Selling A Medical Practice

Are You Looking To Sell Your Medical Practice?

At 1st Med Transitions, we understand that Selling A Medical Practice on your own can be a difficult and time consuming task. Are you asking yourself... Is now the time to sell my Medical practice? Whether you are ready to sell or just starting to entertain selling your Medical 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 Medical Practice. When it comes time to sell you Medical 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 tried and true method designed to generate the most potential buyers in the least amount of time and maximize the sales price of your practice.

Step 1: Determining the selling criteria

This is the first and most important step in the process. We will discus your goals, objectives and timeline for sale. We will asses your current situation and provide you with our opinion on what the market will bear for your Medical practice.

Step 2: Building The perfect offering memo

The Practice Offering Memo is the primary document we use to develop buyer's interest in your practice. More important than just detailed financial numbers, the Offering Memo focuses on the intangible factors of the practice such as Market Trends, Staff Strengths, Patient Base, Production & Collection Sources and many more items that justify the value of the practice.

Step 3: Marketing the practice

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 profit. 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 30,000+ Dentist Nationwide.

Step 4: Negotiating the sale

One of the most overlooked part of the Medical 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 Medical 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 : Closing the sale!

The difference between a closed transaction and a Medical practice left on the market for months, can many times comes down to the attention to details. 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.

Step 6 : post close transition

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 Clost Transition Period. There are many factors to consider, indcluding credentialing, procedures and systems training, employee management, insurance transfer, etc. Our Transition Advisors make sure both parties are comfortbable with the plan and are always available to help execute it.

Our dedicated Medical Transition Advisors are always on-hand and ready to assist. Our goal is for you to achieve your sale faster and more efficiently, all while having someone by your side who you know you can trust.

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

Sell Your Medical Practice With 1st Med

25 Years Of Industry Experience

140+ Satisfied Clients

$110M+ IN Closed Practice Transactions