Dentists, physicians, veterinarians and other healthcare professionals across the country are receiving unsolicited interest from private equity-backed organizations. These offers often feature attractive valuations, operational support, and the promise of future growth. Yet the long-term implications extend far beyond the headline purchase price.

Morgan Advisory Group advises healthcare professionals on evaluating and negotiating these opportunities with clarity and precision. Below are the core factors that should shape your decision.

Understanding Private Equity Interest

Private equity firms target practices with strong financials, growth potential, and durable patient relationships. Their goals typically include operational consolidation, cost efficiencies, and enhanced profitability.

For owners, a sale may offer:

• Immediate liquidity
• Access to capital for expansion
• Professionalized management and operational systems

However, most transactions require giving up a degree of control over strategic and operational decisions.

Key Considerations Before Selling

1. Clarify Your Long-Term Goals

Begin with your personal and professional timeline. Are you planning a full exit, partial transition, or continued clinical leadership for several years? Your objectives should determine whether a private equity partnership is appropriate, and on what terms.

2. Understand the Deal Structure

Headline valuation alone does not determine the true economic outcome. Earnouts, equity rollovers, incentive structures, compensation changes, and restrictive covenants all influence risk and long-term value. A transaction can appear attractive upfront but shift meaningfully once these terms are analyzed.

3. Assess Cultural and Operational Impact

A practice’s identity is often built around its owner. Post-sale changes in staffing, scheduling, vendor relationships, or clinical priorities may alter the patient and employee experience. Owners should evaluate how much change they are willing to accept.

4. Evaluate Legal and Compliance Exposure

Healthcare transactions carry strict regulatory requirements. Improper structuring can create liability for fraud and abuse, licensing, and privacy violations, even after closing. Thorough legal due diligence is essential to protect both the practice and the seller.

The Value of Strategic Guidance

Morgan Advisory Group represents sophisticated healthcare professionals and investors in complex practice transitions. The firm provides legal, financial, and strategic support to:

• Evaluate private equity opportunities against long-term goals
• Analyze and negotiate deal structures
• Ensure regulatory compliance
• Preserve culture, continuity, and patient care
• Position owners for success through a sale or continued independence

Justin Morgan and Morgan Advisory Group bring deep experience across healthcare M&A, MSO structuring, and practice transitions, offering a comprehensive perspective on both risk and opportunity.

Should You Sell or Stay?

There is no universal answer. Private equity can provide significant benefits, but it must align with your financial objectives, career plans, and expectations for the future of your practice.

Schedule a consultation to review your options and develop a strategy tailored to your goals.