Buying a Practice

Independent Practice Consultants, Incorporated understands that purchasing a practice is major decision that has a significant impact on your life.

By acquiring an office, a health care practitioner receives the full benefits of his/her efforts including salary, pension plans, and tax savings.  Also, the new owner begins to accumulate equity in the practice.  It is an exciting and rewarding time. 

Hence, IPC works with you and your accounting, legal, and advisory counsels to ensure all information regarding the practice is provided for your review and to ensure a smooth transition as financing and contractual arrangements are coordinated.

Such a purchase is a long term commitment on your behalf that should be structured for your success!

ALREADY HAVE A PRACTICE IN MIND?  Should you locate a practice on your own, IPC still provides assistance with financing and consultation in order for your transaction to be completed.  This is done at a REDUCED FEE.  Please contact a representative to discuss your specific transaction and receive a quote for the service.

Independent Practice Consultants, Incorporated provides the following to assist:

1.  Practice Information. You must feel comfortable with the practice before you make such an important decision effecting the long term.  Tax returns, interim income statements and balance sheets, equipment lists, etc. are important for your review.  In addition, IPC will coordinate your initial conversations and meetings with the Sellers in order to maintain confidentiality.  Any additional pertinent information requested by the Buyer, or his/her legal and accounting counsel, will be provided upon request.

2.  Financing. Our special talents allow you to obtain approvals.  By working with underwriters, our firm has gained experience that serves to assist you by structuring the transaction properly. You cannot own the practice without obtaining approval for the loan.  Obtain accurate information regarding the term of the loan, current interest rates, documentation requirements, etc. 

3.  Consulting.  There are a number of areas that will effect you, as owner, long after the transaction has taken place that should be considered.  What form of entity will be established as of the closing?  Buying as a sole proprietor, Sub-S corporation, C corporation?  What are the pros and cons associated with each as it relates to the transaction and present or future tax consequences?  How should the Buyer address  HMO/PPO and other billing programs?  How does the allocation of the purchase price effect the Buyer after the sale?  IPC provides consultation in order to address these and other issues. 

4.  Contractual Arrangements.  An archive of sample Letters of Intent, Real Estate Sales Agreements, Stock Sale Agreements, Asset Sale Agreements, etc. are available for you and your legal counsels use. 

Contact a representative to discuss our service in detail and obtain current opportunities.  We will continually update you in the future as additional become available.

Control your own destiny!  Reap 100% of the benefits!  Build your future!

Thank you for considering Independent Practice Consultants, Inc.  We look forward to working with you.  The best way to start the process and receive additional information is to complete our Buyer Registration.  Be sure to refer to our Practices For Sale page for a sample of current listings.