Practice Transition Services
This full-service program is for the doctor who is having difficulty finding a practice in a particular geographic area or a doctor who needs representation through an existing purchase opportunity.
This is our most cost effective third party objective opinion. We review your potential purchase opportunity, analyzing the 10-15 critical factors of the practice. We then provide you a written report of our findings including a purchase price range for fair market value.
We will customize a marketing plan for identifying and contacting practice owners in your target area who may have an interest in selling.
Once a practice is identified as a potential purchase, we will review the price and structure of the sale with you. We will complete a cash flow analysis and show you what the EBITDA or “True Economic Benefit” is of your opportunity.
Once a practice is determined to be a “fit” for you, we work with you to prepare an offer letter. If financing is needed, we will introduce you to multiple sources who work specifically in healthcare lending and can expedite your purchase.
After your offer is accepted, we will work with you through the due diligence process. We will analyze practice reports, cash-flow analysis, assist with a chart audit, among other procedures that will help validate that the practice is “what the owner says it is.”
We will provide you with a customized Employee Policy Manual and Personnel System, which includes written job descriptions, individual personnel files, as well as all forms, need to manage your team. You will also have access to Peak’s team of consultants for coaching during your first months of ownership.
Take the next step to purchasing a practice by browsing our dental, veterinary & medical practices for sale or by filling out our confidential buyer candidate questionnaire.
The buyer services at Peak Transitions were everything we needed. The process of purchasing a practice was much more complex than we had anticipated, and the team at Peak Transitions guided us every step of the way, and through every hurdle that presented itself; before, during and after the practice transition. We literally couldn’t have done it without them!
The Peak Transition team’s superlative knowledge in practice transition & responsiveness exceeded my excitations. They handled every step in the process with professionalism and sensitivity, and the office staff provided the same level of excellent service. It was pleasure working with all of them.
I have the ultimate respect for you and what you have accomplished and the way you did it. With integrity tenacity and the guts to do things the right way for my son and I. One of my favorite quotes is from Ben Franklin. “He who seeks only his own council has a fool for a client”. Try to argue with that one!!! My advice to all your clients present and future is to listen to your sage wisdom. One of your greatest strengths is that you listen and have the brain to store information which you bring up in varying situations. It is factual experiential information which is of immense value.
Dear Peak Transition team, I wish to thank all of you for the very professional & successful way in which you handled the sale of my practice. Glenn & Phil definitely went “above and beyond” in making what could have been a very stressful event into something that placed smiles on the faces of both the buyer and myself.
Peak Transitions helped me tremendously in the transition/sale of my practice. I interviewed several firms before selecting [Peak Practice Transitions]. I immediately was impressed by their professionalism and comprehensive knowledge of the dental business. I appreciated their persistence in helping me find the best dentist for my practice and most importantly my patients. They continually worked to make the process as painless as possible in this most complex time in my life. Thank you very much.
The Peak team treated me like family while they walked me through all the issues with the sale of my practice… their advice maximized my practices value. Thanks for all your help.
Phil, I just wanted to say a tremendous thanks to you and your team for all you have done for my dad and I. You have literally now allowed me the opportunity to live my dream and no amount of money can buy or replace that. I have enjoyed the working journey we have had over these months and have been able to learn so much thanks to you. The future definitely remains very bright and I want to thank you from a business standpoint, but most importantly from a personal standpoint. I look forward to a mutually beneficial working relationship with you and the rest of your company as well. Sincere thank you!
Last year with the help of Phil Stark and the team at Peak Practice Transitions, I was able to successfully (sell) merge my practice. With PPT’s organized approach and attention to detail, everything fell into place at the right time. I ’m now working for a great guy (the new owner), and I still get to see those wonderful patients who have been coming to me for over 30 years! I’m enjoying life more and working less.
Dental school could never have prepared me for the intricacies of purchasing a dental practice. The team at Peak Transitions tirelessly guided me through everything involved with purchasing and running a successful dental practice. From understanding value and making the right purchase offer, deciphering loan documents and the underwriter’s phone call; to reviewing charts and verifying practice data, educating me on effective hiring & management practices of a dental team, to crafting a well-worded patient letter; understanding the practice purchase agreement, and more. The assistance & support of Phil and the team at Peak Transitions was invaluable.
Whether you're looking to buy a healthcare related practice or sell your practice that you've worked hard to build our expert business transition consultants are here to help you through each step of the process, while providing a win-win solution that meet the needs of both the seller and the buyer.
LOOKING TO PURCHASE A HEALTHCARE PRACTICE?
Contact us today for a detailed analysis of our buyer support services and to learn how we can help you maximize the value you receive from your practice purchase.