Assess Whether Acquisition Makes Sense for Your Practice
Physicians Practice – February 2019
by Karen Zupko
“We said yes because the hospital offered us a ‘sweet deal.'”
The physicians had been so enamored of the financial aspects of the hospital’s ‘sweet deal’ they didn’t stop to consider the operational and cultural changes that came along with it. The result was a disaster that took more than a year to unravel.
If your private practice is solo or a small group, you’ve probably grown to appreciate the ability to more or less do what you want, how you want, and when you want. If you jump into acquisition for purely financial, or other wrong reasons, you may be in for a shock. Here are some questions for managers and physicians to ask before taking the leap.