Faces of Detroit 2019 Special Section
MEDICAL PRACTICE EXIT STRATEGIES, YUSUF HAI – CIG CAPITAL ADVISORS
1000 Town Center Dr., Ste. 2500, Southfield, MI 48075 | 248-827-1010 | cigcapitaladvisors.com
Physician-owners are enjoying a receptive buying market in 2019 for a private medical practice with a growing patient base and great reputation. Finding the right time to sell, maximizing the value of the practice before the sale, and developing a successful personal exit strategy for the physician-owner is the goal of Yusuf Hai, managing director of Business Advisory Services at Southfield-based CIG Capital Advisors.
His team assesses the value of the medical practice and explores sale options, including prospective buyers (i.e., other private practice groups, a health system, a private equity player, etc.) and physician-owner transition plan (i.e., a phased handover or seeding a new physician in the practice who can take over immediately).
Hai and the professionals at CIG Capital Advisors can help you plan for long-term success by understanding the value of your medical practice now, offering financial and operational tools to positively affect that value, and providing guidance when it’s time to change the structure of your ownership through sale or merger.