Tag Archives: Health Practice Advisors

Valuing and selling your dental practice with Michael Erin

Today’s interview with Michael Erin, a dental valuation and practice consultant and broker, focuses on how Dentists prepare for retirement and a succession plan for the transition and sale of the work and interest in their dental practice.

Michael Erin of Practice Management & Associates

Please use this link to listen to the podcast

Topics covered in this 30-minute interview:

  • About Progressive Management and dental brokerage generally;
  • Preparing for retirement, when to start selling your practice;
  • Different types of buyers you may identify well in advance;
  • Understanding the timeline and process of dental practice valuation.

Michael Erin is a management consultant, valuation specialist and practice broker in the Chicago hospital and health care industry. Mr. Erin, with Chicago’s Progressive Management & Associates, the Chicago dental practice brokerage, works with dental specialists in transition with their private practice. He works with sellers, buyers and valuation services to keep the transition out of practice in the fast lane, to maximize profits for his clients. Michael Erin is a colleague with our host, Michael V. Favia, through the Health Practice Advisors network group in Chicago.

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Michael V. Favia & Associates are available to advise and represent healthcare professionals and the general Chicagoland community with a variety of legal issues. With offices conveniently located in the Chicago Loop, Northwest side and suburbs, you can schedule a discrete meeting with an attorney at your convenience and discretion.

For more about Michael V. Favia & Associates’ professional licensing work, please call (773) 631-4580, visit www.IL-Licensing.com and feel free to “Like” the firm on Facebook and “Follow” the firm on Twitter. You may also connect with Attorney Michael V. Favia on LinkedIn and on Avvo.com where you may also read client endorsements and reviews.

 

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Health Practice Advisors’ Alan Shifrin Presents at May 17 Dinner on Buying and Selling Health Care Practices

SCHAUMBURG, Illinois – On Wednesday, May 17, 2017, Alan Shifrin, J.D. speaks on issues in buying and selling healthcare practices. The dinner presentation at Maggiano’s in Schaumburg starts with cocktails at 5:30 p.m. and concludes at 9:30 p.m. This is a Health Practice Advisors (HPA) event sponsored by Apex Design and tickets remain available.[i]

The focus of HPA member, Alan Shifrin’s presentation is the identification of complex issues in the process of buying or selling a healthcare practice. Medical, dental and other healthcare practices have unique legal issues in addition to the tax accounting, valuation and psychology matters for consideration.

Highlighting pitfalls and issues in buying and selling healthcare practices, Alan Shifrin uses the F.L.U. acronym, “Don’t let your practice get the F.L.U.” The acronym stands for Feasibility, Legality and Understandability. Avoiding practice transaction F.L.U. requires attention to the terms, structure and price as well as legal compliance and complete disclosure of material facts and understandings thereof.

Michael V. Favia, HPA Chairman, recommends this event and other HPA events and resources designed to educate and assist healthcare professionals with the business end of their practice.

BUY TICKETS FOR THE MAY 17 DINNER

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About the Health Practice Advisors:

Health Practice Advisors is a consortium of proven healthcare experts, assembled to help providers grow and enhance their practice’s viability and profitability. Our team is poised to offer comprehensive solutions to the most complex healthcare business needs. Allow us to focus on building the business side of your practice, enabling you to devote your energy to patient care.

To learn more about our company, or to schedule your FREE, personalized consultation with us, please call Health Practice Advisors at 773-796-3213 or email at info@healthpracticeadvisors.net.

About us: Michael V. Favia & Associates, P.C. is a health law and litigation firm in Chicago representing individuals, healthcare professionals and organizations with civil legal matters as well as professional licensing and regulation.

Chicago health law and litigation attorney Michael V. Favia and his associates in several locations and disciplines, advise and represent private individuals as well as healthcare professionals in all types of litigation and administrative matters involving licensing and regulatory agencies.

Michael V. Favia and Associates, P.C. represents individual physicians and health care organizations in the Chicago area with a variety of legal matters. With offices conveniently located in the Chicago Loop, Northwest side and suburban meeting locations, you can schedule a discrete meeting with an attorney at your convenience and discretion. Michael V. Favia & Associates is available at (773) 631-4580. Please visit www.favialawfirm.com and feel free to “Like” the firm on Facebook and “Follow” the firm on Twitter. You can also review endorsements and recommendations for Michael V. Favia on his Avvo.com profile and on LinkedIn.

 

[i] To purchase tickets for the dinner at $50 per person, please RSVP with this link: http://www.healthpracticeadvisors.net//sponsorinformation/