Healthcare Law & Professional Practices
Practice your profession … let us handle the rest
We have provided legal advice to professional practices even before the professional service corporation law was enacted by New York State in 1970. We work with healthcare practitioners not institutions (i.e. hospitals) to provide conflict-free advice on all aspects of healthcare practices.
We provide counsel in the following areas:
- Forming new practices
- Structure and implement mergers, acquisitions and the sale of professional practices
- Prepare and negotiate shareholder, partnership, license and joint venture agreements
- Succession planning
- Employment contracts
- Represent physicians in Medical Billing and Coding audits
- Establish ambulatory surgery centers and diagnostic and treatment centers
- Establish multispecialty and single specialty professional practices
We also counsel clients on the federal and state laws and regulations governing self-referral, anti-kickback, HIPAA, fee-splitting, corporate practice of medicine issues, and professional misconduct issues
Case study:
Private Equity: A new retirement option for professionals
Opportunity: Our client, a 70 year old sole practitioner dentist, wanted to retire from the practice of dentistry.
Action: We advised that he should consider selling his practice to a Private Equity firm. A Private Equity firm raises funds from investors and seeks to purchase privately owned businesses. Historically Private Equity has shied away from investing in professional practices in New York State due to its strict regulations preventing non-professionals from owning professional practices and its strict fee-splitting laws. Private Equity has now cracked the code on how to properly structure the purchase of a professional practice in NYS and private equity firms are investing heavily in this area.
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