Buying/Selling A Private Duty Nursing Business

Buying or selling any business, not only a Private Duty Nursing Business can be confusing especially if you are doing it for the first time. You need someone who has done it before to guide you. He or she will ensure that you do not pay more if you are purchasing or making maximum profits if you are selling. At Stoneridge Partners, this is what we have specialized in. We will work with you to provide a smooth transaction process customized to your needs. We do not charge upfront fees.

So who is a Private Duty Nurse?

He or she is a medically qualified nurse who works with one client to give health care in the patient’s home or within a licensed medical facility like a nursing home, surgical recovery care unit, and hospital or rehabilitation center. Such nurses are needed to hold credentials as a licensed practical nurse or registered nurse with specialized training and experience in their field. The nurse might operate as an independent contractor accepting assignments from placement and staffing agencies, or he or she might start her own private duty nursing business.

Most individuals suffering from chronic diseases and seniors unable to take care of themselves benefit from Private Duty Nursing Business.

Owning the private nursing business comes in two ways, you start your own, or you buy. If you are buying, you might need a broker.

Types of business brokers to help buy/sell a business

If you are acquiring or selling a firm, there is a big chance you will engage a broker to assist you in the process. When looking for a broker, you will find many types out there. Some are after exploiting you, some are certified, others are good/bad, etc. If you hire Stoneridge Partners, we will ensure that your acquisition or sale is smooth while getting you the best deal.

>> Related Content: Buying/Selling a Home Health Care Business

How are most business owners “lifestyle” business owners?

A “lifestyle” business primary goal is sustaining and creating a harmonious and pleasant balance of work and life of the business owner. The company generates revenue to allow the owner to enjoy his or her current lifestyle without disrupting his or her private life. Although the business is profit-oriented, maximizing revenue is not the top priority.
Imagine being your boss; you make your own decisions without orders from anyone. You started a business based on your passion or personal interest. What you do might be your hobby or something you love doing which makes you enjoy what you do. You own a business but you area “lifestyle” business owner.

Because of this, most people may not be willing to sell their business. Who would want to sell a business where they are making profits and enjoying their life at the same time? Not many people would. It takes a lot of convincing to change the mind of such a person. However, if you want to buy a Private Duty Nursing Business, Stoneridge Partners can does all that work for you. We will convince the owner and get you a great deal.

With our Stoneridge Partners | EBITDA Calculation Worksheet (popular accounting system) we will be able to determine the business’s performance.

Stoneridge Partners EBITDA Calculation Worksheet

Conclusion

If you want to buy/sell a Private Duty Nursing Business, Stoneridge Partners will help you do so. We are a professional mergers and acquisitions (M&A) advisory company that will facilitate transactions that provide value and make sense to you. Our group of experts has the industry knowledge, relationships, and business expertise needed to give a smooth transition for all parties. We offer representation with the highest level of confidentiality and professionalism throughout the whole process. Our CEO Rich Tinsley has been in the business and healthcare industries for more than two decades and brings in-depth knowledge and experience to the table.
With us, you will be of the best deal whether you are buying or selling.

Fill the form or Call us :800-218-3944

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