Selling a Mental & Behavioral Health Facility
If you are considering whether to sell your mental and behavioral health facility you probably have questions on how to get started such as: How do I price my mental and behavioral health facility and how do I sell it while maintaining confidentiality. Synergy Business Brokers has been selling healthcare businesses for over 15 years, and we have experience selling mental and behavioral health businesses. Whether you want to sell a mental health facility, behavioral health facility, Psychology Practice, or alcohol or substance abuse facility, we can guide you through the process of selling your healthcare business.
Contact a Healthcare Business Broker
The first step is contacting us for a no-cost confidential consultation. We'll ask questions about your business such as: what type of patients you service and in what geographical area, what your unique approach is, and what type of skills do your doctors and other employees have. Next, we'll review your financial information to look at trends and determine what your net income is. This will allow us to provide you with a potential selling price. If this is something you want to move forward with, we'll have you sign a Listing Agreement which provides for a percentage of your sale price so we'll have the same goals of maximizing your sale price.
You will also want to get a buyer that you feel comfortable in taking over your business. We'll require prospective buyers to sign a Non-Disclosure Agreement and provide us with their qualifications before giving them the identity and details on your business. To generate a lot of potential buyers, we'll develop a profile of the company that maintains confidentiality. We'll advertise this profile as well as contact our database of 25,000 potential buyers to see which buyers are the most qualified and interested. The types of potential buyers for your behavioral and mental health facility are other similar facilities that want to expand as well as private equity firms that are buying and merging several of these facilities. It could also be a wealthy individual with experience in this area. We have contacts with all of these types of buyers, and we'll work hard to see who the best buyers are before we introduce them to you.
The type of buyer might also vary depending on the type of services you provide such as whether you focus on one or more of the following:
- Adult addiction services
- Teen and adolescents programs
- Bi-Polar Management programs
- Alcohol Addiction programs
- Anxiety and depression treatment
- Psychosis or Neuroses
- Drug Addiction treatment
Also, some buyers are looking for facilities that focus on in-network insurance reimbursements or those that cater more towards private payment individuals. Whatever type of practice you have we have potential buyers that are interested in a variety of Mental Health Care businesses.
An initial meeting with the buyer is a chance for both parties to see if there might be a good fit. If so then the next step would usually be an offer letter which would outline the price and structure of the deal. In most cases, we can get multiple offers that allow us to negotiate the best price and terms. Once an offer is agreed to, then there is a due diligence phase to verify the financial information and other details about the business. And the process of transferring and applying for a license will be started along with a purchase and sale agreement that will need to be finalized. We will work with you every step of the way to keep the deal moving forward and on track.
We have potential buyers located throughout the US, including NY, CT, MA, NJ, TX, PA, and much more. We also sell psychology practices and occupational therapy practices. We sell healthcare businesses with annual revenues of $700,000 to $40 Million, so if your business falls within that range, we would love to speak with you to let you know how we can sell your business.
Synergy Business Brokers Is the Healthcare Business Broker on the East Coast
Our team has plenty of experience selling healthcare businesses and medical businesses. We have a vast network of potential business investors to draw on, and you don’t pay anything until we sell your business.
You can start right now by filling out the form on this page or submit our registration form to get started. We look forward to speaking with you.