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What's it Really worth?
Independent Certified Appraisals of Value of Medical Centre’s, Medical Practices, Day Surgeries or Private Hospitals are a complex specialist area of Business Valuation because they are often valued under a different appraisal/ valuation methods to other types of professional practices or specialist or businesses. Whilst many professional practice valuations are commonly conducted on a multiple of gross fees or earnings per annum, medical practices, day surgeries or private hospital “businesses” are valued differently because of the underlying combination of Government funding and rebate schemes, the transient nature and registration requirements for doctors and Government compliance requirements and the demographics and service history of the patient catchment area. With the increasing cost of compliance and overheads 'Risk' is becoming a major element of Medical Practice Valuations. Our Certified Appraisals of Value evaluate 17 seperate areas of the practice to establish the degree of risk before calculation the Capitalisation Rate and Return on Funds Invested to determine "Real Value". This is then compared to prior Sales of Like Practices/Day Surgery/Private Hospitals to determine the Market Reality of "'Price". Often 'Real Value' and 'Market Price' can be two very different numbers. All MedicalCentreForSale Consultants are Members of the Australian Institute of Business Brokers, (the peak Industry body that represents licensed agents involved in Business Transfer from one owner to another) and has access to the Institute's BIZSTATS™ database, the only national database of completed small business sales (of Private & Unlisted Public Companies) in Australia. Fully Certified written Reports to the International USPAP (Universal Standard for Professional Appraisal Practice) are Hardbound and meet the Australian Accounting Standard APES 225 and have been presented as Expert Witness REports in Family Court and Federal Magistraits Court matters. For more information please contact Paul Nielsen on 1399 66 55 83 to discuss in confidence your Valuation questions and Valuation requirements regarding a Professional GP Practice, Day Surgery or Private Hospital Valuation. |
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