Singapore Clinic Succession Planning

A well-thought-out exit

After decades of running a medical practice, many doctors in Singapore find themselves at a crossroads when planning for retirement - especially when they own their clinic premises. Beyond clinical handovers and succession planning, the property aspect often represents one of the most significant assets in a doctor’s portfolio. A well-thought-out exit or transition plan can protect both the practice’s goodwill and the real estate’s long-term value.

There are several scenarios to look at:

Scenario 1: Passing the Practice to the Next Generation

If your children are also doctors, this can be a seamless and meaningful transition. The decision then revolves around whether to transfer ownership of the clinic space or retain it as a rental asset.

Option A: Transfer ownership – what are the benefits and pitfalls of transferring the property ownership to your children?

Option B: Retain and lease to your children - what are the benefits and pitfalls of this option?

Scenario 2: Selling the Clinic and Retiring Fully (when children are not doctors)

If there are no successors, selling both the business and property can be an attractive route / or renting out the premises to the incoming doc.

In this scenario , factors to consider:

• How to value your practice?
• How to go about selling your business and what are the steps?
• What are the points to negotiate on and to make known to the buyers?

Contact me to learn more.

Death of a Co-Owner

Managing the Death of a Doctor-Co-Owner: Legal and Operational Implications for Singapore Clinics.

Coming soon

Planning Beyond Practice

Planning Beyond Practice: Using Wills, Trusts and Insurance to Secure Your Clinic’s Future.

Coming soon