White Coat Investor Podcast

MtoM #57 - Orthopedic Surgeon Sells Practice Early in Career

Mar 14, 2022
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ANECDOTE

From Heavy Debt to Partner Equity

  • David started with $500,000 in student loans and reduced it to $70,000 by aggressively attacking debt post-training.
  • He joined a medium-sized orthopedic practice that later sold to private equity, benefiting him significantly.
INSIGHT

Strategic Partnerships Preserve Autonomy

  • Strategic partnerships can preserve clinical autonomy and a large portion of income for physicians.
  • Partnering with entities focused on business efficiency allows doctors to focus on practice while sharing growth.
ADVICE

Maintain Ownership and Control

  • Retain significant business ownership to maintain control and benefit from future growth.
  • Keep actively involved in the business to influence its success and long-term value.
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