Option 1: Internal succession
A common solution is to transfer ownership within the existing team or to a family member. The advantage is obvious: patients and employees experience continuity, and the practice remains in familiar hands. At the same time, this model presents challenges. Not every employee wants to take on the responsibility of running their own practice, and financing can also be a stumbling block.
Option 2: Sale to an external individual
You can hand over your practice to an external successor. This solution often brings a breath of fresh air and new impetus for further development. The disadvantage is that finding a suitable person is usually time-consuming and difficult, and misunderstandings between employees and the external successor often arise. Different ideas about the future of the practice or financial hurdles can further complicate the process.
Option 3: Connection to a network
Partnerships with strong networks in the healthcare sector are becoming increasingly popular. Whether physiotherapy, occupational therapy, osteopathy, medical massage, sports physiotherapy, speech therapy, a focus on children or hybrid concepts such as fitness with physio – a merger offers stability and security. Working with a partner such as Swiss Physio Partner ensures investment in infrastructure and personnel, thereby securing the future viability of your practice. At the same time, your local identity is preserved: your name, location and focus remain the same, complemented by the strength of the community. In addition, there is a noticeable reduction in administrative work – from personnel recruitment and IT to accounting and marketing.
Option 4: Closure as a last resort
Giving up your practice is rarely a good solution. Not only does it mean job losses for your team, but also a significant gap in regional patient care. And ultimately, it would mean the loss of your valuable life's work.
Four questions to help you make the right decision
The right succession plan for you depends on your personal priorities. Ask yourself these four questions in particular:
- What role do I want to play myself after the handover?
- What financial conditions are crucial for me?
- What are my team's prospects for the future?
- How can my life's work, including my identity and added value, be preserved?
Plan ahead and seize opportunities
Practice succession is an individual process that requires time and foresight. If you start early, you will ensure that you have the opportunity to choose between different options and find a solution that suits your needs.
Would you like to discuss your options for practice succession at your leisure? Write to us – together we will find the right solution for your practice.
Let's talk about your future
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