How To Prepare Your Practice To Be Sold:
A Guide to Medical Practice Acquisition
The healthcare industry is witnessing a surge in mergers and acquisitions, significantly altering its dynamics. This trend is particularly relevant for those in long-term and post-acute care, skilled nursing facilities, and assisted living. Selling your practice to a private equity firm or a larger healthcare entity is a noteworthy step that comes with its share of challenges and opportunities.
To navigate this transition effectively, it's crucial for your practice to be well-prepared. This preparation involves a comprehensive process, focusing on implementing suitable systems, advanced technology, and thorough documentation. Such measures are vital for enhancing the value and success of the acquisition.