Medical
Practice
Valuation
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The
"WOW! Your appraisal report was amazing. It was a pleasure to read. I ended up buying the practice for very near the value you quoted. The seller ended up getting anther appraiser's opinion and they commented that your work was excellent and proposed a value very close to the one you suggested. I also used the appraisal to help secure a loan from the bank. They too were impressed with the quality and conclusions, and I was approved quickly. So now I am the happy new owner of my own practice. Things are going well. Patrick O'Neal M.D. "My experience with Professional Management and Marketing and specifically with Keith Borglum was eye opening. The report that I got about the appraisal for a buy-in allowed me to make a very confident and informed decision. The aspect that I was most pleased about was the fact that he not only produced the report, but also gave me his honest and personal appreciation of the business I was about to join. I am positive that this consultation has been some of the best money spent in my professional career". Juan Carlos Rodriguez, M.D. "The owners (of our) practice commented several times at how thorough and well-composed the appraisal was." Michael Park M.D. "I recently sold my Family Practice. My consultant
was Keith Borglum. My experience was excellent in every way. First
I found a medical practice broker here, with fancy offices, a big
team, and a very fancy price. Then my prospective buyer found Keith
on the internet, and it’s one of the things I liked about
her: she shopped until she found excellent quality at an excellent
price. We both knew of Keith from the articles he’d written
in the Family Practice Management journal, and we talked to him
by phone. He convinced us that he could do a good job without seeing
the practice, and would walk us through the myriad details that
needed to be addressed. If we still had questions at the end, we
could take the data we had collected with his help and present it
for review to the high-priced firm, paying them only to render an
opinion on work we’d already done. We ended up just accepting
Keith’s valuation, because he asked us for so much detail
that we both knew by the end we’d discussed and agreed on
every possible item. She had her lawyer write up the contracts in
simple English, I had my lawyer review them all, and we signed them. "Thank you so much for your prompt, professional, intelligent response, and for all of your help in this matter. I have passed your name on to a few residents." Thomas R. Elmer, Jr MD "Thank you for your very thorough and organized report. I appreciate all the thought that went into it." Anne Sacks-Berg M.D. "PMM provided a comprehensive analysis and valuation of the practice we acquired. They always acted professinally, entheusiastically, and were attentive to my specific needs. They are true experts in their field". Eitan Homa MD "Your appraisal was spot-on with all of my concerns and it could not have gone better for me than to have your professional advice." David Woods, MD "Our practice found it necessary to call PMM to perform an appraisal of our office. Mr. Borglum was courtesous and very willing to answer any questions we had while doing his initial assessment, while explaining what was needed to perform an accurate appraisal. In addition, he made every effort not to intrude on our ongoing schedule for the day. After he was done inspecting our office, we found him to be very patient, as he waited several weeks for us to return additional information he requested in order to complete the appraisal. We are very satisfied with Mr. Borglum's services and the service or PMM, and would be very willing to use their services again." Linda Harold, Manager for Drs. Conception and
Lim "My associate and I are both happy and
that is probably what counts! Your evaluation helped us both to
reach this end, and I am thankful to you for it." "Your advice has been extremely valuable" Gil Smolin MD "Thank you very much for your assistance.
You may use me a a reference anytime!" "I want to thank you for all your assistance.
Had I not used your services, I may have made a major mistake in
purchasing a practice. You have always been easily accessible, courteous,
and professional. I will refer all my colleagues to you." "I can highly recommend Keith Borglum of Professional
Management and Marketing. Informal discussions with a two-man ophthalmology
group in my community led us to consider a merger. With Mr. Borglum's
encouragement, we entered serious negotiations. There were many
items to consider. As issues arose, Keith was always readily available
to provide a range of reasonable options and specific suggestions
to create a win-win solution. He pointed out areas of concern to
him, and provided succinct, no-nonsense replies to my questions.
Keith also clearly indicated if he thought something was outside
of his area of expertise, for example, when I should consult my
accountant regarding the tax implications of a sale and compensation
formulas. "Your thoroughness and professionalism from the purchase of the practice to the start-up information you provided have made the transition from employee to owner less onerous than anticipated. I would highly recommend you." Kevin May, M.D. "It is our pleasure to give a strong recommendation for Keith Borglum of PMM. This past year Keith's indepth practice analysis was invaluable to us when bringing a new physician on board to our busy and growing practice. From practice valuation to the final management services agreement, Keith's expertise in medical practice served to give us clear and accurate assessment of the details and management of the new arrangement." J. Timothy Murphy, M.D. "It was my pleasure to work with Keith Borglum of PMM on the appraisal of my father's practice. My father passed away and my family felt that we needed to vlaue to the practice immediately. Keith was very professional and organized, as well as sympathetic to our situation. He also gave me invaluable advice, and called and checked-up to make sure everything was to my satisfaction." Kelli Cox, for the estate of Frederick Cox, M.D. "I have been very pleased with Mr. Borglum's work. His appraisal report was detailed, thorough, and easy to follow. Following the appraisal. Mr. Borglum has been readily available to answer questions and offer suggestions. I encourage other practice owners who need assistance in selling their practice to consult with PMM early on in the process." Joan Gregg RPT "I've been very pleased with the services provided. I found them to be extremely professional. Their method helped me immensely. I will continue to use their expertise in the future." Richard M. Auld, M.D. "I am grateful for your help...during the time that we were setting up our merger. As we follow your guidelines...I feel that we have a solid method for evaluating the stability of our business." Mary Berg, M.D. "I would recommend them without reservation." Jeffrey Sugarman MD
"Without reservation we offer our recommendation for the services of PMM and its able staff"
Joseph Mayo MD "PMM's evaluation has been the most beneficial, professional, and most clearly presented of all the different consultants we have worked with." Sheryl Long MD "I believe that these services have been of genuine helpfulness in these changing times of medical economics and practice patterns and I would recommend his services." Joseph G. Clendenin, M.D. "This letter is written to express my sincere gratitude. I am continually reminded that the greatest single event that led to the successful development of this practice was my meeting with the office manager who suggested that I would benefit from your services. I have recommended your services to many of my colleagues." Patrick Coonan, M.D. "...counseling and expertise have helped greatly. I have renewed my enthusiasm for private practice. Our internal medicine group is functioning well. This could not have been accomplished without his assistance." William R. DeWolf, M.D. "I was always impressed with your organization and your ability to keep a focus on the primary issues of importance. The efficiency and friendliness of your office staff has been most impressive and I have found you to be exceedingly accessible and available. Your expert input has been deeply appreciated." Joel S. Erickson, M.D. "This investment, which at first I was doubtful about, has in fact paid off quite well and would not hesitate to recommend PMM services to another professional in the medical field." Robert A. Harf, M.D. "The primary benefit I experienced was the ready availability of information, answers to my questions and knowledge and experience in regards to the anticipated results of any action or approach to change. They helped insure that the changes actually took place and produced results. I am pleased with the results." Horace B. Newhard, M.D. "Thanks and appreciation for the fine efforts. I wholeheartedly recommend your services to professional colleagues." David J. Quenelle, M.D. "...was helpful facilitating improvements in my practice and in our group formation." Wade W. Sherwood, M.D. "I found Professional Management & Marketing to be of immeasurable help in tackling the numerous facets involved in...my private practice." Jeff Broffman, M.D. "Mr. Borglum is a friendly, accessible, knowledgeable and indispensable part of my start-up practice. By far, this has turned out to be the best investment I have made in my practice." Robert
Fliegler MD, VIP Medical Access "The thoroughness of the plans and strategies developed by Keith left nothing uncovered; In fact, I have not seen the quality of services provided by PMM equaled by any other consulting firm. I highly recommend Keith and PMM to any physician or hospital." Robert W. Thorn, St. Rose Hospital "First, I want to thank you for your help
and contribution to our 2005-6-7 Business Reference
Guides (on business valuation for brokers). We always
find it gratifying that people like yourself are willing to take
the time to give back to our profession. We realize that you do
receive telephone calls from our readers asking for additional information.
We have heard nothing but praise from our readers about their "calls
for help." We also know that some of these people may be from
outside professions such as business appraisers, CPAs and lawyers.
While they may be outside our profession technically, your help
does reflect on our profession and makes them aware that business
intermediaries are indeed quite knowledgeable. The entire business
brokerage profession owes you a debt of gratitude for not only contributing
to this year’s Reference Guide, but for that telephone call
in which you helped a 'colleague.' Thank you!" Many More References Are Available On Request |
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©PMM 1983-2005
PracticeMgmt.com - Phone 707-546-4433
E-mail to: consult1@practicemgmt.com