"We have been watching the tragic attacks unfold in Ukraine and our hearts go out to the Ukrainian people and all those affected. I understand that this crisis has and continues to affect those here in the United States as well. As we have seen in the past, there is oftentimes a ripple effect that permeates throughout all markets and industries. Inevitably, we will see a market shift result from this with businesses, large and small. When we say that we are a preeminent provider of highly specialized business brokerage and consulting services - we mean it. Our team at PPT has experience navigating challenging times and we pride ourselves on guiding our clients every step of the way. Rest assured that we will focus on your purchase or sale, while you focus on the more important things during these trying times."
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
QUOTE OF THE MONTH:
"Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit."
- Conrad Hilton
EMPLOYEE SPOTLIGHT:
Meet Sara
Sara is the Strategic Engagement Manager here at Private Practice Transitions. Sara works with our brokers and clients during each stage of a transaction from onboarding to closing. She is responsible for maximizing operational excellence, managing the company’s growth and development pipeline, client engagement, marketing strategies, and inside sales.
We are thrilled to have someone like Sara on our team with such commitment and dedication to PPT's future and success.
FEATURED BLOG:
How Are Physical Therapy Transactions Structured?
In the context of a healthcare practice, many states have laws that restrict the control of a healthcare business, such as physical therapy, to a licensed practitioner. As a result, in some cases, the “common” deal structures will not be possible if the investor taking over the business does not have the required license. As such, the parties must consider other deal structures, including the management services organization model discussed below, in order to effectuate the transaction.
In this blog, we explore different options of selling your healthcare practice through asset sale, entity transfer, and a hybrid managed service model. Additionally, we will look at the benefits offered by the managed service model in handling the administrative (and often tedious) side of a healthcare business.
Established, highly successful, business and trust litigation law firm, with 50% profitability and poised for growth and is set up to become 100% virtual. While the main office is based in Oregon, the firm serves California, Idaho, and Washington and is completely turn-key and ready for new ownership. The firm’s service by revenue breakdown is 25% Closely Held Business Disputes, 25% Trust and Probate Litigation, 20% Complex Commercial Litigation, 15% Real Estate Litigation, 10% Construction Law, and 5% Other. As of February 2022, the Practice has approximately 22 active litigation matters plus 59 Gen Corp repeat clients, comprised mostly of licensed business owners, contractors, trustees, and individuals. Additionally, there are over 770 clients and referral sources in the Practice’s database that could be easily mined for referrals using the firm's client relations management software, if desired. For the past three (3) years, the Practice has averaged gross revenues of ~$597,621 (2019-2021) and in 2021, brought in gross receipts of $799,190.
Established in 2006, this Practice has offered a wide range of occupational therapy services to many pediatric clients in King County and surrounding areas. Pediatric Occupational Therapy services make up 100% of the Practice’s revenue. The Practice owes its success to its loyal followers, stellar reputation, and tremendous reputation with its referring providers. As of February 2022, the Practice has ten (10) dedicated staff members, including the Owner, serving its ~337 active clients. For the past three (3) years, the Practice has averaged impressive gross revenues of ~$1,208,389 (2019-2021). The Practice is completely ‘turn-key’ and ready for new ownership. If you are an experienced occupational therapist or an existing therapy firm looking to expand your client base, this is the Practice for you.
If you are interested in any of our March Featured Listings, email us and indicate the listing name and number in the subject line or call us at 253.509.9224.