By Alexander Levy
We understand that medical practices are businesses. This does not diminish the societal significance of medical professionals. Rather, it simply recognizes the fact that when negotiating a purchase or sale of a professional practice, it is the business side of the practice that we are taking into consideration. It is through this lens, that we ask you to consider the concepts in this article.
This article will analyze elements of a practice’s revenues and expenses, which are important from a legal perspective to consider. It will also highlight how a deal may be structured. Please note, the issues highlighted in this article may also be helpful for current practitioners to better organize their practice.