Services

Professional Practice Valuations

Professional practices may need to be valuated for a number of reasons including but not limited to; a potential sale of a professional practice, bringing in an associate or partner, obtaining financing for an expansion or modernization of their practice, creating a personal financial statement, estate planning or personal reasons such as planning for retirement or even for a divorce.

Appraisals that define as accurately as possible the true value of a professional practice as an on going concern among practice brokers throughout the country. Both Brian and Sean Hudson are active members of the Practice Valuation Study Group, the leading professional organization that meets regularly to examine, define, and refine appraisal procedures, which are then used by practice brokers throughout the United States. Sean Hudson is also an active member of the Institute of Business Appraisers and is currently pursuing his CBA, Certified Business Appraiser, designation.

At Hudson Transition Partners we considers many factors beyond a practice’s reported gross and net income. We also look at the quality of the patient base, competitiveness of the practice’s fee schedule, any and all personal benefits which the practice provides to the dentist, market data collected in the area that the practice is listed as well as many other aspects which are to involved to list here. We offer a fair and accurate appraised value of your practice to be used for any of the reasons mentioned above.

Brokerage

We assist professionals in the sale of their practices by working closely with the seller to evaluate their practice and arrive a fair market value. We then seek out qualified buyers by searching our own records and by advertising in professional journals, newsletters, bulletins and on our website.

After we have identified qualified buyers for the practice, we require them to sign a confidentiality agreement, which we keep on file in our office, no buyer visits any practice unless this agreement has been signed and our team has interviewed the buyer. We work around the sellers schedule to show practices to qualified buyers as to not interrupt his or her business and to make certain the sale is held in the strictest confidence.

Once we have a signed purchase offer from a qualified buyer which has been accepted by the seller we then work closely with both the seller’s and buyer’s attorneys, accountants and financing sources to provide a smooth transition of the professional practice which benefits all parties involved.

Sean Hudson is a member of the American Business Brokers Association and is currently persuing his ABI, Accredited Business Intermediary, designation.  Sean is also a licensed Real Estate Salesperson.

Buyer Representation

In addition to representing the seller of a professional practice we also offer buyer representation. We offer pre and post-sale consulting services to new buyers by working with the doctor for a period of time before and after closing to insure a successful practice transition. Whetehr it be for a practice purchase or start-up we work with buyers and help them obtain a financing package that suits their personal needs.  We can also provide a detailed demogaphic analysis for the area a doctor wishes to purchase or start-up.

Transitions

Often times a doctor is not ready to retire right away but would like to have a plan in place. We will work with you to find the right person to take over your practice and structure a transition to work with your time frame and exit strategy.

Consulting

In addition to professional practice appraisals and brokerage, Hudson Transition Partners also offers consulting services. We have a large network of professional resources on hand to give you all of the information you need to run a successful professional practice. We offer assistance in partnership structuring, associate placement, practice mergers and implementing improvements that will add to the value of your professional practice. Hudson Transition Partners also has extensive knowledge of practice management techniques and office improvement. We are happy to share this expertise with the doctor who wants to improve his or her practice.