Thirty years without a name on the door
Steve Halbern bought his first health practice in British Columbia more than thirty years ago. He did not put his name on the door, and he has not done it since.
That was never modesty or an oversight. It was the entire idea. A practice is worth what it is worth because of the person who built it, the team who stayed through three recessions, and the families who have been coming in since the children were small. Change the sign out front and you have spent good money destroying the thing you just bought.
So there was no website, no brand, and no logo on anyone's reception desk. Eighteen practices over three decades — dental, physiotherapy, and endoscopy, all of them in British Columbia — which works out to roughly one every twenty months. Every one of them kept the name it had on the day Halbern first sat down with its owner.
John Halbern joined the business five years ago. What he found was a way of working his father had never written down anywhere, largely because he had never needed to explain it to anyone who was not already sitting across the table from him.
The website is the only thing that has changed. Being impossible to find is a poor way to meet people who are starting to think about what happens to their practice next. Until now, owners reached Halbern by word of mouth — through an accountant, a lawyer, or another owner who had sold years earlier. That works. It is also slow, and it means the only people who ever get in touch are the ones who happen to know someone who knows Halbern.
Thirty years has taught the family something fairly simple. Most owners are not looking for an exit. They are looking to stop being the person who reconciles the books on a Sunday, chases the insurer for the fourth time, and interviews receptionists between patients. Some have twenty years of practice ahead of them and want the business off their desk. Others are working out what happens when they stop, and finding their options narrower than they expected — associates who cannot raise the financing, children with careers of their own. Practices that never find an answer tend to close, and when that happens, thirty years of trust in a neighbourhood disappears in about six weeks.
Halbern is the version where that does not happen. The administrative weight moves. The name, the team, the location, and the way the place feels when you walk in stay exactly where they are.
The firm is taking on more practices than it used to. It is not buying in volume. A practice that comes to Halbern this year gets the same attention as one that came in 2011, and if that ever stops being true the answer will be fewer practices rather than less attention.
It is a family business and it intends to remain one. That is not sentiment. It is the reason Halbern can say a practice will still be called what it is called in fifteen years and mean it — there is nobody above the family requiring otherwise.
If you have built something you care about and you are starting to wonder what happens to it next, or you simply want to stop doing the paperwork, that is the conversation to have.
Steve Halbern · founder
John Halbern · partner
Vancouver, British Columbia
Come and have the conversation.
Confidential, no obligation, and no follow-up unless you ask for one.