What We Do

Practice Listings – In-Practice Sales Facilitation – Negotiations – Merger Facilitation
 

What We Do for Sellers

“From the very beginning of the practice analysis to the closing, Simmons was always available to guide me through the sale of my practice. They targeted many potential buyers, contacting them by mail, e-mail, and phone, and through journal ads and flyers. I was kept informed at all times of who had been contacted and what information had been released. The process was as user friendly as any such major financial transaction could possibly be.”
~ Sandra C. Kudrak, DVM, Diplomate ABVP

When selling your practice, you want the expertise of the nation’s largest and most experienced brokerage firm. With our regional expertise and national reach, Simmons can handle your practice sale from start to finish. We can also provide expertise for a specific part of the transaction.

Simmons is here to help with the big picture as well as the details, such as negotiations, sample documents, and finding financing.

We can provide guidance and support in any situation, whether you need full representation, transaction facilitation, or just a practice valuation.

Full listing and representation with Simmons

When you list your practice with us, we will represent you and your best interests. We will weed out “window shoppers,” dealing with only serious buyers and their advisors. This frees you up to continue practicing medicine without business interruption. Listing services include:

  • A practice valuation (fair market analysis)
  • All costs related to marketing the practice locally, regionally, and nationally
  • Access to Simmons’ national database of buyers
  • Negotiations between you and the buyer and/or their advisors
  • Assisting the buyer in obtaining financing from a Simmons preferred lender
  • Sample contracts for attorney review and modification
  • Aid in structuring the transaction (allocations, terms, non-competes, etc.)
  • Working with the closing agent to keep everything moving forward
  • Expert advice from listing to closing

Facilitation when you’re selling to an associate veterinarian or other known buyer

As a facilitator, we assist both you and your colleague through the steps of the practice sale, with both sharing the cost. We handle all of the details through closing. Having an outside expert facilitate your sale can help ease the transition with employees and vendors, resolve concerns that may arise during negotiations, and ensure a collegial relationship between the buyer and seller after the sale. Facilitation service includes:

  • A practice valuation (fair market analysis), unless the price is already set
  • Negotiating all details between the seller and buyer
  • Sample contract for attorney review and modification
  • Assistance in obtaining financing for the buyer
  • Aid in structuring the transaction (allocations, terms, non-competes, etc.)
  • Attorney, accountant, insurance agent, and lender referrals
  • Expert advice from negotiations to closing
  • Working with the closing agent to keep everything moving forward

Written practice valuation

A written valuation is a formal document that describes how we arrived at your practice’s value. The report details each part of our analysis. Our clients often comment on how detailed, clear, and precise our valuations are.

Even if you represent yourself, this is a vital instrument that you can provide to the buyer and his/her advisors to support your asking price.

You will complete a practice information form and provide financial statements. Your Simmons advisor will also consult with you to gather and confirm accurate details. A written practice valuation takes about 4 to 5 weeks once your complete practice information is submitted.

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