Questions to Ask on Taking Over a Practice(posted 1/1/08)
Q: I know a physician with a well-established practice. Two years ago, he started another practice. He drives back and forth every day; it takes about 40 minutes. He’d like to sell me the second practice so he can spend more time with his family.
He says he has around 500 patients and that the practice pays for itself. He will give all the financial information to my accountant and lawyer. The rent is expensive. On the other hand, there is a hospitalist in that community so I could stop doing rounds. He told me, “Make an offer.” Do you have any ideas of good questions I should ask?
