“Guidelines for Closing a Medical Practice,” Physician Connection

Isaac Wiles Partners, Paul-Michael La Fayette and Patrick Pickett, along with M. Veronica Brattstrom, M.S., CHTS-PW, CHP, recently published an article in Professional Solutions Insurance Company’s publication, Physician Connection. The topic of the article was on the intricacies of closing a medical practice, detailing everything from advising patients and regulatory agencies to dissolving the entity and maintaining records.

“Closing a medical practice can be stressful for staff, physicians and patients. Whether you plan to leave the area, practice with another group or retire, considering patient needs when closing a medical practice is paramount to make this transition successful.

The bottom line is: don’t be rushed. Planning ahead is key to successfully closing a medical practice.”

Click here to view the full article.

Paul-Michael La Fayette is a partner and chair of the Health Care Industry at Isaac Wiles. He represents healthcare professionals in professional negligence claims and in state licensing board actions. Paul also serves his professional clients and their practices with regard to employment and risk management matters. He has 20 years of experience as a trial attorney defending professionals in litigation and utilizes this experience to guide his clients and their practices on a daily basis.

Patrick Pickett is a partner and member of the health care industry at Isaac Wiles. He concentrates his practice on corporate, business and real estate matters. Pat serves as counsel to medium and small corporations, limited liability companies and other business organizations in a variety of industries including medical and dental practices. One of his strengths is structuring and negotiating business transactions, including the formation, sale and acquisition of companies, as well as various real estate transactions.