Selecting the Right Financial Planner for Your Oncology Practice Transaction
When buying or selling an oncology practice, especially one with multiple locations, engaging a financial planner with direct healthcare transaction experience can mean the difference between leaving money on the table and maximizing your deal value. The complexity of oncology practice valuations, combined with regulatory requirements and the unique financial structures of medical practices, demands specialized expertise that general financial advisors simply cannot provide.
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Top Financial Planner Firms Specializing in Oncology
1. Provident Healthcare Partners
Headquarters: Boston, MA
Service Area: National
Website: providenthp.com
2. Fisher Investments
Headquarters: Camas, WA
Service Area: National/International
Website: fisherinvestments.com
3. Facet
Headquarters: Baltimore, MD
Service Area: National (Virtual)
Website: facet.com
4. White Coat Investor Recommended Advisors
Headquarters: Various
Service Area: National
Website: whitecoatinvestor.com
How to Select the Right Financial Planner for Your Oncology Practice Transaction
Choosing the right financial planner for your oncology practice transaction requires evaluating both their healthcare sector expertise and their specific experience with oncology consolidations. Start by requesting documented case studies of completed oncology or similar specialty practice transactions, then verify their fee structure aligns with your transaction size—success fees typically range from 1-5% of deal value for M&A specialists, while ongoing wealth management runs 1.0-1.25% of assets annually. Consider engaging both a transaction-focused M&A advisor like Provident Healthcare Partners for deal execution and a comprehensive financial planner like Fisher or Facet for pre- and post-transaction wealth management to ensure all aspects of your financial transition are properly managed.
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Frequently Asked Questions
Why is it important to engage a financial planner with healthcare transaction experience for oncology practice mergers and acquisitions?
Engaging a financial planner with healthcare transaction experience is crucial because oncology practice valuations are complex, involve regulatory requirements, and have unique financial structures. A specialized expert can help maximize the deal value and avoid leaving money on the table, which general financial advisors might miss.
What are some top financial planner firms specializing in oncology practice mergers and acquisitions?
Some top financial planner firms specializing in oncology practice mergers and acquisitions include Provident Healthcare Partners (Boston, MA), Fisher Investments (Camas, WA), Facet (Baltimore, MD, virtual services), and White Coat Investor Recommended Advisors (various locations).
What should be considered when selecting a financial planner for an oncology practice transaction?
When selecting a financial planner, you should evaluate their healthcare sector expertise, experience with oncology consolidations, documented case studies of similar transactions, and fee structures. Success fees typically range from 1-5% of the deal value, while ongoing wealth management fees are around 1.0-1.25% of assets annually. It’s advisable to engage both an M&A advisor and a comprehensive financial planner.
What is the typical fee structure for financial planners specializing in oncology practice M&A?
Success fees for M&A specialists typically range from 1-5% of the deal value. For ongoing wealth management, fees typically run between 1.0-1.25% of assets annually.
How can combining different types of financial planners benefit oncology practice transactions?
Combining an M&A advisor like Provident Healthcare Partners for deal execution with comprehensive planners like Fisher or Facet for pre- and post-transaction wealth management ensures that all aspects of the financial transition are managed effectively. This approach provides expertise in both the transaction process and ongoing financial planning.
