Succession Planning For Surgeons – Resources For Plastic Surgeon Practice Transition
Mature Plastic Surgeons ask their colleagues and advisors about practice transition, succession planning and retirement plans. Whether you are 60, 65 or 70, planning for the future of your practice is essential.
Here are some resources that can help.
SUCCESSION OPTIONS FOR PLASTIC SURGEONS
Most Plastic Surgeons take one of these 5 options for practice transition
- Close Your Practice Down and Sell Your Practice Assets (refer your patients to a colleague)
- Find a Younger Plastic Surgeon successor to take over the practice (can take 3 to 5 years)
- Join a Bigger Group of Surgeons near your location (providing Practice Management Services)
- Pivot from a surgical practice into a non-surgical practice – Offer injectables & skin clinic services
- Sell your practice to a Corporate Buyer or larger Rollup Group -usually funded by Venture Capital or Private Equity
You could also sell your Day Surgery Centre to a Private Hospital Group if you own one.
USEFUL CONSULTING RESOURCES FOR TRANSITIONING OR SELLING YOUR PLASTICS PRACTICE
GROUPS INTERESTED IN BUYING AESTHETIC PRACTICES IN AUSTRALIA
These groups are mostly consolidating Injectables Clinics, Dermatology or Cosmetic Physician Practices
GROUPS BUYING AESTHETIC PRACTICES in USA
REFERENCES ABOUT RETIRING & PLASTIC PRACTICE SUCCESSION PLANNING
REFERENCES ON AN EXIT STRATEGY AND SELLING YOUR PRACTICE
USEFUL BOOKS ON SUCCESSION PLANNING & PRACTICE TRANSITION
If you want some more ideas about Practice Succession or Lifestyle Retirement options – please phone Dave Staughton for a chat