Independent Medical Practice Valuations
Find Out What your Medical Practice is Really Worth
Protect Yourself From Overpaying
Get What your Practice is Worth
Get Peace of Mind About Your Deal
Most Doctors Have No Idea What a Practice Is worth
If you’re buying, selling, or facing any type of dispute, you shouldn’t go into those situations without knowing the practice’s true value.
The Importance of Medical Practice Valuation
Accurate valuation of your medical practice is crucial for several reasons:
- Selling Your Practice: If you’re planning to sell your practice, an accurate valuation helps you understand its true market value, ensuring you receive a fair and competitive price.
- Acquiring a Practice: When purchasing a medical practice, knowing its precise value is vital for making a sound investment decision.
- Mergers and Acquisitions: In mergers and acquisitions, accurate valuations ensure equitable transactions and successful integrations.
- Estate Planning and Divorce Settlements: Knowing the value of your practice is critical in creating fair and effective arrangements for estate planning and divorce settlements.
- Securing Financing or Investment: A detailed valuation can support your case when seeking financing or investment, helping you secure the necessary funds.
Our Valuation Process
At Nechay Appraisals, our valuation process is thorough and meticulous, ensuring every aspect of your medical practice is considered. Here’s a detailed breakdown of our process:
Initial Consultation
Our valuation process begins with an initial consultation to understand your specific needs and goals. During this phase, we gather essential information about your practice, including: practice history, financial trends, operational details, market position.
This consultation allows us to tailor our approach to your unique situation.
Data Collection And Analysis
We collect comprehensive data to perform an in-depth analysis. This includes:
Financial Statements: Review income statements, balance sheets, and cash flow statements to understand the financial health of your practice.
Operational Data: Analyzing operational data allows us to assess practice productivity and growth potential.
Market Conditions: Evaluating the local market conditions and industry trends impacting your practice.
Practice Assets: Assessing the value of tangible and intangible assets, including equipment, inventory, and goodwill.
Detailed Valuation Report
After collecting and analyzing the data, we compile a detailed valuation report. This report includes:
Executive Summary: An overview of the valuation, highlighting key findings and conclusions.
Financial Analysis: A comprehensive analysis of your income statements and balance sheets.
Market Analysis: Insights into market conditions, competition, and growth prospects.
valuation Methodologies: Explanation of the valuation methodologies used, such as the income approach, market approach, and asset-based approach.
Conclusion: We carefully weigh the values indicated by the various valuation methods and present our final valuation estimate.
Valuation Methodologies
At Nechay Appraisals, we employ various methodologies to ensure a comprehensive and accurate valuation of your medical practice:
Income Approach
This approach focuses on the practice’s ability to generate future income. We analyze historical financial performance, and project future earnings, and discount them to present value using an appropriate discount rate. This method is particularly useful for practices with predictable income streams.
Market Approach
The market approach involves comparing your practice to similar practices that have been sold recently. We analyze transaction data, consider market trends, and adjust for differences between practices to arrive at a fair market value. This approach provides a market-based perspective, reflecting current demand and pricing.
Asset-Based Approach
The asset-based approach values your practice based on the value of its assets minus liabilities. This method considers both tangible assets, such as equipment and inventory, and intangible assets, such as goodwill and patient relationships. It is particularly useful for practices with significant tangible assets.
Professional Certifications
These certifications demonstrate our commitment to maintaining the highest standards in business valuation and healthcare consulting.
Move Forward In Confidence
At Nechay Appraisals, We’ve Completed Over 300 Appraisals in 33 States. You’re just a few clicks away from knowing the value of your practice.
33+
States We’ve Worked In
300+
Completed Appraisals
Get the Best Deal Possible
If you’re buying a new practice or selling the one you’ve built your whole career, or you might be getting new financing or needing buyout an old partner, you’re going to need an Independent Appraisal of the business.
What our Past Clients Say
See how we’ve helped others achieve their goals.
Provided Fairness and Thoroughness
“I was unable to get a comprehensive valuation approach that satisfied my prospective buyer. I have struggled for over two years to sell my practice because the buyer was dissatisfied with the prior valuation’s lack of correlation with my unique business. The thorough and comprehensive valuation provided by Alexey Nechay has provided information that satisfies both parties regarding its fairness and thoroughness.”
Mark Boerner, M.D.
Oculofacial Plastic & Reconstructive Surgery
We Now Have a Solid Path Forward
“In planning for retirement from a solo private practice of over 30 years, it became necessary to have a formal practice valuation in order to proceed with a sale of the business. With a comprehensive, professional practice valuation we now have a solid path forward in our negotiations to sell the business.
Gustavo A Dascanio, M.D.
Internal Medicine
Address
Nechay Appraisals
120 Newport Center Dr., Newport Beach, CA 92660