Gary Herschman Quoted in “Private-Equity Firm Buys Stake in Specialty Practice”Crain’s New York Business July 15, 2019
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.