by Corporate Relations and Business Strategy and Communications Staff
Selling a psychology practice can be a difficult process. The challenges include finding the right buyer, wading through legal and financial complications and handling clinical matters. Coupled with lack of knowledge about the process, some psychologists can be discouraged from selling their practice when they retire, relocate, change positions or change careers.
However, with diligence, attention to detail and willingness to compromise, you not only can reap the financial rewards of selling your practice. You also stand to gain the satisfaction of
handing off a business that took years to develop to a competent successor who can continue to provide beneficial services to the community.