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Sell My Practice

Are You Looking To Sell Your Dermatology Practice?

At 1st Med Transitions, we understand that Selling A Dermatology Practice on your own can be a difficult and time consuming task. You may be asking yourself... is now the time to sell my Dermatology practice? Whether you are ready to sell or just starting to entertain selling your Dermatology practice, our transition advisors are happy to discuss your options.

We know that you have invested years of hard work and sweat equity into your Dermatology Practice. When it comes time to sell your Dermatology practice, you want to have the right team in place to help and support you every step of the way. At 1st Med Transitions, we have developed a streamlined process to generate the most potential buyers in the least amount of time and maximize the sales price of your practice.

STEP #1  Sales Consultation

This is the first and most important step in the process. We will discus your goals, objectives and timeline for sale and of course, answer any questions you may have. We will asses your current situation and provide you with our opinion on what the market will potentially bear for your Dermatology practice.

STEP #2 Practice Valuation

If we decide to move forward with a valuation review, your transition advisor will request financial's, practice reports and a practice profile to be provided. Upon review and analysis, your advisor will present his opinion of value for the practice and discuss the optimal pricing and marketing strategy.

STEP #3 Listing Period

Our goal is to maximize the pool of buyers who have a chance to review your listing. The more competition we can generate for your practice, the higher the potential for sale and maximum income. We accomplish this through our extensive Marketing Verticals including Paid Search, SEO, Email, Social Media, Industry Web sites & Forums, Direct Mail to Home and our always growing database of 10,000+ Dermatologists Nationwide..

STEP #4 Review Offers

One of the most overlooked part of the Dermatology Practice Sales process is the sales negotiation. Every contact between buyer, seller and broker, from initial discussion to closing, is an opportunity to lay the groundwork for future negotiations. One single event does not typically lead to the successful sale of your Dermatology practice. It is a combination of the presentation, offering memo, timely communications and direct industry knowledge that lead to a win-win negotiation.

STEP #5 Due Diligence

We've accepted an offer, but our work is not done. The difference between a closed transaction and a failed one, can many times comes down to the attention to details. We will work with the buyer on reviewing the books, practice reports, securing financing (if needed) and sales contract negotiations.

STEP #6 Closing & Transition

There are a number of aspects that lead to a successful closing - deal structure, non-competes, escrow, representations and warranties and transitions agreements. We stay on top of every step in the process from the marketing, letter of intent, due-diligence to the purchase & sale agreement and ultimately closing.

The sale is finally closed, but our job is not yet complete. Perhaps one of the most important, but often overlooked parts of the sales process is the Post Close Transition Period. There are many factors to consider, including credentialing, procedures and systems training, employee management, insurance transfer, etc. Our Transition Advisors make sure both parties are comfortable with the plan and are always available to help execute it.

To get started, complete our Dermatology Practice Sales Consultation Form Here and one of our experienced practice transition advisors will contact you within 24 hours.

Why Sell With 1st Med?
  • Save With 5% Commission
  • Direct Industry Knowledge
  • Free Practice Valuations
  • Flexible Listing Agreements
  • Independent & Corporate Buyers

Have Questions?

Don't hesitate to contact myself or one of our Transition Advisors.

Michael S. Furlong

Senior Transitions Officer


(800) 815-0590
All Discussions Are 100% Confidential

Our Featured Articles
30 +

years of industry experience

322

satisfied clients and counting

$501 Million

in closed practice transactions

Why Sell With 1st Med?

1st Med can assist in all of your dental practice sales needs. Let our transaction experience, extensive network of healthcare resources and clear commitment to personalized client service go to work for you.

Our Listing Process Is Simple

GET STARTED
  • 1

    Initial Consultation

    Complete our Sales Consultation Form Here and one of our transition advisors will contact you to discuss your sales goals.

  • 2

    Practice Review & Valuation

    Your Transition Advisor will listen to and discuss your specific professional and sales goals and review the financial and clinical aspects of your practice. With your input, we will determine a reasonable market value and listing price for your practice.

  • 3

    Market Your Listing

    We will market your practice for sale through our multiple marketing channels to reach the maximum potential buyers and generate as much interest as possible!

Testimonials From Recent Sellers

  • Dr. Dennis Norkiewicz

    Sold / Affiliated With A DSO

    "Mike and his team know the DSO business very well and they take good care of their clients.

    I would definitely recommend using 1st Med Transitons if you are in the market to sell to a DSO."

  • Dr. Gordon Sokoloff

    Sold To A Private Buyer

    "David didn't miss a beat. He was friendly, informative, responsible, and responsive to all of my questions and concerns from start to finish of the entire process.

    I couldn't have been more pleased with David and the company as a whole"

  • Dr. Najib Adi

    Sold / Affiliated With A DSO

    "The professionalism, patience and tolerance David demonstrated... was remarkable.

    His commitment to our practice well-being and our professional future well-being was truly unmatched."

  • Dr. Gary Adams

    Sold / Affiliated With A DSO

    "Michael did a wonderful job of explaining to me the process,

    introducing me to a variety of different groups and helping me to find the best fit and value for my situation. "

  • Dr. Oqba Tujjar

    Sold To A Private Buyer

    "I have worked with other brokers in the past but working with David was a true pleasure.

    He managed to make an inherently stressful process as smooth as possible and was consistent in sincerely seeking my best interest every step of the way."

Questions?

Ask an expert?

To speak with a Transition Advisor Call Us: (800) 815-0590 or

Click Here To Get Started