Top challenges of balancing needed growth and desired autonomy
Opportunities are accelerating for surgical specialists and specialty practices to access private practice alternatives and move away from large hospital systems and academia. A sea change in the delivery of specialized care is opening up new opportunities and revenue streams for practitioners who can also reclaim their much-desired autonomy and lead more physician-driven and physician-centric businesses. In turn, this move toward independence in specialty care is driving a wave of mergers, acquisitions and consolidations in specialty care practices as the need for size and scale leads practitioners to seek the capital and resources necessary for growth.
With the opportunity of acquisitive growth comes risks for doctors who fiercely value and guard their independence and control over their practices. For investors and advisers, recognizing and addressing these nonpecuniary concerns when discussing possible deals is critical to successful transactions.