How Do I Sell My Internal Medicine Practice?
If you own an internal medicine practice with multiple employees, you may have enjoyed a great time running this business. However, as your business has grown over the years, you may be ready to retire or be interested in doing something different. Perhaps you don't enjoy managing the practice as much.
Whatever your reason for thinking about selling your internal medicine practice, you probably have many questions such as:
- How much can I sell my internal medicine practice for?
- Would the best buyer be a doctor, hospital, or medical clinic?
- How do I keep the sale quiet?
- Which business broker is best to sell my internal medicine practice?
- What is the process of selling?
Selling Large Internal Medicine Practices
We sell internal medicine practices with $800,000 to $50 Million in annual revenue and Net Incomes between $250,000 to $6 Million. We have a database of over 30,000 potential buyers, including hospitals, large medical practices, affluent doctors, private equity firms, and public healthcare companies. Our potential buyers are interested in:
- Family Medical Practices
- Pediatric Internal Medicine Doctors
- General Practitioners
- Primary care physicians
- Nurse Practitioner Offices
- General Diagnosticians
- Adult Internal Medicine
- Cardiologist Specialists
- Walk-in Clinics
- Virtual Medical Services
- and more
Contact Medical Business Brokers
The first step is to contact us for a confidential consultation. We'll find out more about your practice, including what types of patients you have, the services you offer, and your staff's roles. Next, we'll get some general financial information from you. This allows us to provide you with a potential selling price that we can firm up after reviewing your financials in more detail. Of course, we can sign a confidentiality agreement. If you decide to move forward with us, you can sign our listing agreement which only provides for payment if we sell your practice. We represent you, so we'll work hard to get you the best price and a buyer that you will feel comfortable with to take over for you.
In most of our assignments, we can get multiple offers that give you a choice and us negotiating power. We are paid a percentage of your sale price, so it's in our interest to maximize your deal. Having sold hundreds of businesses, we know what to look for and how to negotiate so that both parties can move forward. Part of this is working out a transition period where you will stay on after the sale and help the new buyer understand how you operate and make the most of the opportunity. In many cases, the new buyer will have systems in place that can make things run more efficiently. When you are combined with a larger healthcare company, they will have more leverage with insurance companies to maximize reimbursements. Sometimes the seller may want to stay on for an extended period. This allows them to transition into retirement and maybe work part-time without the stress of running the overall business aspect of the practice.
Synergy Business Brokers can sell your Internal Medicine Practice
We have Senior Brokers located in TX, NY, MA, NJ, CT, La, and PA and sell businesses throughout the East, South, and Midwest. Our buyers are from every state in the country. We have specific knowledge of the medical business industry that we can put to work for you. Since we only get paid when a sale is made, you have nothing to lose.
You can get started online right now. Just fill out and submit this simple form online, and we’ll be in touch shortly for a confidential consultation. If you prefer, email us at [email protected] or call us at 888-750-5950 to get started.