Plastic surgery practices are a hot topic in private equity right now, largely due to factors such as the steady growth in cosmetic surgery popularity, the out-of-pocket payment model, and the potential for efficiency gains at scale. If you are thinking about partnering with a private equity firm, consider these benefits of such a partnership to help you decide if a private equity deal is right for your practice.
Access to Capital
One of the most notable benefits of a physician/private equity partnership is the injection of capital into your plastic surgery practice that can fund new or improved facilities and advanced medical equipment and technologies. This access to capital can not only help your private practice compete, but it can also enhance patient acquisition, experience and overall satisfaction.
Funding provided through a private equity partnership comes with the added benefit of reducing your personal debt load as a physician, allowing you to continue expanding your practice without taking on more personal debt. Private equity firms are more than willing to invest in expansion where there is opportunity for growth.
Gain Management and Operation Expertise
It is often very difficult for physicians to wear so many hats to run a business and be a surgeon at the same time. Partnering with a private equity firm takes the pressure off of doctors to manage all aspects of the business side of the house and be an expert in their field at the same time.
A private equity partnership can also help to streamline processes for a smoother patient experience and more efficient workloads among staff members.
Tap into a Large Network of Practices
When you join a firm like Prime Aesthetics Group, you are becoming part of an expansive network of physicians with practices and goals similar to yours. This allows for easy partnership and collaboration opportunities to grow your business and expertise.
For more information about how to join Prime Aesthetics Group, the nation’s most elite network of plastic surgery practitioners, please fill out our secure online contact form.