Doctors’ surgeries ‐ the business implications affecting valuation

In the National Health Service, 90 per cent of patient contact takes place in primary care, i.e. in the general practitioner’s (GP) surgery. As the future of the NHS is to be based more and more on a primary‐care‐led system, the GP’s surgery is to play an increasingly important role and is likely to expand in size, making it even more essential for valuers to have a proper knowledge of both the business side of primary care and the requirements and design features of a surgery. Examines the business side of primary care and the bearing it has on the valuation of surgeries. Presents a valuation approach as a guide to valuing surgeries, taking into account such factors as the physical aspects of the surgery and the financial viability of the practice.