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Anyone bought into an established practice and become majority shareholder?


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Looking to buy into a practice (one that I am familiar with) and the majority share holder doc is looking to retire. I would be buying his shares and assuming his role of managing partner.

 

$ seem to work as long as he does not ask too much for practice

I have worked with the remaining doc owner in the past and I have no issues

this is not his primary practice, jsut one he owns a part of and I believe he would willing continue his ownership as long as profit share checks continue to come in

Has another MD also contracted to use his pin and provide supervision - but would only be myself seeing patients

 

obviously too many little details to get ironed out - and am hiring both attorney and a practice valuation firm to help

 

but my question here is rather anyone has gone through this and can yo provide a bit of knowledge from experience.

 

As this is not the primary practice of either doc they have been runing it like a business and I think I could continue to do the same thing....

 

just looking for experienced thoughts....

 

 

 

 

 

 

one other question - any idea what practices are going for based on % of gross?

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