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Re: Buying in to practices. From: Paul Prior MD (pprior@earthlink.net) Thu Jun 29 19:00:50 2000 Messages sorted by: [ date ][ thread ][ subject ][ author ] Next message: Paul Prior MD: "Re: Acute Appendicitis at 36.5 weeks" Previous message: Efrain Ramirez: "Re: Acute Appendicitis at 36.5 weeks" In reply to: Miles Mahan: "Buying in to practices." Next in thread: Geffrey Klein, MD: "Re: Buying in to practices." Reply: Geffrey Klein, MD: "Re: Buying in to practices." On Wed, 28 Jun 2000 23:39:23 -0500, majmahan@aol.com (Miles Mahan) wrote: >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. Given standard collection ratios, this either is a huge practice or he is pulling a fast one. He should be able to show you the books and also remember that you will not collect all receivables - standard discounting applies. -- Paul Prior MD Get rebates on online purchases - up to 25% cash back. Ashland, KY USA Including Disney,Borders,DVDexpress,800.com,Dell, petstore Using Spamkiller iBaby, etoys, JCrew,800-flowers,PlanetRX,Avon & many more. so spam away... try: http://www.ebates.com/index.jhtml?referrer=pprior Next message: Paul Prior MD: "Re: Acute Appendicitis at 36.5 weeks" Previous message: Efrain Ramirez: "Re: Acute Appendicitis at 36.5 weeks" In reply to: Miles Mahan: "Buying in to practices." Next in thread: Geffrey Klein, MD: "Re: Buying in to practices." Reply: Geffrey Klein, MD: "Re: Buying in to practices."

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