Internal or Family Succession
Eventually all practice owners face the same challenge; their transition into retirement. One of the most common succession strategies is to conduct an internal or family succession plan. If this course of action is something you have the option to explore, LBA Haynes Strand can provide a formal evaluation on this possibility.
We take into account all factors of your business beginning with an extensive review of all of the necessary financial components you will need to conduct an internal succession. Then, we develop a written plan based on your operations to give you the best possible outcome.
Sell Your Practice
If selling your practice is the best outcome for your situation, LBA Haynes Strand is prepared to assist you throughout the entire process. To prepare for a successful transition, we look at more than just your bottom line. The overall health of your practice needs to be addressed prior to finding a suitable buyer.
Some of the key areas we look at include:
- Patient Satisfaction
- Physical Assets
- Operating Procedures
- Lease and Other Contractual Obligations
- Staff Evaluations
Taking a Practice to Market
We can help you sell your practice. Our team will prepare the financial package to sell to present to potential buyers.