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Question about buying a medical practiceFrom: GIN11153@aol.comWed Sep 14 14:22:00 2005
I saw an ad yesterday for a GP practice for sale . In as much as I have been wanting for years to open an OB office, I thought this would be a good opportunity. I could combine family practice with OB. Doc will stay on for a while to help with the transition. He wants $165,000 for a 30 year old turnkey practice. I assume it's a small practice. Since I won't be finished with my nurse practitioner or licensed midwifery credential for about 12-18 months, I'll need to hire a family NP and find a doctor to be my medical director, do deliveries, etc.One OB/GYN had agreed to be my medical director a year ago, but he's still been waiting for his MediCal provider number after 22-23 months! I don't think he'll get one, as he was buying the practice of another OB/GYN a year ago but that doctor just lost HIS number by doing the billing for the doc buying his practice. I guess I'll have to find another doc. My question for you is how do I figure out if the asking price is decent? My husband's a general surgeon but he doesn't know anyone who bought another's practice. Any advice would be greatly appreciated!! Gail Neuman RNC CPHW SNP Perinatal education Perinatal Nurse Associates Tustin, CA
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