Eligible for: ACMPE: .5| CEU: .5 Intermediate | Traditional | Analysis * This session is included in the 2025 MGMA Summit education program.
Physician owners work hard to build a successful practice and create a legacy for themselves. As retirement approaches, many physicians seek to ensure their legacy endures while providing stability for the practice and its employees. While selling to a private equity firm offers a quick exit with substantial financial rewards, it may not preserve the practice or safeguard its culture or job security. An alternative, the Employee Stock Ownership Plan (ESOP), offers an opportunity to maintain the practice’s legacy, provide financial benefit to the owner(s), and foster wealth generation for employees. This session explores the opportunities, challenges, and preparation steps for implementing an ESOP as a succession strategy.
Learning Objectives:
Examine the benefits and drawbacks of an ESOP
Prepare a succession plan with an ESOP
Outline strategies to prepare your practice for a potential ESOP sale
