Under normal circumstances the timeframe to sell a medical practice can be 9 to 12 months. Add-in other variables such as speciality
and geographic location and the timeframe can become even longer. It is imperative that sellers be flexible on selling price and transition assistance, or risk realizing little to no value for their medical practices. Making such concessions can be difficult especially when a practice has good earnings and might otherwise warrant a premium from buyers
under normal market conditions. In conclusion, sellers of private medical practices must allow enough time and be flexible to ensure that all their objectives are met prior to moving on to the new opportunity.
Written by Transition Consultants