Suppose you’ve been considering partnering with a private equity group to accelerate your plastic surgery practice’s growth and future success. In that case, you might question whether this could be the right move for your business. While private equity offers a variety of benefits, such as access to capital, operational support, and group purchasing power, this type of partnership isn’t always suitable for every plastic surgery practice.
Here, our surgeon-led group shares a few key characteristics that could make your practice an ideal candidate for a private equity partnership.
1. You’re Looking to Expand or Scale a Successful Practice
You’ve already achieved significant success, building a reputable practice with a solid local presence. Now you’re ready to take your practice to the next level. If this sounds like you, you could be a great candidate for a private equity partnership, which can provide the financial backing and industry expertise needed to expand your practice to new locations or incorporate new medical equipment and offerings into your existing practice.
2. You Want to Maintain an Active Role in Your Practice
A common misconception about private equity partnerships is that you will lose total control of your practice. At Olympus Cosmetic Group, our network comprises industry leaders who remain active in their practices and business decisions. We value our partners’ expertise and vision and seek practices that are eager to contribute to this elite network of top-tier professionals. This collaborative approach allows you to maintain control of your practice. It will enable you to collaborate with other leaders in the field, fostering innovation and shared success across the network.
3. You Want to Reduce Your Financial Risk
Expansion is exciting, but it also comes with financial risks. Investing in new facilities, advanced equipment and high-performing staff can be costly, and this financial burden can be a growth obstacle for a solo practice. By partnering with a private equity group, you can mitigate some of these financial risks, as private equity provides the capital necessary to support growth without putting undue strain on your finances.
4. You’re Planning for the Future
Thinking about the future is a natural part of running a successful practice. Whether you’re planning for a long-term exit strategy or considering retirement, a private equity partnership can offer a pathway that aligns with your goals for the future. Unlike a complete sell-off, private equity partnerships allow you to continue running your practice while gradually transitioning over time. This approach allows you to see a return on your investment while still actively contributing to the practice you’ve built as you transition to your next chapter.
Is a Partnership with Olympus Right for Your Practice?
Here at Olympus Cosmetic Group, we have an invite-only policy to ensure our surgeon-led network includes the most successful and elite plastic surgery practices nationwide. However, if you feel that your practice could be a good fit within our network and could benefit from a private equity partnership, we welcome you to contact us to express your interest and learn more about what a partnership with us looks like.
