Buying in to practices.
From: Miles Mahan (majmahan@aol.com)
Wed Jun 28 23:36:43 2000
I would be interested in hearing from some of the members of the group
on how recent Partnerships were formed. Especially with regards to how
much "roughly" of a buy in was expected.
I am in a situation where the owner of the practice I work for seems to
really want too much for a buy in. I make $180,000 and have worked in
the practice for one year. He wants to retire, but is willing to stay
on doing GYN only and wants to sell me half the practice for $350,000
which he states is half of the loan value based on collections. I have
had many people tell me he is dreaming. Please email if you have any
suggestions. Right now i wish I had not signed a no compete clause.
--
Miles E Mahan MD FACOG
DFW OB/GYN Associtates
Arlington, Texas
MajMahan@aol.com
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