easier. Here are the six […]
Selling a business is rarely easy. There are just too many variables, they are mostly outside the control of all the typical parties in a transaction; especially the seller. Plus the seller has probably done this before making it easy to make mistakes. Here’s a look at mistakes to avoid when selling a business. The […]
Andrew Rogerson, the owner, and operator of Rogerson business services is no stranger to owning a business himself. Between the businesses he owned in his native Australia to those he has owned and operated in the United States, he has an intimate knowledge of what it means to run a business. He’s sold his own […]
There are a number of keys to selling a medical practice, and increasingly doctors are joining larger health systems rather than trying to run a practice on their own. The same is true for urgent care practices, a part of the ambulatory health care system. Urgent care practices usually act as stand-alone walk-in clinics where […]
Like many other medical practices, cardiologists are under pressure from the government, insurance agencies and patients themselves to provide high-quality service at a lower cost. When it comes to selling a cardiology practice, it means that you must be more prepared than ever to present your best to your buyer: why you stand apart from […]
No matter where you are with your medical practice, if you want to sell one of the best things you can do before you even put it on the market is to grow your practice. Whether that means upgrades, a remodel, or even relocating, the fact that you are growing makes your business more desirable […]
The businesses-for-sale marketplace in the 2nd quarter of 2018 continues to break records based on the survey from BizBuySell.com. According to the report there were a total of 5,383 businesses sold in the first two quarters of 2018 which puts 2018 on pace to surpass the record number of businesses sold in 2017 of 9,919 […]
With changes in ACA and others anticipated, and the way insurance companies are reacting, the margins a medical practice is operating on are smaller and the need for business savvy is greater. It is a down market for selling a medical practice, as the United States faces a shortage of physicians and motivated buyers. This […]
Electronic Medical Records (EMR) is now a reality. From the largest hospitals to the smallest rural practices, medical records have now gone digital. What does this mean when you are preparing to sell your medical practice? There are certainly benefits to having the right EMR, and a good one, before you even put your practice […]
A Letter of Intent in Sale of a Medical Practice (LOI), also known as a “term sheet” or a “memo of understanding (MOU)”, is a non-binding outline of a transaction. It’s frequently used in the sale of a physician’s medical practice. A letter of intent is a brief notation of the main terms of what […]
Medical malpractice lawsuits against physicians and their practices are not uncommon. Almost half (49.2%) of physicians age 55 and over have been sued, according to research by the AMA, and over a third of physicians (34%) have had a liability claim filed against them at some point in their careers. We show you how to protect assets […]
Dermatologists who are considering the sale of their medical practices should know the latest information about their specialty area and practice consolidation trends. The majority of dermatologist practices (35%) are operated as solo practices or single-specialty group practices (41%). However, 15% of recent practice acquisitions by private equity firms (PEFs) have been dermatology practices, even […]
There are a number of healthcare industry groups that are not thrilled with the Republican tax bill. However, primary care physicians and dentists in independent practices may be able to find some reason to smile amid the 500+ page GOP Tax Legislation bill passed last week. The cause for this positive reaction is because the […]
Selling your practice involves a great many tasks that need to be accomplished to have a successful transition. One of the most overlooked but one of the most critical is medical billing. Medical Billing Realities Most patients of your practice don’t pay in full for office visits with cash. There are some patients who pay […]
Business owners who regularly read this column and other business resources know that succession planning is a critical component of business ownership—and for many physicians, it’s one of the most important decisions they will face—determining precisely how and when to retire from their medical practice. Unfortunately, there are plenty of physicians throughout California that fail […]
There have been numerous successes and failures when healthcare businesses are up for sale by their owners. Some of these issues associated with selling a medical practice are unique to the healthcare industry, however, many are applicable across all types of businesses. Consider these reasons why some medical professionals had troubles the first time around: […]
Many physicians will need to face a big decision at some point during their career: the prospect of selling their medical practice. As Sacramento business broker Andrew Rogerson has told many of his clients, the sale of medical practice must be structured and executed to best attain the selling physician’s two primary objectives: (1) maximum […]
Medical practices in Sacramento, CA, and around the country have a variety of intangible assets, including patient medical records, a workforce in place, and non-compete agreements. These assets are usually referred to as “goodwill.” Medical practice goodwill can be an important element in valuing a medical practice when an owner is preparing to sell. How […]
A boutique medical practice, Parsley Health, is set to debut its first location in downtown San Francisco later this month. It’s a growing trend in Northern California and around the country. An increasing number of physicians are practicing concierge medicine and opening boutique practices as a way to avoid dealing with insurance and reimbursements. These […]
[table id=5 /] A very long established Endocrinology practice is now for sale in Ventura County in Southern California. This practice is located in one of the most desirable cities to live in Ventura County; in between Los Angeles and Santa Barbara. It’s also nestled against the beautiful Santa Monica Mountains, home to excellent schools, […]
[table id=3 /] A very long established Family Medical Center is now for sale near Fresno, CA. To be more exact, the Family Medical Center is about a 20-minute drive south of Fresno, CA in a wonderful small city and its located in the main street and has been there for many years. The city […]
[table id=4 /] A very long established OB/GYN practice is now for sale about a 45 minute drive north-east of Sacramento, CA. It’s also in a wonderful city to raise young children and to slow down from the hectic city living of Southern California or from the San Francisco Bay Area. OB/GYN practice for sale near Sacramento, CA […]
There’s been a lot more interest from hospitals and large groups in buying medical practices in and around California. More and more physicians who are planning ahead and considering the sale of their practices are conducting valuations, as they want to have an idea of the value of their practice as a way to have […]
Though the price is an imperative part of buying or selling a business, the terms of the deal are also crucial. This article shows some of the reasons why understanding the terms can help you when it comes to any business transaction.
Do thoughts of selling your business ever cross your mind? As a business owner you certainly know that the day will come when you will walk away from your company’s operations.
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