By Amanda Hansen

Retirement can be an exciting time for new ventures, but it can also feel disorienting. After spending most of your career managing a thriving practice, overseeing a full staff, and taking care of patients, the prospect of retirement may leave you wondering what’s next?

Fortunately, for private practice owners, the healthcare landscape is currently awash with merger and acquisition (M&A) opportunities. Large hospital networks, along with private equity firms focused on healthcare, are searching for high-growth private practices that can expand their network capabilities. According to KPMG, 60% of healthcare investors say they expect an increase in healthcare-related M&A activity this year compared to 2022, with behavioral health and cardiology specialty practices likely to attract the most investment dollars, followed by urgent care, dermatology and imaging centers.

As more healthcare services shift from a hospital setting to outpatient environment, large healthcare systems are searching for private practices that can fill the gap in outpatient care—offering private practice owners a financially fulfilling alternative that ensures their practice continues to grow even after they’ve entered retirement.

Preparing your private practice for an M&A audit
Preparation is a vital component of any successful M&A transaction. As the owner of a private practice, you might find the prospect challenging, but it doesn't have to be. When considering an M&A opportunity, it’s important to have the right healthcare technology in place, including an all-in-one EHR, practice management, and patient engagement solution that accurately tracks your practice’s most important KPIs.

When auditing practices for a potential M&A deal, investors want to see a variety of data, from patient demographics and satisfaction levels to clinical outcomes, billing trends, and productivity analytics. By implementing a comprehensive medical software platform that offers reporting capabilities, private practice owners can quickly identify key analytics for investors, highlighting their practice’s capabilities and potential for growth.

Another crucial advantage of a comprehensive healthcare tech stack that integrates easily with other systems: interoperability. The exchange of patient data across internal and external healthcare systems and networks is critically important to healthcare investors. Having technology in place that provides seamless integration gives your practice a competitive advantage within the M&A space.

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