Selling your medical practice is the biggest financial decision of your life, but going into negotiations without an expert is a massive mistake.
Michael Kroin is the co-founder of Physician Growth Partners, an investment banking firm specializing in healthcare transactions. He breaks down why independent physicians need a specialized team to navigate the complex world of private equity buyouts, hospital consolidation, and payer pressure. If you are a doctor weighing the future of your independent group, this breakdown of the current market will help you decide if selling is your best strategic move.
What you will learn:
● Why relying only on your lawyer and accountant leaves money on the table during a practice sale.
● The three non-financial pillars of a successful private equity partnership: control, resources, and track record.
● How multiple bidders in a competitive process force buyers to offer better terms and higher valuations.
● Why younger doctors might benefit from selling now to avoid pouring millions into practice growth.
● The reality of the second bite and why future sales are shifting toward payers and distributors instead of larger funds.
● Why accepting your medical practice as a business arrangement is crucial to maintaining your independence.
Timestamps:
00:00 : Why Physicians Need an Investment Banker
03:01 : Evaluating Private Equity Cultural Fit and Control
06:09 : Creating Competitive Leverage to Maximize Valuation
10:00 : Navigating Healthcare Mergers and PGP’s Track Record
14:02 : Dispelling the Biggest Private Equity Myths in Medicine
20:12 : Why Younger Doctors Are Choosing to Sell Their Practices
30:52 : The Future of the Second Bite and Medical Acquisitions
35:29 : Treating Your Medical Group Like a Business Arrangement
Michael Kroin is the co-founder of Physician Growth Partners (PGP), a premier healthcare investment banking firm based in Chicago. Drawing from his family’s deep roots in medicine, Michael is a fierce advocate for independent physicians. He has successfully guided over 90 transactions, ensuring doctors find the right cultural and financial partners.
Website: physiciangrowthpartners.com
LinkedIn: https://www.linkedin.com/company/physician-growth-partners-llc/
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Disclaimer
This episode is for informational and educational purposes only and does not constitute legal, financial, or medical advice.
#Business #Investing #MedicalPractice #PrivateEquity #HealthcareBusiness #PhysicianFinance #PracticeManagement #InvestmentBanking #MichaelKroin #GroupPracticePodcast
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