My practice and 3140 sq ft office condo FOR SALE

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cowboydoc said:
Superb question that will get vastly different answers here. In short, if it includes assets (predominantly real estate in our line of work) it will be worth a lot more. Associated ASC buy-in that's cooking also changes everything.

The value of existing contracts/referral sources and patients is subjective and variable. In some places this is invaluable. In others, it's meh. The blood, sweat and tears to build a practice is worth at least 7 figures to the person who did it, but the buyer almost certainly doesn't appreciate that value. The emotions involved with this are probably greater than the sale of a home someone lived in for decades.

My bias: A hospital based employee with real estate background that got deep in the weeds to purchase a solo private practice from a guy looking for an exit strategy. IMO, his emotional connection and value of past work was far greater than my dispassionate assessment of the value of buy-in.
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So, the issue is the time decay. The person selling has to sell eventually, but the buyer doesnt have to buy immediately. If the valuation is more than 2-3x EBITDA, then its not a practical ask. Contracts arent worth much given that they are up for renewal at frequent intervals, unless there are lease agreements, referral agreements, and purchasing contracts that are valid for 5+ years.

Ducttape said:
i think it would help if doctodd advertised the practice on somewhere other than this forum. im sure he would find takers - unless the area is oversaturated with pain docs.
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its listed on gasworks.

Doctodd said:
construction around here is insane.....it's only going to grow more and more. An ASC is inevitable.

If I advertised locally, I don’t think it would help the practice. And my son is still 12, so I’m just playing the appreciation game. And I’ll stay on a bit to help transition.
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How long would you stay for the transition? 5 years? more?
 
There is only the 2 tenant leases which the new owner could keep or end. My ortho umbrella group is very large in the state. They arent going anywhere.

It would seem that 5 years is not something a new owner would want......it's typically alot less. But i will keep living here until my kid goes to college......he is in 6th grade.
 
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Bump for April and potential new grads. W/C reimbursement just went up in FL. I’m ready to coach baseball and cruise the bahamas.
 
Doctodd said:
South Florida is popping and I had an unsolicited offer on the office condo itself for $1 million so I might as well throw this out there for new grads. The office condo is almost new and is owned by me alone, and it is in the only medical arts building in the area 20” south of Miami. It is next to the hospital so you could be in the doctor's lounge in three minutes. Persuade me to retire. You can take over a turnkey office with all patient’s, staff, contracts, a revenue generating tenant Physical therapist, and all equipment including regenerative. You could also be on the ground floor for the only (new) ASC in the area planned. I will teach all my regenerative tricks and transition so all patients are kept. Im part of an Ortho umbrella group for contracts, and they offer all benefits including insurance and retirement.

Approximately 3140 sq ft, 1 procedure room with a top of the line OEC Elite Vas-15 C-arm and carbon fiber diving board table, MyLab US machine, 2 sterilizers, 2 centrifuges, 4 patient rooms, PT area, kitchen, 2 private bathrooms, 2 executive offices, 1 large room that can be used for patients or storage or anything else, and more i cant remember. Perfect for new grads who dont want to wait to build up a practice. The struggles of starting a practice with contracts are eliminated by joining the Ortho umbrella group. I/you still have complete autonomy.
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am I mistaken? the address listed is as 40 miles away or about 50 minutes, not 20.
 
Depends where in Miami…….my office is 19 miles from my house where I’m NOT taking the expressway half the commute. North Miami is another 10 miles.
 
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Doctodd said:
Depends where in Miami…….office is19 miles from my house where I’m NOT taking the expressway. North Miami is another 10 miles.
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Wasn't there a new law in FL that limited personal injury/worker comp claims?

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Understanding the Impact of Florida HB-837: A Guide to Tort Reform - Gould Cooksey Fennell | Vero Beach, FL

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effective date January 2025.....only bummer

The Florida Senate
BILL ANALYSIS AND FISCAL IMPACT STATEMENT
(This document is based on the provisions contained in the legislation as of the latest date listed below.)
Prepared By: The Professional Staff of the Committee on Fiscal Policy
BILL: CS/SB 362
INTRODUCER: Fiscal Policy Committee and Senator Bradley
SUBJECT: Medical Treatment Under the Workers’ Compensation Law
DATE: February 9, 2024
ANALYST STAFF DIRECTOR REFERENCE ACTION
1. Johnson Knudson BI Favorable
2. Morgan Brown HP Favorable
3. Johnson Yeatman FP Fav/CS
Please see Section IX. for Additional Information:
COMMITTEE SUBSTITUTE - Substantial Changes
I. Summary:
CS/SB 362 increases the maximum medical reimbursements for physicians and surgical
procedures and the maximum fees for expert witnesses under ch. 440, F.S., “Workers
Compensation Law” (law). The law requires employers to provide injured employees all
medically necessary remedial treatment, care, and attendance for such period as the nature of the
injury or the process of recovery may require.
The bill increases the maximum reimbursement allowances (MRA) for physicians and surgical
procedures to 200 percent of Medicare. Currently, the maximum reimbursement allowance for a
physician licensed under ch. 458, F.S., or ch. 459, F.S., is 110 percent of Medicare and the
maximum reimbursement allowance for surgical procedures is 140 percent of Medicare.
 
Op was banned so I was curious and clicked their message. Some bizarre stuff posting a picture of his mom. Buyer beware lol.
 
bubaghanush said:
Op was banned so I was curious and clicked their message. Some bizarre stuff posting a picture of his mom. Buyer beware lol.
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That’s not really why. He was banned because he was debating liberals on the political forum and they were saying they ****ed his mom or something like that. So he said “my mom is 77 y/o so can you go down on her also? She’s lonely and it’s been awhile”…or something like that. He posted a picture of her to prove she was an old lady. It was hilarious. Of course they were only given a warning. But he was banned.

I know him and his office. It’s legit. If you want to contact him, Steve and I have his number. Or email him….if he doesn’t answer, it went to spam. Try another way.
 
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JoeLores said:
That’s not really why. He was banned because he was debating liberals on the political forum and they were saying they ****ed his mom or something like that. So he said “my mom is 77 y/o so can you go down on her also? She’s lonely and it’s been awhile”…or something like that. He posted a picture of her to prove she was an old lady. It was hilarious. Of course they were only given a warning. But he was banned.

I know him and his office. It’s legit. If you want to contact him, Steve and I have his number. Or email him….if he doesn’t answer, it went to spam. Try another way.
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There's been a liberal bias for a long time.
 
JoeLores said:
That’s not really why. He was banned because he was debating liberals on the political forum and they were saying they ****ed his mom or something like that. So he said “my mom is 77 y/o so can you go down on her also? She’s lonely and it’s been awhile”…or something like that. He posted a picture of her to prove she was an old lady. It was hilarious. Of course they were only given a warning. But he was banned.

I know him and his office. It’s legit. If you want to contact him, Steve and I have his number. Or email him….if he doesn’t answer, it went to spam. Try another way.
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Probably got banned because he had other complaints than just that one. Mods dont ban people on a one-off.

Dude's been trying to sell his practice for like 3 years now.
drusso said:
There's been a liberal bias for a long time.
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really? I thought theres more conservative lean
 
Status Sciaticus said:
Probably got banned because he had other complaints than just that one. Mods dont ban people on a one-off.
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Telling the guys who said they ****ed his mom to go down on her too is bannable? Yea ok. And they said a lot more than that. Go take a look and see for yourself. Lots of TDS and EDS over there.
 
Bannable or not, I don't see how posting a picture of one's mom to random internet strangers and asking if they will go down on her is remotely funny. Maybe I have a different sense of humor.

And a practice posted for 3 years must be overpriced.
 
bubaghanush said:
Bannable or not, I don't see how posting a picture of one's mom to random internet strangers and asking if they will go down on her is remotely funny. Maybe I have a different sense of humor.
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Not what happened, but I digress.
 
JoeLores said:
Telling the guys who said they ****ed his mom to go down on her too is bannable? Yea ok. And they said a lot more than that. Go take a look and see for yourself. Lots of TDS and EDS over there.
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Also just noticed he was banned on December 3rd and you joined December 4th. You seem to have awfully similar political views and sense humor. Are you sure he's just a friend and not the same person?
 
like a repeat offender, punishments get more severe each time.
 
bubaghanush said:
Also just noticed he was banned on December 3rd and you joined December 4th. You seem to have awfully similar political views and sense humor. Are you sure he's just a friend and not the same person?
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I clicked on his profile and his “last seen” was Dec 3, which means he tried to login. He was banned before that. His last post was November so probably banned that day. But yea…like I said…..my name is Gladiator.

 
bubaghanush said:
Bannable or not, I don't see how posting a picture of one's mom to random internet strangers and asking if they will go down on her is remotely funny. Maybe I have a different sense of humor.

And a practice posted for 3 years must be overpriced.
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So if you feel like having the correct information, here is how it started….saying Doctodd was anally conceived is fine by you? It’s not a bannable offense? I think doctodd took it pretty well tbh
IMG_1255.png


IMG_1256.png
 
Joe lores seems to have a lot of information and really seems to care about doctodd's plight.

something tells me he isnt just a good samaritan.

if indeed Joe Lores IS Doctodd, then anyone reading this thread might want to think twice about buying a practice from someone who cant even accurately represent himself online.

also, the administrators could certainly compare the IP addresses used.

or, the other option: stop being so hateful and disagreeable. although that may be asking too much....
 
SSdoc33 said:
Joe lores seems to have a lot of information and really seems to care about doctodd's plight.

something tells me he isnt just a good samaritan.

if indeed Joe Lores IS Doctodd, then anyone reading this thread might want to think twice about buying a practice from someone who cant even accurately represent himself online.

also, the administrators could certainly compare the IP addresses used.

or, the other option: stop being so hateful and disagreeable. although that may be asking too much....
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Don't you get vetted to be approved for the physician forum? If so, that would mean the mods would know whether or not they're one and the same.
 
Pain Applicant1 said:
Don't you get vetted to be approved for the physician forum? If so, that would mean the mods would know whether or not they're one and the same.
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lets just say the process isnt quite as onerous applying for the CIA
 
Not sure if joe is todd and todd is joe but I like both of them. If Joe is Todd that's great and if not, I hope Todd reincarnates and comes back to join Joe in posting again. He's a smart dude and knows a lot about things.
 
SSdoc33 said:
Joe lores seems to have a lot of information and really seems to care about doctodd's plight.

something tells me he isnt just a good samaritan.

if indeed Joe Lores IS Doctodd, then anyone reading this thread might want to think twice about buying a practice from someone who cant even accurately represent himself online.

also, the administrators could certainly compare the IP addresses used.

or, the other option: stop being so hateful and disagreeable. although that may be asking too much....
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The information is on the forum. I just took screenshots. But you can see the entire exchange if you want. I was just setting the record straight. And I don’t like to see people badmouthed especially when they’re not around to defend themselves. It’s nice to have somebody who will defend you when people speak ill about you behind your back. You seem to be one of those people who speak bad about others. It’s not a very good character quality. But I’m on ignore so maybe somebody else will help you.
 
I understand that there are interesting parallels...

But the name "JoeLores" has no similarities to name of the pain physician that used to go by the forum name of doctodd.


Interestingly, however, a simple google search for the aforementioned name also does not bring up any "hits"....


(FWIW all of this info is available for free on internet; no names will be revealed.)
 
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