Blog Articles

Seller Testimonial - Dental Practice Torrance, CA

I had owned my practice for 5 years and 6 months after I decided to sell my practice due to my personal reason. When I purchased the practice, it was a practice that I almost started from the scratch so the transition was very easy. I had never owned a practice before this one, and therefore I had no idea how to sell my practice. I didn't know that I had to appraise my practice before I came up with the right selling price. One day, I called Charles Kim, and he came to my office the same day. He never pushed me or gave me any pressure, but listened to my for more than an hour. I felt the trust in him. The way he talks to people was very wholehearted, and understanding as he himself used to be a dentist. He did 99% of work, and all I had to do was to provide the documents that he requested. Guess what? I have sold my practice with the first dentist who looked at my practice and at a price that we both never thought about. Mr.Kim is very careful and detail oriented person. His advice was the best one, and the result was superior. - Sun Y. Kim, DDS

Seller Testimonial - Family Practice Sale Los Angeles, CA

From the very beginning David Lopez was extremely professional, honest, transparent, and clear about the entire process [of selling our medical practice]. He was always available for any questions we had and was very prompt to answer them. We are very satisfied with the results and without any doubt would use the service again. We will definitely recommend the service to all of our colleagues.

Tax, Practice and Real Estate Planning Seminar for Doctors

Join Transition Consultnants at the Orange County Medical Association for a seminar on practice sales, tax, and real estate planning. 

SPEAKERS:
Greg Lewis, Ells CPAs & Business Advisors
Marshal Vogt, Lee & Associates
Stacey Hall, Lee & Associates
Chris Majdi, Transition Consultants
Brian Nakamura, Farmers & Merchants Bank

Kickback and Physician Self-Referral

Kickback and self-referral violations increasingly are being pursued by the Office of Inspector General.  These are increasingly wide-reaching to cover a number of service providers, vendors, and business relationships.  In Q4 of 2013 it was reported that Henry Schein, Inc paid over $1.1 million for an alleged violation entailing remuneration to customers who were part of the Henry Schein Medical Privleges Program.  This was an alleged violation of the Civil Monetary Penalties Law provisions applicable to physician self-referrals and kickbacks. The points redeemable for products and services were allegedly not qualified as "discounts" or "rebates" under the anti-kickback statute.

Medical Economics - Buying a Medical Practice

Christopher Majdi, medical practice broker and appraiser with Transition Consultants was recently quoted in an article from Medical Economics regarding buying a medical practice.


Is it the right time for you to buy another practice?

Donna Marbury
Publish Date: SEP 25,2013
Published on Medical Economics (https://medicaleconomics.modernmedicine.com)

With all of the changes facing healthcare, including the increased bureaucracy and frustration, buying a medical practice may seem like more trouble than it's worth. However, many experts agree that now is a good time to consider buying.

"I spend a lot of time dispelling the myth that there is no value in buying a medical practice," says Chris Majdi, medical practice broker at Transition Consultants in Los Alamitos, California. "Some physicians are good at running a practice, and might consider buying another."

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About Us

Most doctors looking to buy or sell their practice can’t find the time to figure out the complicated steps involved. At Transition Consultants, we’ve created a process that makes the transition painless so they can move into their next season and start living life on their own terms.

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