Scott Becker: Lessons From A Healthcare M&A Attorney – Ep. 008
Episode description
In this episode, Domenic and Scott Becker discuss:
- How to create a coherent plan of action
- The factors that go into a successful financial transaction
- How Scott managed multiple businesses
- How to be successful at both buying and selling
Key Takeaways:
- Scott credits his success to having lots of energy and drive, surrounding himself with magnificent people and leaders, and his understanding of the importance of being both niche centric and customer centric
- There are three parts of a transaction - getting your people all on the same page, getting in sync with those on the other side of the transaction, and all the tasks necessary to close a deal
- The most successful buyers know the business extremely well, assess risks quickly and easily, and take their knowledge combined with personal/relationship skills to complete transactions.
- The most successful sellers understand their purpose
"In the legal business and in the sort of media business, the whole ability to grow, and scale the practice for the media business was based on hiring, cultivating, developing great people. So sort of a very clear strategy and plan but nothing get done on this strategy and plan without great people." — Scott Becker
About Scott Becker:
Scott Becker is a partner in the healthcare department at McGuireWoods. He previously served on the Board of Partners of the firm and chaired the healthcare department for nearly 13 years.
Scott is the founder and publisher of Becker’s Hospital Review and Becker’s Healthcare. He represents hospitals and health systems, healthcare companies, surgery center chains, large practices and private equity funds.
Scott is a Harvard law graduate and certified public accountant.
Connect with Scott Becker:
Twitter: https://twitter.com/beckershr
Facebook: https://www.facebook.com/BeckersHospitalReview/
Website: https://www.beckershospitalreview.com/
Email: [email protected]
YouTube: https://www.youtube.com/user/hospitalreview1
LinkedIn: https://www.linkedin.com/in/scottbeckermw/
Connect with Domenic Rinaldi:
Sun Acquisitions Website: www.sunacquisitions.com
M&A Unplugged Website: www.maunplugged.com
Email: [email protected]
Linkedin:
Domenic Rinaldi: https://www.linkedin.com/in/domenicrinaldi/
Sun Acquisitions: https://www.linkedin.com/company/sun-acquisitions-llc/
Facebook:
Sun Acquisitions: https://www.facebook.com/sunacquisitions/
M&A Unplugged: https://www.facebook.com/MAUnplugged/
Twitter:
@SunAcquisitions https://twitter.com/SunAcquisitions
@M_A_Unplugged https://twitter.com/M_A_Unplugged
Instagram:
@sunacquisitions https://www.instagram.com/sunacquisitions/
@ma_unplugged_podcast https://www.instagram.com/ma_unplugged_podcast/
YouTube:
Sun Acquisitions: https://www.youtube.com/channel/UCm6H7kkMD6nnXFuHgqx9Ikg
Show notes by Podcastologist: Chelsea Taylor-Sturkie
Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.