Medical Practices for Sale and Acquisition in Florida

Florida's growing retiree population is driving sustained demand for geriatric, primary care, and optometry practices — specialties that serve age-related and chronic-care needs.

Due diligence confirms the financial, operational, and compliance details behind a listing — protecting buyers from surprises and giving sellers a smoother path to close.

The most active buyers right now are hospitals and health systems, physician groups backed by private equity, Federally Qualified Health Centers (FQHCs) and individual physicians who want to own a practice.

Florida has 47 federally funded health center organizations (HRSA, 2025), and about 56% of people on Medicare in the state are in Medicare Advantage or other private plans (KFF, 2024). That makes groups focused on value-based care especially interested in primary care practices with many senior patients. Florida does not bar non-physicians from owning a practice the way stricter states do, so investor-backed groups can often buy more directly.

You can see examples of practices we have sold in Florida on our listings page. We can tell you which buyer types are most active for your specialty and location.

Yes, in most cases. Florida does not have a corporate practice of medicine ban, so non-physicians and companies can own a medical practice. A practice that is not owned by licensed practitioners usually needs a Health Care Clinic license from the Agency for Health Care Administration (AHCA), and Florida's fee-splitting rules bar management fees based on a percentage of revenue. Common structures are professional service corporations, professional LLCs and regular corporations or LLCs.

What changed recently: bills to add a corporate practice ban (2023) and to ban physician non-competes (2024) did not pass, and the 2025 CHOICE Act on non-competes does not apply to health care practitioners. If a deal moves ownership away from physicians, the clinic license exemption can end, and AHCA change of ownership filings are due 60 days before the change. Rules like these change often, so have a health care attorney review the deal structure.

Most practices are valued on their adjusted yearly profit, often called EBITDA or seller's discretionary earnings, times a multiple. The multiple goes up with steady revenue, a loyal patient base, providers and staff who will stay, clean financial records and a practice that does not depend only on you. It goes down with heavy reliance on one payer, falling patient numbers or a short lease.

In Florida, Medicaid runs through the Statewide Medicaid Managed Care program, so your mix of Medicaid, Medicare and commercial patients and the plans you contract with weigh heavily in the price. The state has 320 primary care shortage areas, and practices that serve these communities often draw strong buyer interest because patients have few other options.

A confidential valuation is the best way to see where your practice stands.

All three can work, and the right choice depends on your goals and the buyer. Selling the building with the practice gives you one clean exit and more cash at closing, but some buyers cannot finance both. Leasing it to the buyer gives you steady income and often makes the practice easier to sell, as long as the rent and terms are at market rate and the lease is long enough for the buyer's lender. Keeping the building and leasing it to someone else is also an option if you want to hold it as an investment.

Florida has no state personal income tax, so a building sale is not hit by a state income tax, though federal capital gains tax still applies. We help you compare the options with your CPA before the practice goes to market.

Usually yes, and Florida courts generally enforce them. For the sale of a practice, a non-compete of 3 years or less is presumed reasonable and one over 7 years is presumed unreasonable (Florida Statutes 542.335).

One special rule: a physician non-compete is void if a single entity employs all physicians of that specialty in a county. Your attorney should review the time and area before you sign.

Florida physicians must keep records at least 5 years after the last patient contact.

When you close, sell or move a practice, you must publish a notice once a week for 4 weeks in a main newspaper in each county where you practice, give an address where patients can get their records, and send a copy of the notice to the Board of Medicine within a month. In a sale, the buyer usually becomes the custodian of the records, and we make sure this is written into the purchase agreement.