In most states today, dentists have some form of due diligence or best practice requirements regarding their patients and a patient’s potential abuse of narcotics. As an example, in Ohio, a dentist must obtain and review an Ohio Automated Rx Reporting System (OARRS) report to help determine if it is appropriate to prescribe certain types […]
Medical Aesthetics Practices, or Medical Spas (often called “Med Spas”) are a growing industry within the healthcare space, and with that growth, owners of Med Spas are selling their practices with greater frequency. Why? Well, with growing prevalence, the buyers in these transactions are private equity firms, and the opportunities for the owners of Med […]
A law passed in Illinois that takes effect January 1, 2024 that may have an effect on your dental practice sale to a dental support organization (DSO). This legislation implements notice requirements for healthcare facilities and healthcare provider entities engaging in “covered transactions.” Notice must be given to the Illinois Attorney General 30 days in […]
As dental attorneys, we continue to monitor legislative changes impacting our dental clients, including our dental support organizations (DSOs). An amendment to the New York Public Health Law Chapter 45-A took effect on August 1, 2023 that requires certain healthcare-related entities to disclose proposed material transactions to the New York State Department of Health (NY […]
I had the pleasure recently to talk with Dr. James Woodyard and many other successful dentists this past Wednesday, August 16th, as part of the Select Study Club. Dr. Woodyard and I discussed the importance of succession planning, and the impact of DSOs. It is such a wonderful time to be having this discussion. As […]
In our June 6, 2023 blog post, we discussed rollover equity and the role that it plays in the proceeds from a possible sale of your dental practice. As discussed briefly in that post, recapitalization events are an important factor in the concept of rollover equity as it relates to a dental practice sale, specifically […]
In our April 28, 2023 blog post, we discussed the letter of intent process and the role that it plays in the sale of your dental practice. One potential item included in the letter of intent is rollover equity. In today’s market, “rollover equity” is a common business term in any dental practice sale to […]
In working with our dentists, one of the most exciting events that we get to experience is when one of our dental clients receives a letter of intent (“LOI”) for the sale of their dental practice or their dental practice assets. Think about it for a moment. As a dentist, you have spent your entire […]
As healthcare attorneys, we handle a myriad of compliance issues for our doctors and dentists. Patient abandonment is one of those compliance issues that sometimes arises for our dentists, as part of their overall treatment planning. It is important for dentists to (i) understand patient abandonment and (ii) know how to avoid it, as it […]
As a healthcare and business attorney, I have and continue to work with individual doctors, their practices, and many other businesses and vendors that support the healthcare industry. It is such a great group of individuals and businesses. And I really enjoy talking about how those individuals can work on their businesses and with their […]
As a Dentist, What Are My Obligations Related to Out-of-State Patients and Potential Prescription Drug Abuse?
Injecting Private Equity Rollups into the Med Spa Space
Healthcare Transaction Disclosure Requirements in Illinois: What It May Mean for Your Dental Practice Sale to a Dental Support Organization
New York Healthcare Transaction Disclosure Requirements: What It May Mean for Your Dental Practice Sale
Succession Planning and the Impact of DSOs
