Dr. John Udouj first considered selling his practice back in 2018 and met with CBI Intermediary Casey Grimes to evaluate the business. Utilizing the experience of selling practices for CBI, Casey was able to help Dr. Udouj look at the practice from the perspective of a potential buyer and Dr. Udouj learned he had some work to do in preparing for the eventual sale. He did the work and the sale took place in August 2021 when Dr. Udouj transferred ownership of the well-known practice to Dr. Paul Riddle.
Dr. Riddle is a Fort Smith native who had most recently been practicing in the Kansas City area and is excited to return home and continue the excellent practice established by Dr. Udouj.
CBI Northwest Arkansas Senior Intermediary John Green assisted Dr. Udouj and Dr. Riddle and the deal was closed last week.
The sale took place in spite of the Covid disruption that forced temporary closure of the practice during part of 2020.
“That slowed the sale down,” said Mr. Green, “but the strength of the practice reasserted itself under the guidance of Dr. Udouj and Mrs. Udouj and their team of professionals.”
Green continued, “I wish Dr. Udouj and his incredible wife, Debbie the best in their pursuit of adventures and Dr. Riddle continued success as he and the existing staff continue upon the legacy that Dr. Udouj has established.,” said John Green Northwest Arkansas Senior Intermediary.
To learn more about Dr. Udouj and about new owner Dr. Riddle, visit www.drjohnudouj.com or call (479-648-9988) for more information.
CBI served as advisor to Dr. Udouj in this transaction. During the process, CBI identified many other prospective practice buyers. If you have been thinking about selling your practice, CBI has a buyer database with thousands of prospects. Contact CBI today at confidential@cbiteam.com or call 877-582-5200.
