How much is an incumbent GP worth, when they come as part of the deal?

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How much is an incumbent GP worth, when they come as part of the deal?

Business deal

Dear Aunt MASie

Dear Aunt MASie
Shaun Phelan 2017
Shaun Phelan is the business advisory manager, MAS

Dear Aunt MASie

We are a group practice and we’re looking to purchase the patient-base from a nearby solo practice. As part of the transaction, the current GP owner will continue to provide GP services to his patients from our rooms until he retires in a few years. We’re not sure if we will engage him as a contractor, or employ him for this period. Can you give us an idea of current market rates paid to GPs for both options.

How much for a GP? Wellington

In December 2017, we published our annual GP remuneration survey report for locums and associates, so we can give you a reasonable idea of the market