When it comes to selling your healthcare practice or business, there’s no shortage of opinions about private equity and doctor-to-doctor sales. Each path has its advocates, and it can be difficult to separate the noise from what matters to you as an owner.
In this episode, Brian is joined by 7 Pillars Managing Partner Christy Ratcliff to break down the differences between each and how to determine which is right for you. They emphasize there’s no one-size-fits-all approach to a successful transition. Understanding how each option works, what it means for your future, and how the market is evolving is the first step toward making an informed decision.
“There is a long time in your career where both options are on the table, but there comes a point where only one option makes sense. The best thing you can do is start 5-10 years before you want to transition to understand what those options are, what your goals are, and what you need.” – Christy Ratcliff, Managing Partner of 7 Pillars
Key Takeaways for Healthcare Business Owners:
- The earlier you start thinking about your eventual transition, the more the right path will start to become clear. If you are unsure which direction you want to go, think through your goals, timeline, and educate yourself on both paths.
- Life after sale matters more than the value. Whether you’re entering retirement or a private equity partnership for five more years, who you partner with matters.
- Both sides are changing and evolving. The market needs and supports both, so figuring out what makes sense for you remains the most important.
Why This Matters for Healthcare Business Owners:
This episode of The Advisor’s Table gives healthcare practice and business owners a clear picture of the major differences between selling to private equity or doctor-to-doctor.