If you are looking for a clinic (it may be a Physiotherapy, Podiatry, Chiropractic, GP, Osteopathy, Speech Pathology, Occupational Therapy, Psychology, or other type of clinic) to purchase right now and having trouble finding one, you are not alone. Right now, these practices are being sold left and right and you may find the right practice for you has been snapped up within a week of being listed. In a post COVID world the healthcare practices sales market is booming and we here at Healthcare Practice Sales are listing new opportunities almost every single week, but many do not last long before they are sold. So yes, there are going to be many more practices available to buy this year and there are several reasons why you should be paying attention to the market to make sure you can get the clinic you want.
Many Practice Owners Who Didn’t Sell Last Year
In 2020, many sellers decided to pause their selling plans for several different reasons, mostly because of COVID of course. From health concerns about the pandemic to financial uncertainty, plenty of clinic owners decided not to sell last year. Now that the vaccines are being distributed and there is finally a light at the end of the COVID-19 tunnel, it has brought some peace of mind to many potential sellers, who are now interested in selling their clinic.
Those Impacted Financially
Some practice owners have been drastically impacted financially by COVID-19 and a percentage of these practice owners will now be in a position where they need to sell this year. We all know how hard COVID-19 impacted business in every single industry with healthcare being no exception. Now we are on the home straight out of COVID times, so these practice owners are now interested in selling their successful practices to help recover the financial impact of 2020.
Supply & Demand
At the end of the day healthcare practice clinic demand is high and supply is often lower than the demand, so if you’re thinking of selling or are a buyer who is interested in purchasing a practice, now is a great time to contact us at Healthcare Practice Sales. There are likely many buyers who are looking for a practice just like yours, and there are several practices currently on the market and upcoming. Contact us at Healthcare Practice Sales today to see how you can benefit from the opportunities we have available.