Chicago M&A Advisory Firm

Scott Becker: Lessons from a Healthcare M&A Attorney

Episode 8

August 06, 2019

Listen to the episode here:

Episode 8 of M&A Unplugged, Scott Becker: Lessons From a Healthcare M&A Attorney, is now live! If you are looking to maximize the value of your business acquisition or sale – the M&A Unplugged Podcast was designed with you in mind.

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

Please listen, review, and subscribe. And feel free to pass along to friends and colleagues!

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