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The answer is yes, but with restrictions. This falls under the Corporate Practice of Medicine Doctrine (CPOM Doctrine). Every state has a different version thereof, and some states do not employ it. NJ does employ CPOM, and in NJ, it is allowed that a nurse and a physician own a medical practice (including a psychiatric practice), but the physician has to have a greater interest ownership in the practice. For a full explanation, see HERE.
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