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Buy a Medical Practice

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Buy a Medical Practice with ProMed Financial’s expert practice sales agents and seamless transition support
SEARCH OUR LISTINGS!

Why Buying an Established Medical Practice is a Smart Investment!

Purchasing an established healthcare facility comes with significant advantages, including the potential for immediate cash flow from an already operational business. Unlike starting a practice from scratch, an existing practice often allows you to bypass the initial growth phase, giving you a faster return on your investment.

However, it’s essential to understand that building and maintaining cash flow can still take several months. In some cases, it may take longer than expected to cover operational expenses. That’s why it’s crucial to plan ahead for financial challenges, including any unknown rates of attrition in patient or staff retention.

Ensure Financial Stability with Working Capital

If you require financing for your acquisition, ProMed Financial can help secure Working Capital as part of your loan package. This additional capital can provide a financial cushion to manage unforeseen expenses or fluctuations in revenue, especially if there are signs of potential negative cash flow.

Our specialized acquisition loan products also allow for the addition of working capital, as well as funding for equipment upgrades—essential components for ensuring a smooth transition into ownership.

Types of Healthcare Facilities We Work With

We work with many different types of healthcare facilities and specialties, including but not limited to:

Why ProMed Financial is Your Best Partner When Buying a Medical Practice

 At ProMed Financial, we are more than just a financial resource—we are your partner throughout the entire process of acquiring a healthcare practice. Whether you’re seeking financing options or ready to make a purchase without external funding, we offer tailored solutions to fit your specific needs.

 

Our practice sales agents are industry experts who are dedicated to ensuring a smooth and successful transition for both buyers and sellers. They conduct thorough due diligence, carefully analyzing financials, marketability, and operational details to ensure that sellers experience a seamless handover while buyers make confident, informed investments. With decades of experience in healthcare practice sales, our agents are committed to facilitating successful transactions that support long-term success for all parties involved.

Secrets of Buying a Medical Practice

Determining the right opportunity when buying a practice involves careful consideration of several key factors. Here are some essential questions to ask yourself:

  • Location: How far away do I want to live from my practice?
  • Facility Needs: How many treatment rooms do I need now and in the future?
  • Financial Requirements: What are my financial needs and expectations?
  • Guidance: Who can provide me with the experienced and professional support I need throughout the process?

Beyond the financial aspects, it’s vital to recognize the benefits of acquiring a practice with established systems already in place. Look for:

  • Integrated Software Programs: Administrative processes that are functional and user-friendly.
  • Trained Personnel: Staff who understand daily operations and are likely to remain under new ownership.

While it’s common for buyers to worry that employees might leave after the acquisition, many staff members actually view a new owner as an exciting opportunity for fresh ideas and improvements. They may be eager to contribute to a revitalized business.

Additionally, the seller will typically remain available for a mutually agreed-upon period post-sale, ensuring continuity and providing valuable insights during the transition. Their experience can help address questions you might not have thought of during your due diligence, making the process smoother and more informed.

By considering these factors, you can make a confident decision that aligns with your personal and professional goals.

Necessary Due Diligence

When purchasing a medical practice, you’re not just making a transaction—you’re investing in your future. At ProMed Financial, we are committed to helping you find the perfect practice that aligns with your current needs and your long-term goals.

The first step in this process is signing our Non-Circumvention Non-Disclosure Agreement (NCNDA), which will allow you to review the practice in full detail with our experienced practice sales agent.

SIGN OUR NCNDA!

Once you’ve signed, our experience Agent can review several key factors when purchasing a Medical Practice, including:

  • Key personnel and their roles
  • Employee salaries and compensation structure
  • Transferability of patient base and goodwill
  • And other critical considerations


We look forward to guiding you through this important decision. Our dedicated practice transition team will ensure that the practice you choose is the right fit—personally, professionally, and financially—while also providing a seamless transition.

Let us know if you’d like to move forward, and we’ll be here to support you every step of the way.

I wasn't sure what practice would be right for me. We all dream and I had mine. ProMed helped me be practical and fruitful in making my decision. They reminded me how important it was to check out the demographics, residential area, local competition, socio economic status of the area and more. I needed someone to guide me through this process. And now, I am looking for a successful future.
Dr ANew York
really appreciated the hands on approach of ProMed. Any questions, any concerns were addressed with complete satisfaction. They spent time vetting and finding the right doctor for my "family of patients". It's not easy to make the decision to sell and because of their guidance and direction we were able to complete the sale very smoothly. I would recommend them for their efficiency and especially for keeping the sale confidential. My staff had no idea until it was the right time.
Dr KTexas
Many times has ProMed come to my rescue in many cases. First it was acquiring a practice acquisition loan, then years later a debt consolidation and additional financing for purchasing the building and acquiring more working capital. It seemed to take little time to complete the process. My experience has been very favorable and have recommended many colleagues to engage ProMed for their professionalism.
Dr McECalifornia
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