The California economy, like the US economy and the rest of the world is still reacting to COVID-19 and its effects. Adding to the mix, in California we are experiencing a very hot and dry summer with over 350 wildfires raging throughout the state. Also adding to the mix is AB5 or the new independent […]
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 in California is a life-changing event. The sale will likely be the most significant financial event of your life and may even be a large part of your plan for retirement. It’s important that you plan for this event just as carefully, if not more so than you plan for other things […]
Over the last month or so I hope you have successfully embraced this time of year by slowing down and enjoying things that are important to you. If you are into New Years Resolutions, I hope they are successful. I must be getting old, but I’ve decided if something is important to do, do it […]
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 […]
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 […]
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 […]
Buying or selling a business may appear to be a simple process, but to seasoned business advisors like Andrew Rogerson in Sacramento, these transactions have a multitude of issues that must be resolved. This includes things like the type of transfer that best fits the situation; the circumstances that are dictating the transfer; if the […]
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 a medical practice must be structured and executed to best attain the selling physician’s two primary objectives: (1) […]
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 […]
When considering the prospect of selling their medical practice, physicians want to achieve two main objectives: maximizing their profits and minimizing any liabilities after the sale is completed. Engaging the assistance of an experienced Sacramento business advisor can ensure that the sale of a medical practice is structured correctly and executed without issues. Unfortunately, too […]
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 […]
Successfully selling or buying a medical practice is one of the more challenging and complicated business transactions. When everything aligns and the seller and buyer are able to agree on the basics of the transaction, there is generally a detailed due diligence period as there are many items to review. This includes making sure the […]