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I am a Physical Therapist working/living in NM. I am considering

Customer Question
acquiring an outpatient PT private...
I am a Physical Therapist working/living in NM. I am considering acquiring an outpatient PT private practice. I have been in touch with the property/practice broker. He has emailed me the CBR. Is this a golden opportunity or do PT practices or is this something that happens frequently in San Diego,CA?
Submitted: 5 years ago.Category: Business Law
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Answered in 7 hours by:
2/3/2012
Business Lawyer: Fran-mod,
 replied 5 years ago
Fran-mod
Category: Business Law
Satisfied Customers: 48
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Hi, I’m a moderator for this topic and I wonder whether you’re still waiting for an answer. If you are, please let me know and I will do my best to find an Expert to assist you right away. If not, feel free to let me know and I will cancel this question for you. Thank you!
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Customer reply replied 5 years ago
Yes, still waiting.
Business Lawyer: Fran-mod,
 replied 5 years ago

Sometimes, finding the right Expert can take a little longer than expected and we thank you greatly for your understanding. We’ll be in touch again shortly.
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Business Lawyer: Law Educator, Esq., Attorney replied 5 years ago
Law Educator, Esq.
Category: Business Law
Satisfied Customers: 121,031
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I am afraid we do not understand specifically what you are asking about "golden opportunity" and is this common practice. Can you please explain more and clarify what you are asking so we can help you.
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Customer reply replied 5 years ago
RE:Golden opportunity
Is an outpatient PT private practice that is for sale a rare occurrence that I should take advantage of?
Business Lawyer: Law Educator, Esq., Attorney replied 5 years ago
We cannot say that this is a rare occurrence, you as the buyer have to conduct your due diligence into the practice to determine exactly why it is being sold (the owner may be ill or needs to move or is just retiring or it could be because the practice is in financial hardship). You need to not only look at the patient records and number of patients, but you need to get permission from the seller to verify bank income records and also to contact insurance companies they deal with to verify their billing reports. There is much more to this to know if it is a good deal or just someone looking to dump a practice that has not been profitable to them and generally parties looking to make this type of purchase from out of state hire a CA corporate attorney to conduct a due diligence investigation into the business before buying it.



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