Lay ownership of physical therapy and occupational therapy in Virginia

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by a searcher from University of Pennsylvania - The Wharton School
in Bryn Mawr, PA, USA

1h ago

Lay ownership of physical therapy and occupational therapy in Virginia

Does anybody have experience with or knowledge of PT / OT practices in Virginia? The broker on a deal we're chasing insists only licensed practitioners can own per VA state law. We believe lay ownership is permitted so long as the entity is a general corp or LLC (vs a professional one). Does ownership by licensed practitioners appear to be law because it is required by the major payers in VA (e.g. BCBS, UHC Aetna, TRICARE, etc)? Thank you!

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