Ed Strogen has been personally involved in the valuation or sale of more than 800 medical practices, since 1983. He is a Certified Financial Planner and holds a B.S. in Accounting and an M.B.A. in Finance from LaSalle University.
The value of a medical practice is a personal opinion, based upon the pertinent facts for each practice. The variables include the medical specialty, geographical location, building, practice revenue, net income, reason for sale, and a host of other factors. The value of a practice that must be sold within one month will be significantly less than a similar practice in which the seller plans to retire within a few years. Unlike real estate transfers, medical practice sales are not subject to public reporting. Whether you are a buyer or seller, you should consider the services of a medical practice broker, or a consultant who specializes in the appraisal of medical practices.