Only ten years ago over two-thirds of medical practices were doctor-owned. Today, that figure is well under half, according to the Medical Group Management Association. Independent physicians in private practice see this trend every day and definitely know why this is happening. Many physicians now see selling their medical practice as the most sensible and valuable next step in maximizing the value of decades of hard work. For most physicians this means selling to hospitals or hospital systems, as they are usually “waiting in the wings” as the obvious buyer.
But physicians are often wary of giving up what they have built so easily and don’t usually relish the prospect of becoming hospital employees. Is there another option?