Why Trust Our Medical Practice Brokers?
With over 40 years of experience and more than 2000 successful medical practice transitions, our brokerage team at Cynergy CSI is dedicated to providing unparalleled expertise and personalized service. Our brokers are committed to ensuring smooth and profitable transactions tailored to your specific needs.
Comprehensive Medical Practice Brokerage Solutions
Our medical practice brokerage services cover every aspect of the transaction, from initial valuation to final sale. We leverage our deep industry knowledge and extensive network to find the best buyers and sellers, ensuring you receive the maximum value for your practice. Our brokers handle all negotiations confidentially and professionally.
How Our Medical Practice Brokers Work for You
Our detailed brokerage process is designed to minimize stress and maximize results. Here’s how we do it:
- Initial Consultation: Understanding your goals and assessing your practice.
- Valuation: Providing a thorough and accurate valuation of your practice.
- Marketing: Utilizing our extensive network and marketing strategies to find the best candidates.
- Negotiation: Our brokers handle all negotiations to secure the best terms.
- Transition Support: Assisting with all aspects of the transition to ensure a smooth process.”
Success Stories from Our Brokerage Clients
Don’t just take our word for it—hear from our satisfied clients. Our brokerage services have helped countless medical practitioners achieve their transition goals. Read their stories and learn how our expert brokers made a difference.
“Your predictions on time line and cost of the practice sale were accurate. I believe that without your active involvement to close the deal, it may not have happened.”
“I have had the opportunity to engage Cynergy Consulting for a number of projects. These include physician practice valuation, physician practice management and physician practice acquisition. I found their work to be professional, their expertise excellent and the work performed with a high degree of integrity.”
“Cynergy gave an expert evaluation and obtained a reasonable price, and kept on the potential purchasers through times of waning interest to finally bring the deal to fruition. The transfer of my practice to [a regional] Health System is not only important for me and my family, but provides security for my staff and patients as well.”
Get in Touch with Our Medical Practice Brokers
Ready to take the next step? Contact our expert medical practice brokers today for a confidential consultation. Let us guide you through the complexities of buying, selling, or transitioning your medical practice.
FAQ
It’s important to ensure all aspects of your practice comply with laws and regulations, including HIPAA and other healthcare-specific rules. Additionally, the sale itself will require legal agreements like a purchase and sale agreement, so legal counsel is necessary.
It’s important to communicate openly and honestly with your staff about the sale, while also respecting the confidential nature of the process. Assure them that their welfare is being considered during negotiations.
The decision between selling assets or stocks depends on various factors including tax implications, legal liability, and the specifics of your practice. A financial advisor or attorney can help you decide which option is best for your situation.
In our experience if you can stay on board for the transition. Ideally, we recommend 1-5 years. The longer you stay the more value you add to the practice.
You’ll need to provide financial statements, tax returns, and operational data. Other important documents include legal paperwork like your practice’s incorporation documents, licenses, and permits, and any contracts or leases. Learn more about the medical practice valuation process here.
The timeline varies based on market conditions, the nature of the practice, and the specifics of the deal. Generally, it can take anywhere from 6 months to over a year. It’s important to partner with an expert in medical practice brokerage.
Ideally, you should start planning to sell your practice a few years in advance. This allows you to optimize operations, maximize profitability, and address any potential issues before they can impact the sale. Typically providers begin to plan approximately 5 years before starting the process.
The value is a combination of both the tangible and intangible asset value. Some methods that may be used to determine this include the income approach, market approach and asset based approach. Not sure how to get started? Try our free Medical Practice Valuation Calculator.
