As the owner of a medical staffing company, you probably understand that finding the right people for the job isn’t always easy. There can be hiccups that reveal themselves down the line that can’t be anticipated, but your expertise in the field allows you to think on your toes and fix the situation. Synergy Business Brokers can provide you with that same level of knowledge when looking for a buyer to acquire your company. We have decades of experience marketing, negotiating, and closing deals for business owners like yourself.
Synergy isn’t the right fit for everyone, but if your healthcare staffing company meets our criteria, we would love to help you. Our buyer pool is focused on those interested in businesses with annual net incomes of $250,000 or more. We only get paid once your business is sold, so we have to cater to our audience and give them the broadest reach of successful companies like yours. Our strategy for marketing starts with a free, confidential consultation with one of our senior brokers. This gives us an idea of the shape of your business and gives you an idea of what we are looking for. Synergy looks at the last three years’ tax returns, year-to-date, and any P&Ls. Once we have identified what makes your company unique, whether home care, nursing, pediatrics, etc., we can provide you with a professional valuation.
In any industry, it’s essential to try and expand if you want to grow. There will always be existing staffing companies looking to acquire other businesses as a means of growth. Sometimes they earn entities in the same sector as theirs; other times, they choose to purchase a company outside their wheelhouse. For example, your business might revolve around physician staffing, while others revolve around patient care technicians, home health aides, or nurses. Your business could be the missing piece in taking that person’s company to the next level.
As I’m sure you are aware, since covid, the demand for medical staff has been at an all-time high. This is due to a decrease in the healthcare workforce. If your company has access to resources that can fill in the gaps, it will undoubtedly spark interest in potential buyers. Finding the right buyer can be just like finding the right healthcare worker. You need to examine their credentials, see if they are suitable for the job, and negotiate their price. We always try to find multiple buyers for our clients so they can have the best chance of finding their glass slippers. However, this can take some time as, on average, it takes 6-12 months to sell a business from the time it is listed.
