Part Sale of you 5+ General Practice and Outsourcing Management

Annual profit share: GPs share 20% of annual net profits of their medical practices.
Share in the Sale Proceeds: GPs share 20% in the sale proceeds of their medical practices.
If you are full or part owner of 5+ GP Practice and wish to realise partial good will now with a view to realise full good will by 2011 - contact Tufiq Shah on 0413 900 190
The good will is calculated based on multiple of three times of EBIT initially followed by purchase of remainder of practice within three years on the multiple of 4.5 times of EBIT.
After partial sale GPSS will be interested in securing management agreement to your satisfaction for a fee of 3-5% of gross billings.
These are the following suburbs in Melbourne which have strong activity: Coburg, Montmorency, Greensborough, Eltham, Doncaster, Frankston, Chirnside Park and Cranbourne.
A copy of standard Management Agreement is available.
During the management agreement period GPSS will develop your practice with recruitment of more GPs through advertisements in medical media and participation at GPCE.