Selling your IVF Clinic might be the single biggest decision of your professional career. You don’t want to leave money on the table or get shorthanded in the process. With so much at stake, you really need to understand your IVF clinic value — even if you’re not in the process of selling. Here at Professional Transition Strategies, we understand that selling or merging an IVF clinic is an intricate process and we are here to guide you through it. With that, let’s take a look at how to determine your IVF clinic value.
Should I Sell My IVF Clinic?
Before we dive into discussing the value of your IVF clinic, let’s address the bigger question: should I sell my IVF clinic?
Every doctor that owns an IVF clinic should eventually plan to sell. The key to a successful and profitable sale is having a plan and selling when the clinic is at its peak. If you wait too long and your clinic is declining, it won’t be as attractive to the buyer and the sell won’t be as profitable.
Selling your IVF clinic is no walk in the park. Professional Transition Strategies is a great resource when it comes to creating a plan to sell your IVF clinic. There are several steps that come before selling and we can help you prepare for the transition.
You can read more about selling your fertility clinic here.
Why Should I Know The Value Of My IVF Clinic?
If you are considering selling your practice, need a second-opinion appraisal, bringing a partner into your business, planning for retirement, or determining your personal net worth, you should know the value of your IVF clinic.
Determining The Value Of Your Clinic:
There are several details that go into determining the value of your IVF clinic. A good place to start is to have a comprehensive Practice Appraisal conducted. Not only does this help you understand your IVF clinic value, it helps you determine ways to make your clinic more profitable. At PTS, we use the most effective method of calculating your clinic’s worth. We look at both attributes and challenges and how they have impacted the clinic.
If you are looking for a quick estimate of the value of your clinic, start with our valuation calculator. With simple information, this tool allows you to see an online estimate of the value of your clinic.
What Affects The Value Of My Clinic?
There are several factors that can affect the value of your clinic. Some factors are the clinic’s location, the growth potential, patient attraction and retention rates, reason for sale of the clinic, condition and age of medical equipment, and long-term trends of the clinic’s revenue and profit margin.
At the end of the day remember that knowledge is power. The more you know going into the sale of your practice, the better off you’ll be both personally and financially. That’s why we suggest talking with Professional Transition Strategies as soon as you think about selling your IVF clinic. The sooner you create a plan and the more knowledge you have, the smoother the transition will be. If you are ready to determine your IVF clinic value or have any other questions, please contact us — we are here to help!