Gary Herschman Quoted in “Physician Group Consolidations Let Doctors Be Doctors”

Bloomberg BNA Health Care Daily Report

Gary W. Herschman, a Member of the Firm in the Health Care and Life Sciences practice, in the firm’s Newark office, was quoted in Bloomberg BNA Health Care Daily Report, in “Physician Group Consolidations Let Doctors Be Doctors,” by Mary Anne Pazanowski. 

Following is an excerpt:

Physicians also can join large, national “strategic” companies, Gary Herschman, a member of Epstein Becker Green PC’s health law practice in New York and Newark, N.J., told Bloomberg BNA. These companies often employ doctors in a single specialty and are publicly traded. Sunrise, Fla.-based Mednax, for example provides neonatal, anesthesia, maternal-fetal and pediatric physicians to hospitals in all 50 states and Puerto Rico. …

Doctors can make a lot of money through private equity investment, Herschman, a Bloomberg BNA advisory board member, said. It “could be very lucrative” to throw in with a private equity-backed company, he said. On the other hand, physicians often lose autonomy and control over the practice’s future, and there is no telling who will buy the practice from the investors, he said.