Ep21: Dan King on selling a group practice without losing clinician care
Manage episode 516253716 series 3670755
Selling a group practice in mental health differs from other sectors, and in this episode, Dan King explains how selling a group practice can safeguard clinician well-being, culture, and your legacy.
Based on discussions with over 80 practice owners and his experience investing in values-driven behavioral health, Dan outlines a straightforward three-step process: get clear on your goals, find an aligned buyer, and create a post-sale role that allows you to maintain influence where it matters. Instead of a single exit, Dan discusses options like majority sales and “two bites at the apple”—structures that minimize risk now and offer potential future gains.
He explores the buyer spectrum from institutional (private equity, strategics) to independent sponsors and self-funded searchers using SBA loans, highlighting trade-offs in flexibility, process, and cultural fit.
Most importantly, Dan demonstrates how your post-sale role—whether as operator, adviser, or culture champion—can protect clinician well-being, hiring standards, and the mission you built.
Transform Your Group Practice
Actionable insights for practice owners and clinicians who want to lead, grow, or exit with purpose. This is the podcast shaping a stronger mental health system — one practice at a time.
- Subscribe and listen to more episodes: https://yourgrouppractice.com/
- Want to be a guest? Reach out: [email protected]
About the Host
Dan King is a lawyer turned private equity founder with a passion for fixing burnout in mental health. With a background in M&A, Shark Tank deals, and psychology, he now leads Fireside Strategic — investing in group practices that put people first.
- LinkedIn: linkedin.com/in/danmking
- Website: firesidestrategic.com
Chapters
1. Ep21: Dan King on selling a group practice without losing clinician care (00:00:00)
2. Introduction to Selling Your Practice (00:00:58)
3. Key Steps for Successful Transactions (00:01:48)
4. Understanding Your Transaction Goals (00:05:43)
5. Finding the Right Buyer (00:07:07)
6. Types of Investors Explained (00:12:37)
7. Designing Your Post-Close Role (00:15:04)
21 episodes