Fair Price when buying a medical practice?

I know there are many details which are required and I plan to hire a Lawyer and use my CPA for lots of the work, but I have heard there may be some ways to get a rough idea as to a good listing price of the practice. I need to weed out some practices and focus on just the best values ---- is there a way to use gross or net income of a practice over the past few years and multiply or divide by a number to find if the practice's asking price is work negotiating or best to avoid fully? Any advice that can be offered would be a huge help, thanks!
In Buying Property - Asked by Brian K. - Mar 4, 2013
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Answer(s)

Mark H.
Broker/Agent
Concord, NC

I dont think your question is about Real estate - Is it?

Mar 6, 2013
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Annette M.
Broker/Agent
Mechanicsburg, PA

Why are you looking to buy a medical practice? Are you a physician? If you're not a physician, are you a practice manager? One doesn't decide to buy a medical practice like one may decide to buy an investment property. There are many more (human) factors in this type of purchase.

Mar 20, 2013
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