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One of the most common questions we get from prospective buyers in ANY season is whether this a good time to buy a chiropractic practice. Prospective chiropractic buyers pose this question in any and every marketplace during every economy because every buyer (and seller) wants to be able to “time the market” so that they can get the best deal …
Although there is debate on whether the two characters of the Chinese word for crisis mean “danger” and “opportunity,” the concept is certainly applicable in respect to how chiropractic stands within the Coronavirus situation. Obviously, the threat of Coronavirus in chiropractic brings both danger and challenges to our patients, our business and our community. But with it, we chiropractors have …
“How will Coronavirus affect buying a chiropractic practice?” is one of the big questions we are receiving from interested buyers who are considering purchasing a chiropractic practice. Naturally, chiropractors want to know how the current coronavirus crisis is going to impact a potential chiropractic purchase and sale. Fair warning – even though you are probably sick of getting emails or …
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If you are looking to buy a chiropractic business and seeking chiropractic practice financing, there are some important factors that will contribute to your success or failure to find a purchase loan. Understandably, many chiropractors have little experience or knowledge with respect to chiropractic practice financing. It certainly wasn’t a topic taught to us in chiropractic school. So most DC’s …
Investors and other buyers looking to purchase a chiropractic business often email us to ask “Can a non-chiropractor own a chiropractic practice?” The quick answer is that in approximately half of the states, it is legal for a non-chiropractor to own a chiropractic practice. And of course, that means that the other half of the states do not permit non-DC …
Chiropractic Associates can be a bit of a mystery for doctors who plan to retire, sell or slow down in the next 3-5 years. You’ve heard the rumors of how things can go wrong and for most chiropractors who would like to have their associate doctor to be part of their exit strategy, you need to seriously consider the potential …
Are you planning to sell a chiropractic practice, transition to your associate or retire from chiropractic this year? Or next? Or even in the next 2-3 years? Today we’ll discuss some of the latest facts, trends and rumors about chiropractic practice sales, transitions and exit strategies that will affect your business this year and beyond. Myths About Chiropractic Practice Sales and …
A quick glance at healthcare news will reveal that chiropractic audits in 2020 will see an increase again thanks to the fact that they are perhaps the best return on investment the federal government sees with the Office of Inspector General’s program (or perhaps any program). While this may be good news for the OIG’s coffers, it’s definitely bad news …
The “emotional” chiropractic practice sale is not an uncommon one. Chiropractors who have been in practice for decades get progressively tired of managing their business, hiring new employees, keeping up with insurance changes and sometimes even, taking care of patients. Some of these DC’s eventually get to a breaking point where they just want to throw in the towel and …
