Understanding Private Equity in Optometric Practice Sales with Michael Pote, CEO of The Growth Cooperative

This is part two of my conversation with Michael Pote of The Growth Cooperative. In this conversation we talk about the role that private equity has played in the transition and succession planning of optometry practices over the past couple of years.

In this episode we discuss:

• What private equity is, how it works and a couple of different ways in which private equity is different than a traditional clinical buyer of your practice such as one of your associates, another optometrist in the same town, etc.
• The unique attributes private equity has when purchasing your practice and the two different type of private equity models and how those models dictate the valuation that doctor will receive
• Why most private equity valuations are higher than most offers you would receive from other optometrists, and why private equity firms are able to offer those offers
• The importance of making sure your personal financial plans are in order so the process of selling your practice will be much less intimidating and emotional.

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