The business valuation of healthcare professional practices is a widely discussed and contentiously debated topic among business appraisers, healthcare business consultants, accountants, brokers, lenders, buyers, sellers, and various other involved parties. This is attributable to a combination of competing interests and general confusion when it comes to valuation and asking price determination.
Running a successful optometry practice, like heathcare medical practice, is a challenge. Not only are you faced with a myriad of patients and diagnoses, but you are also faced with a constantly changing landscape of ophthalmic equipment, instrumentation and technology. If you invested in every piece of new ophthalmic equipment on the market you would doubtless run your practice into bankruptcy so how do you choose what to implement and what to wait on? How do you grow your practice thoughtfully and purposefully? How do you learn which kind of ophthalmic technology will work best for you?
Earlier this year the SBA put a 250k cap on the amount that could be financed for intangible assets in an acquisition loan. Looks like they're raising the cap to 500k (with a review process for amounts in excess of this). The cap increase will definitely help to get more deals done. The primary value of most healthcare professional practices is in goodwill intangible assets.
If you are a full-time student looking to study to be a doctor of science in pharmacy; or a doctor of dentistry, podiatric medicine, optometry, or veterinary medicine, you may be eligible for the need-based Health Professions Student Loan (HPSL), designed to provide financial assistance in the form of long-term loans. HPSL is a federal loan program administered by the University as the lender.