{"id":11603,"date":"2025-07-03T03:03:32","date_gmt":"2025-07-03T03:03:32","guid":{"rendered":"https:\/\/strategicmedicalbrokers.com\/?post_type=case_study&#038;p=11603"},"modified":"2026-07-01T10:08:07","modified_gmt":"2026-07-01T10:08:07","slug":"success-story-associated-family-physicians-of-boca-raton","status":"publish","type":"case-study","link":"https:\/\/strategicmedicalbrokers.com\/case-study\/success-story-associated-family-physicians-of-boca-raton\/","title":{"rendered":"Success Story: Associated Family Physicians of Boca Raton"},"content":{"rendered":"<h1><span style=\"color: #0faeeb;\">Success Story: Associated Family Physicians of Boca Raton<\/span><\/h1>\n<hr \/>\n<h3><span style=\"color: #0faeeb;\">Preserving a 30-Year Legacy with a Seamless Transition and Full-Price Sale<\/span><\/h3>\n<p>When the four physician-owners of Associated Family Physicians (AFP) in Boca Raton, FL began discussing retirement, they knew their goals extended far beyond a sale price.<\/p>\n<p>With over 9,400 active patients, including 1,800+ Medicare beneficiaries, and a 30-year legacy as one of the most respected primary care groups in the region, the partners wanted:<br \/>\n&#8211; A full-value transition of their $2.96M revenue practice<br \/>\n&#8211; Above-market employment contracts for the two remaining providers<br \/>\n&#8211; A younger successor who would retain their staff and protect patient relationships<br \/>\n&#8211; A market-rate long-term lease on their 6,800 SF building\u2014not a forced sale<\/p>\n<p>They chose Strategic Medical Brokers (SMB) to guide the transition.<\/p>\n<p>\u201cWe weren\u2019t just looking to sell. We were looking to ensure the practice\u2014and the community we served\u2014would be in good hands.\u201d<br \/>\n\u2014 Lynda Altman, AFP Founding Partner<\/p>\n<h3><span style=\"color: #0faeeb;\">Timeline of Results<\/span><\/h3>\n<ul>\n<li>SMB Engagement: August 3, 2023<\/li>\n<li>Practice Listed: September 23, 2023<\/li>\n<li>Full-Price Offer Accepted: June 11, 2024<\/li>\n<li>Closed &amp; Transition Complete: January 2, 2025<\/li>\n<\/ul>\n<h3><span style=\"color: #0faeeb;\">SMB\u2019s Tailored Strategy<\/span><\/h3>\n<p>&#8211; Comprehensive Valuation &amp; Buyer Targeting: Positioned the business as a unique opportunity for a multi-provider group or strategic buyer seeking a turnkey clinical presence in South Florida.<br \/>\n&#8211; Flexible Deal Structuring: Prioritized employment contracts for two partners while structuring retirement pathways for the others.<br \/>\n&#8211; Real Estate Retention: Ensured a market-rate lease was built into the deal terms\u2014preserving ongoing income for the physician real estate entity.<br \/>\n&#8211; Buyer Vetting: Pre-qualified and screened multiple buyer profiles, ultimately selecting an investor-led group aligned with AFP\u2019s clinical values.<\/p>\n<h3><span style=\"color: #0faeeb;\">Outcome<\/span><\/h3>\n<p>&#8211; Full-price sale of the practice: $2,500,000<br \/>\n&#8211; Long-term lease agreement on the real estate<br \/>\n&#8211; Successful transition of clinical staff and patient relationships<br \/>\n&#8211; Employment agreements retained for Dr. Barruw and Dr. Phadke<br \/>\n&#8211; Retirement secured for Dr. Altman and Dr. Utamsingh within 6 months of closing<\/p>\n<p>\u201cThey understood our unique situation and protected everything we had built. Strategic Medical Brokers was the right partner at the right time.\u201d<br \/>\n\u2014 Dr. Radhika Phadke<\/p>\n<h3><span style=\"color: #0faeeb;\">For Physician Owners Considering Retirement<\/span><\/h3>\n<p>If you&#8217;re a physician nearing retirement and want to transition on your terms\u2014preserving your team, your patient care standards, and the goodwill you\u2019ve built\u2014AFP\u2019s story shows what\u2019s possible.<\/p>\n<p>\ud83d\udcde <a href=\"https:\/\/strategicmedicalbrokers.com\/free-consultation\/\">Schedule a Confidential Exit Planning Call<\/a><br \/>\n\ud83d\udce5 <a href=\"https:\/\/strategicmedicalbrokers.com\/wp-content\/uploads\/2025\/06\/3_Year_Exit_Planning_Roadmap.pdf\">3-Year Exit Planning Timeline Infographic<\/a><br \/>\n\ud83d\udd0d <a href=\"https:\/\/strategicmedicalbrokers.com\/category-listings\/\">Explore Soft Listing Options<\/a><\/p>\n","protected":false},"featured_media":11576,"template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"class_list":["post-11603","case-study","type-case-study","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO Pro 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Success Story: Associated Family Physicians of Boca Raton Preserving a 30-Year Legacy with a Seamless Transition and Full-Price Sale When the four physician-owners of Associated Family Physicians (AFP) in Boca Raton, FL began discussing retirement, they knew their goals extended far beyond a sale price. 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