Ep #312: Brannon Moncrief – Post COVID Practice Acquisition and Transition Opportunities – Here’s What You Need to Know

As we transition into 2021, it’s important to be looking at the unique opportunities this year will bring. Brannon Moncrief, owner of McLerran & Associates Practice Transitions, joins the show today to share his insight into the coming year and how to navigate post COVID practice acquisitions and transition opportunities.

Listen in as Brannon shares his experience facilitating and assisting practice transitions so you can get a better view of the role he plays and how other practices are navigating this. You learn the importance of financing in this process, what has changed when it comes to lenders and acquiring the financing you need, and how to set yourself up to reach your practice goals.

Minute Markers:

1:20 – How Brannon got started in practice transitions.
4:17 – The opportunities for practices coming up in 2021.
8:34 – What changed with lenders and what they’re planning to do in the coming year.
14:30 – What practice buying looks like for the private buyer and how COVID has affected that.
17:57 – What the market is focusing on and a key issue that some doctors are facing when wanting to sell.
24:29 – What young doctors coming out of school should aim for if they want to own a practice.

Featured on the Show:

Brannon Moncrief: Website | LinkedIn

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Power Concepts:

We have been pleasantly surprised by the amount of demand on the private buyer side of the industry. – Brannon Moncrief

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As a practice starts to cross that $1.3 – $1.5-million-dollar revenue threshold in the private buyer world—it actually starts to decrease in value because your buyer pool starts to shrink. – Brannon Moncrief