A Physical Therapy Practice — Buying

Employee turnover can be high during a transition. Meet with the team to gauge their willingness to stay and ensure they mesh with your culture. Phase 3: Financing and Closing

Review at least three years of profit and loss statements, balance sheets, and tax returns. Ensure the practice is consistently profitable and that you can manage any existing debt. buying a physical therapy practice

Buying a physical therapy (PT) practice is an ambitious move that offers a shortcut to business ownership compared to starting from scratch. By acquiring an established clinic, you inherit an existing patient base, trained staff, and functional infrastructure. 🏗️ Phase 1: Due Diligence and Financials Employee turnover can be high during a transition

Look for areas with a high population of seniors or retirees, as they are frequent users of PT services. Ensure the practice is consistently profitable and that

Always hire a broker or attorney specializing in healthcare transactions to review the purchase agreement. They can help navigate complex state-specific licensing boards and regulations. What To Look for When Buying a Physical Therapy Practice

Securing the right funding and legal protections is the final hurdle.