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Headline

How can I retire from my singlehanded practice if no-one takes it over?

Comment

Maybe a solution would be to sell the premises on auction and before the process begins to let interested parties get in touch with your selling agent. You can't sell goodwill but an auction is an auction and you get the highest price with healthcare providers vying if the premises are worthwhile. You can put a clause in the sale agreement that you would vacate premises on a certain day or take on a purchaser as a partner if it is a GP and either continue in some capacity or leave. While it is a question for individuals to decide who they sell premises to and preferably one would want the buyer to continue providing care; at retirement one has to think about one's old age and maximise profits - so it's a dilemma a lot of us will face.

Posted date

20 Oct 2014

Posted time

1:44pm

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