buying a physical therapy practice

Alliance Physical Therapy Partners will assist you in finding the perfect practice, and then help you to finance it. With that in mind, here are a few things to ponder before you purchase a PT practice: John Baio, PT, DPT, owner of Martino Physical Therapy, strongly advises that anyone purchasing a PT clinic do everything possible to keep things amicable during the transition. Some of the acquisitions are strategic; others are financial. We Have Selected a Recipient For Our Fall 2019 Entrepreneur Endorsement Scholarship! Buyers are looking for a firm in a livable area with good schools and job opportunities. Considering that a buyer may be moving to your city to manage the firm, they may not consider a practice in a seedy area. “I also felt better working with the existing bookkeeper and accountant for better continuity.”. Here are the typical valuation multiples used to appraise physical therapy businesses: Business sale price to annual revenues plus inventory. On a lesser scale, simply sharing office space with another firm, such as a chiropractor, would get more people in your door and potentially round up new customers, without all of the fine print of a merger. Phone: 704.676.0940, 4 Herman Ave Ext, Suite C Pagador does add that if you have a strong following from your previous clinic or setting, then this may not be as much of an issue. But, if that practice’s top clinicians decide to join or open another clinic down the street after you come on board, you could lose many of their patients, too. Asheville, NC 28803 Due to the shortage of physical therapists, practices are using M&A as a growth strategy and are actively looking for firms to acquire. Request a Free Demo Order | | | SERVICES: HOW IT WORKS: QUIZ: FAQs (888) 995-8568: ORDER! Phone: 704.676.0940 This type of event creates a safe, non-judgmental, and somewhat anonymous platform for physical … Considering that a buyer may be moving to … If you want to buy a physical therapy practice in Illinois, browse Sunbelt’s extensive database of listings. The American Physical Therapy Association’s Private Practice Handbook provides some additional tips with this in mind when putting together your formal planning. Discover how WebPT works across all of outpatient rehab. We have valued and sold several physical therapy practices in the southeast and we hope these tips will get you ready to take the next step in the small business cycle. If you want to keep the transition seamless, Baio recommends that you start working out the details of taking over marketing efforts—including doing any necessary re-branding—well before you start seeing patients under new ownership. Staffed by 2 physical therapists plus owners 2 days per week semi absentee PT practice. Understanding the value of a physical therapy practice is important, regardless of any near future transactions. The first step in the M&A process is finding out how much your practice is worth. Phone: 828.242.8141, 2036 eWall Street, Suite G Learn the top 5 things that you must know and understand before you open a cash based or private pay PT clinic And if they wanted to buy Nike, the whole company, the value of Nike’s goodwill would represent much more than their tangible assets—it would have to include the company’s goodwill. In fact, Sunbelt currently has listings for 0 physical therapy practices for sale in Illinois (IL). He notes that it’s always preferable to have the previous owner in your corner as your biggest cheerleader. Safe neighborhoods and attractive scenery also plays a role. Meredith Castin, PT, DPT, is the founder of The Non-Clinical PT, a career development resource designed to help physical, occupational, and speech therapy professionals leverage their degrees in non-clinical ways. Selling your business may feel intimidating but with the help of an intermediary, it can be completely painless. PM&R Practices/physiatrists treat back pain, sports medicine, spinal cord injuries, strokes, disabilities and brain injuries, and provide … After all, he points out, “One malicious letter or unpleasant meeting with a referral source can freeze the stream of incoming patient referrals.”. Physical Therapy Practice in Bryan, College Station. See how WebPT helps you over your biggest business hurdles. She anticipated that this would take time, but it ended up taking much longer than she expected. When it comes to selling your business to a strategic buyer, location is critical. Specialized Physical Therapy Practice- Established 25 Years! The first step to selling any business is finding out how much it is worth, and we can tell you with a no-cost, no-obligation valuation. Private Equity/Financial Sponsors. 5 Things to Know Before Buying a PT Practice. “This can prevent you from having your dreams of a turn-key clinic crushed,” he explains. Physical Therapy Practice This physical therapy practice has been established for over 23 years at this location. … Merging two business like this would increase your number and clientele tremendously. However, there are some important questions to ask when buying any type of medical practice. Physical Therapy W/ Real Estate Seller Financing. “Enlist their help as far as how to explain changes to patients,” she says. There … Clients are more likely to stay with a practice they like and have more invested in. Your physical therapy practice doesn’t have to just offer rehabilitative services. When it comes to selling your business to a strategic buyer, location is critical. Products such as protein powder, exercise balls, kettlebells, or fitness attire could really drive your sales up and increase your cash flow. As much as you want to respect the way the former owner(s) ran the clinic, Pagador maintains that making the new practice your own is key to building your brand and establishing your own loyal clientele. Tampa, FL 33602 Also 2 PT aides and 2 employees at reception. The physical therapy market has been active recently with a number of mergers and acquisitions taking place. Pagador also stresses that it’s vital to understand the clinic’s treatment style or philosophy (if there is one) before you take over. 3. The outpatient rehabilitation industry is thriving right now, and growth is being driven by several factors. Create a list of all the conditions and injuries you are likely to treat ; Create a second list of the most important items to effectively treat the conditions on your first list; … MAKE OFFER! 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