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Episode 47

Practice Transitions: The right approach!

by Business of Aesthetics | August 26, 2021

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This podcast is primarily for,

Practitioners who want to sell their practice due to unexpected events such as COVID 19,

Young doctors who are considering buying or investing in established practices,

Mid & late-career doctors who are considering their long-term plan and transitioning out.

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Background

Cindy Collier is a CPA, Certified Exit Planning Advisor (CEPA) & a Certified Machinery and Equipment Appraiser (CMEA). She has worked several years with many plastic surgery and dermatology practices around the country in situations such as valuations to transitions, contractual issues, and litigation support.

Key highlights

  • 03:57 How to transit when unexpected events occur?
  • 07:31 The process in a reactive situation.
  • 09:22 Benefits of proactive transitions
    • EBITDA
  • 15:33 How early does someone need to plan for a proper transition?
  • 19:06 The good & the bad about private equity buying.
  • 26:21 What young doctors should know when buying established practices.
  • 31:31 How the practice transition support industry looks like.

Connect with Cindy Collier

LinkedIn www.linkedin.com/in/cindycollier/
Website www.cindycollier.com
Mobile 614 783 1671
Email cindycollier@cindycollier.com

Resources


Naren Arulrajah

Host Naren Arulrajah Naren Arulrajah is the founder and CEO of Ekwa Marketing, which brings together global experts in digital marketing to an online presence of approximately 200 practices across the globe–from start-ups to growing businesses, including those going through mergers and acquisitions. He was honored by AceTech Ontario in 2014 with their Leadership Initiative Award.

Giving back to the medical community has been a vital component in Naren’s career, and he believes deeply in fostering a philanthropic environment.

Naren is also known for his services as a speaker, consultant, author, and inspirational innovator.

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Category: Business of Aesthetics Podcast
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