Planning for Retirement from Your Independently Owned Physical Therapy Practice
Thinking about retiring from your physical therapy practice or making a change to the way it runs?
There are many options to consider – partnerships, mergers or selling altogether.
“At Motion Therapy Partners, we believe that one size does not fit all. That is why we offer custom solutions for your journey,” said Motion Therapy Partners president, Allen Bible, DPT, FACHE. “You have put the time and effort into building a successful practice, so making the right decision for its future and yours is essential. We know that many providers have interest in a phased retirement approach, wanting to simply reduce their hours and hand off the management responsibilities.”
Motion Therapy Partners welcomes owners to stay on as clinicians and partners, leaving the logistics and risk to the Motion Therapy Partners staff. Partnering with Motion Therapy Partners means reducing the time and effort spent on administrative tasks, allowing previous owners to focus on the aspects of the practice they are most interested in, such as patient care or regional expansion.
“We can also work with practice owners to plan a retirement timeline when the time is right. If you are looking to begin your retirement now and are ready to hand over the reins, we will fully acquire your physical therapy practice and help you reap the benefits of all the hard work and personal investment you have put into your business over the years,” Bible said.
The Motion Therapy Partners team listens to the vision providers have for their individual practice or group of practices, and then works with them to achieve it.
“This is what makes your experience unique if you choose to work with Noon,” Bible said. “Being an independent company backed by a self-funded investment and operations group opens the door for flexibility and customization for every scenario. We have the resources and know-how to move each mission forward.”
One concern many face when they consider turning their practice over is that they will lose the brand they have built over the years. “We think there is power in keeping the trusted name and brand of these independent physical therapy practices,” Bible said. “We can help owners reach their professional goals, while the brand their community has come to depend on remains the same.”
There could also be potential opportunities for a brand and practice to grow. “If we identify that there is a need in a region, we can discuss expansion options that can help to better meet patient needs and put the practice in a position for future success,” Bible said.
Knowing that the practice will be in good hands is key. At Motion Therapy Partners, the team of healthcare, finance and real estate leaders bring a collective century of expertise to the table. Motion Therapy Partners offers management support, expansion opportunities, and improved marketing of the practice for future success.
“We know that your patients are a priority in this process as well, so by utilizing our resources and your unique insights about the practice, our goal is to ensure they receive seamless and exceptional care throughout the transition,” Bible said.
Whatever your vision is for the future of your physical therapy practice, we want to help you plan for and achieve those goals. Contact us today to discuss a plan that is right for you!
