Buying practices regularly is probably not an easy task. There are a lot of small operator practices out there where the owners make a decent wage but not much more hence not suitable. If your practice has scale and profitability what is the compelling reason to sell.
Lack of succession is one reason which I get, so applicable if retirement looms however if you have a successful practice and you are not looking to retire would you cash it in and then go back to working for "the man"?
I saw a similar model fail for Primary Health Care back in the day. Sure there was some that worked but the majority couldn't wait to get out once their escrow period expired (5 years in Primaries case). A lot of the original sellers left the business and re established themselves down the road whilst thanking PRY for the capital injection.
Im not suggesting there isn't any but it is not as easy as rolling up with a cheque book. Perhaps the establishment of new practices is just as viable in new growth areas. Obtaining suitable practitioners and then building the client base then becomes key. Slow burn as opposed to instant results.
Buying practices regularly is probably not an easy task. There...
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