Any non-physicians that have bought a health care clinic?

April 19, 2024
by a searcher from Northwestern University - Kellogg School of Management in Atlanta, GA, USA
I'm a non-physician trying to buy a health care clinic in the state of FL (from a physician).
- How did you keep the insurance contracts continuous with BCBS, Aetna, Medicare, etc?
- Best as I can figure, I need to buy the company stock (shares) to keep the TIN (EIN)?
- Does it help to leave the doctor on with 5% equity?
- I have an SBA lender who might be OK with purchase, but if you have others I'll take names...
- Attorney that can help model the sales agreement? Liabilities post sale if I keep the TIN....
Thoughts? Experience? Names?
from New York University in New York, NY, USA
We had a change in ownership at the pharmacy (brought on a new partner) and Medicare specifically gave us a hard time about it, but it was resolved somewhat. We're still waiting on a chunk of receivables from Q4 last year, but we're ok going forward. You just need to accept that it's going to be a pain in the butt and take longer than you'd expect. But again I'm not a lawyer you definitely need a healthcare transaction specific lawyer in your corner that knows FL inside and out.
from Seton Hall University in Morristown, NJ 07960, USA