Tuesday, November 16, 2010

Completed Optometry Office Startup Financing

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We just completed a new optometry startup financing project in Houston Texas. The practice will provide the full scope of vision care services including: comprehensive eye exams, contact, contact lens fitting, treatment of ocular diseases and trauma, pediatric vision exams, LASIK laser eye surgery consultations, sports vision & eye nutrition, and latisse. Updated pictures from the launch of the new optometry office are posted on our website.

Practice Valuation for Associate Doctor Buy-in

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There are many considerations in an associate buy-in/buy-out arrangement. Practice valuation is one of these important aspects to consider in deal negotiation. Appraisal can also impact the mechanics of a structured buy-in occurring over many years. In these types of arrangements, the buying doctor often purchases multiple minority interests from the selling doctor on a piecemeal basis over a set time line. This makes the proper calculation of discounts and premiums of utmost importance. Check out the article about appraisal for buy-in on MomMD, a website geared towards the female physician.

Thursday, November 11, 2010

Completed Sale: Medical Dermatology Practice In Maryland

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We just completed the sale of a dermatology practice in Prince George’s County, Maryland. This is a medical dermatology practice collecting $500,000 on 3 days per week of MD coverage. The practice is well regarded and has been in the same area for over 35 years. In the structured deal, the Seller will remain with the practice buyer for a post-employment period to assist with transition.

Wednesday, November 10, 2010

Optometry practice appraisal and vision care industry

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We just completed the appraisal of an optometry practice in the midwest for a partnership buy-in. As part of this project we analyzed the overall vision care industry and specific market in which the practice was located. In assessing fair market value for an optometry practice is it important to consider how health care reform may affect the growth rate and the optometric market overall. The expansion of insurance plans and vision care coverage for small businesses may be a potential benefit to optometric offices. The small business health options program will be a method for small businesses to obtain better rates and plans through pooling. The increase in coverage may be a positive aspect for vision care providers who will have a larger potential patient base to serve. Added to the growing need for optometric services of our aging population, the vision care industry will be a definite area of growth into the future.

Also see my upcoming articles on dermatology appraisal and the practice use of a medical valuation.