3 keys to success when buying a practice

Stop thinking like a clinician and start thinking like an owner, with these helpful hints and key takeaways, writes business and financial adviser Sam Gadani

At some point in their career, most medical practitioners consider the option of buying an existing practice. This is a big investment decision, so where do you start?

Keys

First, you need to transition your mind-set and start thinking like an owner, not a clinician.

This is a decision that requires hard-nosed financial analysis and investigation. Here are some key factors to consider if buying an established medical practice:

1. The right purchase price

Detailed due diligence is the only pathway to establishing a reasonable buy-in price and to

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