At some point, all local or regional independent O&P practices must contemplate a succession plan as principals look toward retirement. Some of these practices may have been family-owned for generations. In a landscape where clinical practices are consolidating more and more, smaller practices have struggled to compete with the economies of scale of these larger conglomerations.
We spoke to independent practice owners about the factors influencing their own future succession planning, and whether passing their clinics on to the next generation or another independent owner is still a viable option. We also spoke to professionals who work with practitioners during the buying and selling process about the trends they’re seeing.
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