1st Med Transitions Articles

 

Why You should sell with an industry specialist?

April 10th, 2017 by Michael S. Furlong

Thinking about selling your practice on your own? You may want to think twice about this type of endeavor. Successfully selling a medical practice requires an entirely different type of skill set than practicing medicine. You may have achieved great success building your practice, mentoring associates and cementing patient relationships, but actually selling a practice is entirely different. Read More

 

Read this before you sell your practice

March 5th, 2017 by Michael S. Furlong

Congratulations! You are at the stage of your dental career where you are finally ready to sell your practice. Years of hard work establishing and growing your practice are about to pay off! Whether you are headed towards your retirement or have new career ambitions in mind, this final decision may be the most important of your professional career. Read more

 

why a practice valuation is important when selling?

February 11th, 2017 by Michael S. Furlong

For a seller, it is very important to have a practice valuation performed because it confirms the validity of your selling price. It can also limit "low-ball" offers from buyers looking for a bargain. This can save time, money and headache by diverting the deal hunters and allowing us to focus on real buyer. It also shows potential buyers that you are serious about selling your practice and have done the necessary legwork to prepare the practice for sale. Read more


10 Tips for selling your practice

January 17th, 2017 by Michael S. Furlong

Why is cash flow important? Cash Flow is a practices earnings before interest, depreciation and amortization and any other personal financial add-backs that will not transfer to the new owner. Cash flow is important because it is used to determine the profitability of a practices operations. So how can this indicator make or break the sale of an practice? Read more

 

What sellers need to know about cash flow?

December 11th, 2017 by Michael S. Furlong

Deciding to sell your practice is a very important decision. Here are 10 key tips to consider prior to, during and after your sale. Read more

 

I'd Like To Sell My Practice

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Seller Articles & Resources


]   Why Sell With A Specialist?
 
]   Why Cash Flow Matters?
 
]   10 Tips When Thinking Of Selling!
 
]   Ready To Sell... Read This First!
 

What Our Clients Have To Say

The terms 1st Med was able to negotiate with the other party made most of my colleagues' jaw drop in disbelief. Would a value of over 120% of your practice collections and a transition commission that is half of what others charge sound like a good deal? it sure did to us

Never felt so free and financially secure in my life. Finally, I am able to enjoy what I am trained to do best, being an exceptional dentist, while still being able to spend quality time with my family and enjoying my time off.

Dr. Najib Adi, DMD
Gainesville, VA