Exiting General Practice

Due to the vocational nature of General Practice, it can be difficult to recognise your practice as a business. In many cases, GPs approaching retirement feel there is no obvious succession option for their practice and have no other option but to shut the door behind them.

GP Match work with GPs planning on winding down or retiring and help implement a structured exit strategy. We can ascertain the value of your practice, in more than just monetary terms. We can demonstrate this value and present the ‘business’ opportunity to potential GPs interested in joining or taking over a practice.

Despite so many Irish trained GPs going abroad and an interest in becoming salaried GPs, our experience tells us that there is a growing appetite among establishing GPs to follow the traditional independent contractor model. However, a lack of business knowledge and understanding very often dissuades them. From our experience, the medical opportunities speak for themselves, it’s recognising the business opportunity where many GPs struggle.

We work with both parties identifying and demonstrating the business opportunities. We aim to connect compatible GPs with common goals and realistic expectations. We look for workable solutions with a view to implementing a structure that is attractive and tax-efficient to both parties providing a structured exit strategy and promising career path simultaneously.

As GP Match is an affiliate of the Business Medical network, we can offer advice at every step of this process, whether it is taxation, legal, financial, accountancy or general business management advice. This unified approach ensures all boxes are ticked, eliminates the cross-over or doubling up of work, is more comprehensive and efficient.

HOW IT WORKS

You complete the online initial questionnaire below, or phone us directly.  A member of the GP Match team will then contact you to discuss your situation and to gather further information about you, your plans and your practice.

We will then agree the next step, where applicable. Whether it is to research suitable GPs interested in such an opportunity, or perhaps to perform a practice analysis and provide advice on how to best position your practice as a viable business opportunity for potential GPs.