I posted a blog last year on our web site regarding the impact of Covid 19 on medical practices. Practices were hit hard by the pandemic resulting in many being sold and purchased by larger companies. While Covid 19 appears to be waning, the uptick in practice mergers and acquisitions continues. These consolidations, mergers, and acquisitions are due to a number of factors. 
More and more private physicians are leaving private practice. In its 2018 benchmark survey, AMA noted that 54% of doctors were in private practice. AMA’s 2020 survey found the percentage of doctors in private practices has declined to less that 50%.
A study by the Physicians Advocacy Institute (PAI) and Avalere found that over 20,000 physician practices were acquired by hospitals and other entities between 2019 and 2021. Of the total physicians, 70% were employed by hospitals and other corporate entities Nearly 50,000 physicians left private practice for hospitals and corporate entities. In addition, while many older physicians are retiring, more younger physicians are choosing to work for a corporate entity. These trends will continue.
Whether your practice is beginning to contemplate joining a larger entity, or your company is looking to purchase a practice, Certified Asset Appraisals is ready to assist both buyer and seller alike. Our health care medical equipment inventory and appraisal services provide clients with the critical information they need to make decisions about the sale or purchase of a medical practice, partner buy-out, merger or acquisition, and loans and financing. We have worked every type of medical facility from California to New York.
Our staff has extensive knowledge of every type of medical equipment and the market levels throughout the health care industry. Our valuations can include one item or thousands. Whether it’s waiting room furniture, exam room equipment, surgical equipment and instruments, or high-end imaging equipment, we know what they’re worth. Find out more by giving us a call.
