We represent clients in all phases of their business and in all phases of practice ownership. We assist with forming companies, start-ups, transitions, adding employees and associates, and the purchase and sale of businesses including medical, dental, optometry and veterinary practices. Transition and succession planning services are available for doctors, dentists and business owners. Additional services are available to entrepreneurs for the successful start-up, purchase or sale of businesses.
We invite you to contact us for a free consultation to discuss whether our services and expertise at Physis, Inc. will help you accomplish your professional goals.
STARTING, BUYING OR SELLING A MEDICAL, DENTAL, OPTOMETRY OR VETERINARY PRACTICE
Physis, Inc. was founded by industry experts Trisha Lotzer, JD and Ross Landreth, MBA, ASA, CM&AA because of a need in the market for high quality services at affordable prices. Only Physis, Inc. has the combination of expertise that you need and the decades of experience that you can trust. Visit the helpful articles and information for doctors and dentists and business owners available on our website and contact us for more personalized information and a complementary consultation.
HOW MUCH IS THE BUSINESS THAT YOU'RE BUYING OR SELLING ACTUALLY WORTH?
That's the million dollar question, quite literally. Our services can save you from paying significantly too much or for selling for too little (or having it overvalued and listed too long) because some one used a 'rule of thumb' instead of a real valuation or appraisal. In every business transaction, the party with the most and best information has the advantage. Knowing the actual value of the business that you are buying or selling is the simple key to success or failure.
WORKING WITH A PRACTICE BROKERAGE OR TRANSITION COMPANY? WE CAN HELP.
There are pros and cons to working with practice brokers and transition companies. But neither can provide the services of lawyers, appraisers and CPAs--and you need all of that expertise in your corner to close the deal. We are able to work as a team with your other advisors and can work with or without brokers or transition companies. We have the experience to help guide you around the pitfalls and lead you through a successful transition or purchase and sale. In some cases, we are able to share fees with brokers and can work to protect your interests at little to no cost to you. In many cases, we can provide the same services as a broker or transition company, eliminating your need to hire them and pay their commissions, saving you additional fees and costs. It pays to call us first to see how we can assist you.
Never trust a broker who says that he or she can represent both parties or that you can rely on their company to do the valuation or "quarterback the deal". Their job is to represent their client and their client only--and to get the highest selling price possible. Because most brokers are paid on commission they have a built in incentive to get the highest selling price possible.
Unfortunately for sellers this can mean that the price that brokers say that they can list it for is far above the actual market price and the practice fails to sell or the deal falls apart on the negotiation table. For buyers this means that the practice may have been over valued to the point it might not cash flow to cover the loan. Either way it is important to find out what the practice is actually worth with an independent valuation and to secure independent representation to protect your interests.
DO YOU HAVE QUESTIONS ABOUT THE NEW HEALTH CARE LAWS? WE HAVE THE ANSWERS.
Have questions about HIPAA or Stark Law? Are you curious about how the Patient Protection and Affordable Care Act (aka "Obamacare") affects your business or medical practice? Contact us today to discuss the details that you and your business need to be both compliant and profitable.
For more information about laws and items of interest for business owners, doctors, dentists and other professionals follow us on Twitter@Lawyer4doctors.