Gary W. Herschman, Member of the Firm in the Health Care & Life Sciences practice, in the firm’s Newark office, was quoted in Crain’s New York Business, in “Private-Equity Firm Buys Stake in Specialty Practice,” by Jonathan LaMantia. (Read the full version – subscription required.)

Following is an excerpt:

Orthopedics is one of several specialties attracting a spike in interest from investors, said Gary Herschman, a partner at law firm Epstein Becker Green in Newark who works on private investments in physician practices. Investors are attracted to practices that are able to generate revenue from ancillary services, such as same-day surgery and imaging. Other specialties that have become more popular with investors are gastroenterology, urology, ENT and OB/GYN, he said.

Physicians who agree to join to accept private investment can benefit from corporate support around payer negotiations and electronic medical records. They also hedge against future risk factors that could affect their business, such as government health care reform.

“This allows them to monetize the true value of their practice and take some of the chips off the table while still managing the medicine and being in charge clinically,” Herschman said.

Jump to Page

Privacy Preference Center

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.