FAQ’s
Buying or Selling an Ancillary Healthcare Business?
Key Healthcare Business Brokers – An Integral Part of Your Team
Frequently asked questions that come up when we are buying, selling, valuing and optimizing ancillary healthcare businesses
Q: How much is my healthcare business worth?
A: A professional appraisal by our healthcare business valuation experts assures accurate evaluation of multiple market approaches that best suit your particular healthcare business and desired financial outcome. The FMV (Fair Market Value) and CFV (Cash Flow Valuation) approaches can work well but do not necessarily apply to your particular business. Each healthcare business is unique. It takes years of hands-on experience to uncover the hidden value in your healthcare business. A business appraisal is only as good as the business broker’s ability to bring the value to market and successfully complete the sale. We’ve done it. Hundreds of times. And, we can do it for you.
Q: How long does it take to sell my healthcare business and when should I hire Key Healthcare Business Brokers to sell my healthcare business?
A: Depending on circumstances, it can take six months to two years to complete the full cycle of a healthcare business sale transaction. Therefore, it’s wise to contact us well in advance of your anticipated sale so that we may utilize our expert skills in maximizing the potential value of your practice. Buyers and lenders seek financial consistency with an emphasis on twelve to eighteen months prior to listing a healthcare business for sale. Creating wise exit strategies in anticipation of a sale is also an important step in maximizing healthcare business value. Our experience is unparalleled in the healthcare business industry. Contact us as soon as possible in your decision process for a no-obligation pre-sale strategy review.
Q: How do I choose a broker/consultant to buy a healthcare business?
A: As they say in many types of investments, money is made on the buy. This analogy can also apply to the purchase of ancillary healthcare businesses when conducted correctly with an experienced broker from Key Healthcare Business Brokers. It is imperative to select a consultant/broker that has the ability to perform complex due diligence and uncover hidden potential. Skill as a healthcare business broker is vital, as well as strong financial consulting. Key Healthcare Business Brokers has 22 years of combined market experience in healthcare business appraisals, healthcare business buy-ins and partnerships, healthcare business acquisition strategies, creative healthcare business financing and healthcare business transition strategies.
Q: Can hiring the right Healthcare Business Broker make or break a buy or sell transaction?
A: The ability of a business brokerage consultant to properly position the healthcare business and successfully market it for sale can determine a successful outcome. Having hands-on ancillary healthcare business experience, financial consulting expertise and the ability to understand and anticipate the healthcare business market are important factors. Working with Key Healthcare Business Brokers assures the highest code of ethics, an unwavering degree of professionalism, decades of experience, and business valuation expertise. You will work one-on-one with principals who are dedicated to your individual client satisfaction.
Q: Why shouldn’t I just sell my medical practice myself? I could save some money.
A: We would not attempt to perform our own laboratory work or perform heart surgery. Both of these important services require expertise and experience. Similarly, we advise our healthcare business owners, healthcare investor groups and private equity clients not to attempt to negotiate healthcare business sales. You know your business inside out. We know our business inside out. Healthcare business brokerage. While there are no guarantees, with our years of healthcare business expertise, we have literally added hundreds of thousands of dollars in added-value to healthcare business sales by understanding hidden value, strategic optimization and implications underlying taxation. It takes years of experience plus staying on the leading edge of ever-changing regulations to negotiate these complex transactions. Your time is much better spent doing what you do best – maintaining and growing your ancillary healthcare business prior to a sale, growing your business strategies, or preparing for retirement and enjoying your life. Selling a healthcare business can be an emotional experience. Lifetimes are often spent building a healthcare business. We are able to buffer the emotional factor and present factual financial data for you to make profitable and educated financial business decisions.