Selling your Dermatology Practice
Dermatology practices provide a broad range of care to patients, including medical dermatology, cosmetic dermatology, and medical spa treatments. Specialties within a dermatology practice include pediatric, surgical, and medical dermatology, amongst many other subspecialties.
Selling your Dermatology Practice can be a daunting task.
Dermatology has been one of the most actively sought healthcare specialties for consolidation by many private equity firms and other consolidators for over a decade. Many investors see the combination of medical dermatology generating consistently steady revenues along with the elective services from cosmetic dermatology as desirable for creating economies of scale within dermatology. In addition, many standalone medical spas have become attractive to investors as an industry that is not dependent on insurers (cash-only) and is one of the largest growing verticals within healthcare.
So now, you may be asking ‘how much can I sell my medical practice for?’
There are many parts to consider in selling a medical practice.
Deal Complexities
Throughout any healthcare transaction, physicians will encounter many unexpected legal, tax, accounting, real estate, and succession planning issues that are critical to ensuring a successful closing on the deal. Often times, physicians are not made aware of these complexities until it is too late in the sales process.
Intermediaries
Physicians struggle to find qualified healthcare investment banking services for smaller transactions. Because the fee structure for most investment banks makes it impractical to assist physicians on smaller deals, the alternatives are not ideal, as non-investment banking intermediaries lack the expertise or licensure to conduct these transactions. Thus, a large swath of physician cannot find qualified and cost-effective healthcare investment banking services catered to selling their medical practice or outpatient facility.
At Seigel Advisory Services, we provide dermatology practices and med spa owners access to the broadest range of strategic and financial buyers throughout the United States. Our experience in this industry allows our advisors to guide owners through the sales process to obtain top-dollar for their dermatology practices, while finding a partner with an ideal cultural fit.
Our Unique Experience
As owner-operators that have gone through this process ourselves, we have a detailed understanding of the various transactional complexities. Our background as licensed practitioners in investment banking, law, real estate, and accounting allows us to have a comprehensive approach to solving the potential obstacles to successfully closing a deal.
Physician-Centered Investment Banking
Seigel Advisory Services was established to fill a gap in the marketplace by providing quality and affordable services to physicians for smaller transactions. As a boutique healthcare investment bank, we work closely with physicians throughout the United States seeking to sell their medical practice or outpatient facility.
