Build de Novo Clinic vs Buy, Merge with Competitor with Jesse Lewis

Have you ever questioned what the secret sauce is behind skyrocketing a physical therapy practice from one location to two cash-based ones? Are you ready to dissect the pros and cons of multiple expansion strategies – from buying or merging with a local competitor to building a new clinic from scratch?  Join Dave this week as he engages in an enriching discussion with Jesse Lewis. Dr. Jesse Lewis is the founder of District Performance & Physio. He is a physical therapist and coach, who believes that movement and exercise are life. His passion is keeping active people active and healthy. Dr. Lewis’s treatments include a strategic combination of education, exercise, manual therapy, and dry needling. With advanced certifications in both physical therapy and strength and conditioning, he will develop your plan with both a rehabilitation and performance approach.  Connect with Jesse Lewis and learn more about District Performance & Physio at https://www.districtperformancephysio.com/ or via email at: [email protected] In this episode, they will touch on such topics as:Growth Strategies for Physical Therapy Practice: The pros and cons of different options for growing a business, such as buying or merging with a local competitor, or building out a de novo clinic.Starting Gym or Clinic Considerations: The benefits of starting a gym from scratch and exploring the differences between a two year and nine year lease. Recruiting, Hiring, and Compensation Strategies: The pros and cons of various payment structures and how to ensure staff feel rewarded and appreciated while still taking into account the financial sustainability of the practice.Marketing Strategies and Clinic Acquisition: The time and dollar costs associated with marketing and how to reach out to current clients when opening a new clinic. Merging and Partnering in Physical Therapy: The potential conflicts that can arise when introducing a playbook, tracking data, and managing expectations within a new practice.Merging or Acquiring a Practice: The importance of assessing a practice beyond the financials when considering to merge or acquire, looking at the culture, the reviews, and the soft skills. Expansion Strategy for Gym Locations: How to replicate the current process successfully and what his gut tells him about the best growth strategy for the business.P.S. Subscribe, rate, and review HereAnd, if you like what you hear from the host, Dave Kittle, then it's possible that he and his team, The Fieldmaker Group, may be interested in acquiring some or all of your physical therapy practice.Connect with him on:Email: [email protected]: @davekittleLinkedIn: https://www.linkedin.com/in/davekittle/orCall (646)-781-8884 Hosted on Acast. See acast.com/privacy for more information.