Respiratory physician Lutz Beckert considers chronic obstructive pulmonary disease management, including the prevention of COPD, the importance of smoking cessation and pulmonary rehabilitation, and the lifesaving potential of addressing treatable traits. He also discusses the logic of inhaler therapy, moving from single therapy to dual and triple therapy when indicated, as well as other aspects of management
Retirement is on the horizon: What’s my practice worth?
+Business
Retirement is on the horizon: What’s my practice worth?
Monday 30 September 2024, 04:29 PM

Location, workforce availability and potential profits all factor into the equation of what a practice is worth [Image: Anchiy on iStock]
I’m currently the sole GP owner of a practice with 6000 patients and four associate GPs working for me, and I’m considering retiring in the next five years. Can you give me an idea of what my practice is worth and what I need to do to help with the sale to other GPs and a successful transition to retirement?
– Retirement planning, Auckland
The value of a practice is not about what you earn working as a GP, but what the buyer can expect to get on top of that
We don’t value practices,
Kia ora and welcome to New Zealand Doctor Rata Aotearoa
Not a subscriber? Unlock this article by subscribing here.