How Do I Sell My Healthcare Business?
There’s always a need for quality health care, so there are always buyers looking for good healthcare businesses. That’s good news for a seller, but if you are trying to sell a healthcare business, there are also challenges you may face. You are probably already thinking about issues like:
- How can I sell my healthcare business confidentially?
- What price should I ask for my healthcare business?
- How can I maximize the price when I sell my healthcare business?
Fortunately, Synergy Business Brokers has a lot of experience selling Healthcare businesses. We focus on selling healthcare businesses with annual revenues of $1 Million to $50 Million. For Healthcare businesses this size, we have many potential buyers for a variety of companies including:
- Physical Therapy
- Medical Practices
- Pharmaceutical Companies
- Mental & Behavioral Facilities
- Medical Supplies
- Medical Testing
- Medical Billing
- Healthcare Insurance Agencies
- Healthcare technology
- Healthcare Equipment Distributors
- MRI Centers
- Healthcare Manufacturers
- Healthcare Consulting Firms
- Coronavirus Related Companies
- Medical Labs
- Healthcare Services and Facilities
- Medical transportation, and more.
All it takes is a knowledgeable, systematic approach and you can get the best price for your healthcare business. Here’s how to start:
1. Valuing a Healthcare Business
A healthcare business has value beyond the mere numbers. The ability to provide quality healthcare services or products is extremely valuable and can have long-term benefits beyond your current assets vs. your liabilities. To get the most value for your healthcare business, the best bet is usually to have an experienced business broker provide you with a valuation so you can show potential buyers just what they’re getting with your business and why they should move forward with the opportunity to own your business.
It’s important to have your books in order when selling a healthcare business. With all of the complex vagaries of health insurance and different types of patients with different plans, it’s essential that potential buyers see that all of the financial information clearly and there are no confusing elements that they should be concerned about.
3. Healthcare Business Brokerage
If you haven’t considered it yet, it’s time to start thinking about bringing in a healthcare business broker to maximize the value you get for your healthcare business. If you haven’t worked with a business broker before, you may be impressed with just how much more comfortable they can make the process.
A good business broker can provide you with a potential selling price, can offer tips on how to make your business more appealing to buyers and, possibly most importantly, has access to multiple healthcare buyers who can drive up the selling price of your business. If you do hire a business brokerage firm, it’s imperative that you hire one with experience in the healthcare field.
Why Do I Need Health Care Business Brokers to Sell My Healthcare Business?
Healthcare is a particular and sometimes complex business. Healthcare products businesses are very different than healthcare service businesses. Within healthcare services, potential buyers want to know if your business is one that works with only Medicare and Medicaid services? With private pay patients? Both? Do you provide behavioral health or hospice care? A general business broker may not recognize these distinctions and what they mean for the sale of your business.
A healthcare business broker like Synergy Business Brokers will. We help business owners sell many different kinds of healthcare businesses, and we have personnel with particular experience in the healthcare industry. For healthcare businesses with annual revenues between $1,000,000 and $50 million on the East Coast and beyond, Synergy Business Brokers has a large number of potential buyers.
If the idea of getting the best possible value for your healthcare business with an experienced healthcare business broker appeals to you, just fill out our simple contact form, email us at [email protected] or give us a call at 888-750-5950 today. We’ll set up a private consultation to figure out the best way to sell your healthcare business.