View Guides on Buying and Selling a Practice

In uncertain economic times, surgeons in private practice or in a small business setting may be thinking about the next step in their careers. Is it the right time to buy a practice? Or it is time to consider selling a practice? To help guide decision making in these important practice management matters, the ACS has created two in-depth resources on Buying a Practice and Selling a Practice.

In these comprehensive guides, authors Bhagwan Satiani, MD, MBA, FACHE(R), FACS, and Jessica L. Bailey-Wheaton, Esq. describe teams, types of transactions, negotiations, and much more to give surgeons all the information they need to make the best decision for their circumstances.

The Surgeon's Guide to Selling a Practice

While the life cycle of a surgical practice may vary, many surgeons at some point will consider selling all or part of their practice. The average age of retirement in the United States is 64 years old. Other than retirement, there are several reasons for selling a practice, including the owner's wishes to grow, financial reasons, or burnout. The Surgeon's Guide to Selling a Practice module features a video and white paper that both provides tips and considerations when considering selling a practice. 

The Surgeon's Guide to Buying a Practice

Owning a private practice offers many benefits for surgeons, including clinical autonomy, adaptability to the changing landscape, closer relationships with patients, and more. If you are considering buying a practice, factors such as the practice type and culture (if buying a share in the practice), geographic location, patient population, and size specific to the surgical subspecialty are important to consider. The Surgeon's Guide to Buying a Practice module features a video and white paper that both provides tips and considerations when buying a practice. 

View other ACS Practice Management resources today.