How to Prepare to Sell Your Growing Healthcare Business

Physician NonClinical Careers with John Jurica

In this week’s show, John brings back a popular guest. She appeared twice in the past to describe the founding and management of her MedSpa business.

Recently, Dr. Lisa Jenks was approached by several private equity firms about purchasing her MedSpa. At first, she didn’t consider a sale.

But as time went on, she thought about her future retirement, and the idea began to appeal to her. She started by talking with some of the firms to gather information and better understand her options. Later, she selected a firm to work with and began discussions in earnest.

After agreeing on a sale price, they began working out the details of the sale. Six months later, the necessary contracts were signed and Lisa passed ownership to the new owner.

During our conversation, Lisa explains:

• why she decided to sell her business,
• the factors that made the offer attractive to her,
• what she did to prepare for the sale, and
• how long she would remain as an employee and consultant for the new owner.

You will find all of the links mentioned in the episode at nonclinicalphysicians.com/prepare-to-sell/

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