Legal 123s with ByrdAdatto
195 episodes - English - Latest episode: 11 days ago -ByrdAdatto is a national business and healthcare law firm with offices in Dallas and Chicago. Founding Partners Brad Adatto and Michael Byrd meet a lot of interesting people and learn their stories. Running a business can be overwhelming, especially trying to keep up with all of the rules and regulations. A seemingly simple business decision can completely destroy your business based on layers of regulations and other unknown factors. This podcast is dedicated to helping you simplify these complicated issues and to illustrate practical solutions to obstacles through the power and wisdom of real client stories.
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Episodes
Crisis: A Nurse Steals Botox from the Practice
April 17, 2024 05:00 - 29 minutes - 27.1 MBIn this episode, we uncover the repercussions hiring the wrong person can have on a practice. Join us as we unravel the story of a plastic surgeon whose trusted nurse was caught stealing from the practice, and learn how her ambition to establish her own business jeopardized both the practice and patient safety. Discover the importance of thoroughly vetting employees and how implementing good faith exams can be a practice’s saving grace. Watch full episodes of our podcast on our YouTube chann...
Crisis - When Your Employed Doctor Sleeps with A Patient
April 10, 2024 05:00 - 32 minutes - 29.4 MBWe kick off the Operating Season with a captivating story featuring a plastic surgery practice owner and the aftermath of one of his physicians crossing the line with a patient. Tune in to learn how to protect your practice and your patients amidst turmoil. We share essential strategies for employment agreements, non-compete clauses, and navigating medical board investigations. Listen now and discover the profound impact one rogue individual can have on your practice's reputation and success....
Crisis: When Your Employed Doctor Sleeps with a Patient
April 10, 2024 05:00 - 32 minutes - 29.4 MBWe kick off the Operating Season with a captivating story featuring a plastic surgery practice owner and the aftermath of one of his physicians crossing the line with a patient. Tune in to learn how to protect your practice and your patients amidst turmoil. We share essential strategies for employment agreements, non-compete clauses, and navigating medical board investigations. Listen now and discover the profound impact one rogue individual can have on your practice's reputation and success....
Season 16 Preview
April 03, 2024 05:00 - 4 minutes - 4.09 MBIn this episode, hosts Michael Byrd and Brad Adatto reflect on Season 15 of the Legal 123 with ByrdAdatto podcast. We recap the “building” season and share a sneak peek of what's to come in Season 16, which will kick off on April 10th. Make sure not to miss it! Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto Visit our website http://www.byrdadatto.com/ to learn more about ByrdAdatto and to subscribe to the newsletter. Follow us on social ...
Compliance Considerations for New Businesses
March 27, 2024 05:01 - 28 minutes - 26.5 MBWhen starting a business, you encounter a multitude of challenges, and an important obstacle for health care businesses is regulatory compliance. We wrap up Season 15 with series regular and ByrdAdatto Partner, Jay Reyero. Jay shares regulatory considerations for new health care businesses and the essential laws they need to keep in mind. We discuss pivotal regulations like the federal anti-kickback statute as well as state-specific laws. Tune to learn about the nuances of health care complia...
LIVE Special: The Human Performance Project with Ryan "Birdman" Parrot
March 20, 2024 05:00 - 39 minutes - 35.8 MBIn this special live recording, we are joined by former Navy SEAL turned humanitarian, Ryan “Birdman” Parrott. Birdman joins us to share how his experience as a Navy SEAL inspired The Human Performance Project, a groundbreaking research initiative aimed at unlocking the full potential of the human body and mind. We delve into how this project will help equip people with emotional and physical skills to navigate life’s adversities. Tune in for an inspiring conversation about overcoming persona...
Legal Blueprint for Forming an Entity with Steven and Sara Camp
March 13, 2024 05:00 - 32 minutes - 29.6 MBIn this episode, we are joined by the dynamic husband and wife duo, Steven and Sara Camp. Steven Camp, MD, a renowned plastic surgeon and owner of Camp Plastic Surgery, and Sara Camp, Head of Operations for the practice, share their experience starting a business. They outline essential resources for new business owners, key individuals to rely on during the startup phase, and important considerations for plastic surgery and aesthetics practices. Watch full episodes of our podcast on our You...
When Should You Trademark Your Business
March 06, 2024 06:00 - 31 minutes - 28.6 MBIn this episode, we continue expanding on the building phase of a business. Join us as we discuss Trademark law and the importance of protecting your intellectual property. We will take you through the journey of applying and filing for a Trademark and provide our insights on what to be aware of during this process. Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto Visit our website http://www.byrdadatto.com/ to learn more about ByrdAdatto and ...
Marketing Your Business with Stephanie Torres
February 28, 2024 06:00 - 31 minutes - 28.8 MBIn this episode, ByrdAdatto's Brand Marketing Manager Stephanie Torres shares strategies for marketing a business. Stephanie delves into the significance of understanding your target audience, timing for securing domain and social media accounts, various types of marketing available for new businesses, and essential brand strategies. Tune in for valuable tips for starting and growing your business. Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto...
Employment Law Essentials with Ron Chapman
February 21, 2024 06:00 - 31 minutes - 28.5 MBIn this episode, we are joined by labor and employment attorney Ron Chapman. Ron shares considerations for business owners to help navigate employee issues. We discuss crafting effective policies, distinguishing between employees and contractors, and exempt vs non-exempt classifications. Tune in for Ron’s tips for mitigating legal risks and safeguarding your business. Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto Visit our website http://ww...
Commercial Real Estate with Stephen Holley
February 14, 2024 06:00 - 31 minutes - 29.2 MBIn this episode, we are joined by commercial real estate broker Stephen Holley. Stephen shares the intricacies of commercial real estate leasing, from finding office space to understanding lease structures. Tune in as we explore negotiation strategies for tenants, different types of landlords, market trends, and more! Whether you are leasing your first office or considering buying, this episode will help you make informed decisions in the competitive commercial real estate market. Watch full...
Banking Strategies for New Businesses with Chris Williams
February 07, 2024 06:00 - 30 minutes - 28.3 MBIn this episode, we explore banking strategies for new businesses with Chris Williams, Regional Executive Vice President of Origin Bank. Chris breaks down the essential elements of banking, from understanding the unique needs of businesses to navigating the intricacies of the loan approval process. Discover the various types of loans available, the importance of personal financial statements and guarantees, and the typical timeline and process for securing a bank loan. Tune in for strategies ...
Insuring Your Business with Matt Burns
January 31, 2024 06:00 - 30 minutes - 27.8 MBGuest Matt Burns has extensive experience assisting startups to Fortune 500 companies with their corporate insurance needs. Matt joins us to share the essential types of coverage new businesses need, from basic general liability policies to more complex coverage like cyber liability and employment practices liability. Tune in to learn how to navigate insurance requirements, the best time to secure coverage, and general insurance insights for businesses of all sizes. To watch full episodes o...
Preparing Your Business for Financial Success with Brian Mueller
January 24, 2024 06:10 - 31 minutes - 29 MBIn this episode, Brian Mueller, CPA and founder of Mueller & Associates, guides us through the nuances of launching and optimizing a business's finances. Brian sheds light on tax elections, the significance of tax diversification, and the optimal time to consult a CPA. Tune in to learn how to maximize profitability and establish a foundation for long-term financial success. To watch full episodes of our podcast, visit our YouTube channel: https://www.youtube.com/@byrdadatto Visit our websit...
Building a Business Plan with Jessica Nunn
January 17, 2024 06:00 - 30 minutes - 28.1 MBIn this episode, Jessica Nunn from Maven Financial Partners walks us through the steps of building a business plan. We cover key aspects such as defining your business vision, setting realistic revenue goals, forecasting both revenue and expenses, and knowing when to seek professional assistance. Tune in for actionable insights to help you establish a strong foundation for your business. To watch full episodes of our podcast, visit our YouTube channel: https://www.youtube.com/@byrdadatto V...
Ingredients to Starting a Business
January 10, 2024 06:00 - 31 minutes - 28.5 MBIn this episode, we dive into the theme for this season: building and starting a business. Tune in for the key ingredients crucial for starting a business successfully. Throughout the season, we will be joined by industry professionals who help get businesses off the ground. Each episode will equip you with essential tools to ensure your business has a solid foundation from the start. Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto Visit our w...
Season 15 Preview
January 03, 2024 06:00 - 6 minutes - 6.34 MBIn this episode, hosts Michael Byrd and Brad Adatto reflect on Season 14 of the Legal 123 with ByrdAdatto podcast. We recap your favorite “Leadership” legends from this season and share a sneak peek of what's to come in Season 15, which will kick off on January 10th. You will not want to miss it! Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto Visit our website http://www.byrdadatto.com/ to learn more about ByrdAdatto and to subscribe to the ne...
Corporate Leadership Training with Alyson Mattlage
December 20, 2023 06:00 - 31 minutes - 28.8 MBGuest Alyson Mattlage has over 25 years of experience in corporate training and development. Alyson shares her experience in helping leaders maximize their potential. Our conversation delves into the underestimated emotional aspects of leadership, the profound impact of effective leadership on an organizational culture, and the significance of personal connections in building trust within a team. Tune in for Alyson’s tips on fostering a collaborative and emotionally intelligent leadership sty...
The Art of Military Leadership with Todd Boeding
December 13, 2023 06:00 - 31 minutes - 28.8 MBIn this episode, we are joined by former Marine Corps major turned sales team leader, Todd Boeding. Todd shares insights from his 35 years of experience in the military and corporate America. Tune in as he addresses the leadership crisis in the country and emphasizes the importance of cultivating leadership as a learned skill. We discuss the intersection of military discipline, corporate leadership, and the human element. Subscribe to ByrdAdatto’s YouTube channel for full episode videos: htt...
Leadership with State Representative Aimee Adatto Freeman
December 06, 2023 06:00 - 31 minutes - 29.3 MBJoin us in this episode with Louisiana State Representative Aimee Adatto Freeman, a seasoned leader in both politics and business. We discuss the complexities of leadership and the similarities between her role in the State Legislature and challenges faced by businesses. Discover valuable insights into effective leadership and the importance of listening when navigating diverse viewpoints. Subscribe to ByrdAdatto’s YouTube channel for full episode videos: https://www.youtube.com/@byrdadatto ...
Leadership in Accounting with Paula Allgood
November 29, 2023 06:00 - 30 minutes - 28 MBIn this episode, we welcome Paula Allgood, CPA and Managing Partner at Beaird Harris, a nationally recognized CPA and Wealth Management firm. Paula shares her journey from intern to managing partner and how her experience as a customer-centric CPA has shaped her leadership style. Tune in for a conversation on leadership, accounting, and the invaluable lessons Paula has learned along the way. Visit our website http://www.byrdadatto.com/ to learn more and to subscribe to the ByrdAdatto newslet...
Leadership in M&A with Nicole Chiaramonte
November 22, 2023 06:00 - 29 minutes - 26.6 MBIn this episode, we are joined by guest Nicole Chiaramonte, a seasoned serial entrepreneur who has not only founded and exited multiple businesses but also led multiple teams to success. Tune in as Nicole shares her firsthand experiences with leadership, and sheds light on the challenges and triumphs of leadership. With a focus on medical aesthetics, Nicole emphasizes the crucial role of compliance and provides takeaways for those aspiring to become leaders in this industry. Visit our websit...
Leadership in Non-Profit Medicine with Dr. Craig Hobar
November 15, 2023 06:00 - 31 minutes - 28.8 MBIn this episode, we are joined by Dr. Craig Hobar, MD, Founder & Medical Director of LEAP Global Missions. Dr. Hobar discusses building and maintaining a non-profit committed to delivering specialized surgical services to underserved populations worldwide. Join us to explore Dr. Hobar’s leadership journey, shaped by faith, passion, and sacrifice, and to gain an understanding of the evolving landscape of the non-profit industry. Visit our website http://www.byrdadatto.com/ to learn more and t...
Leadership with Sister Act Jessica Stellwagen and Melissa Mickelson
November 08, 2023 06:00 - 34 minutes - 31.2 MBIn this episode, we are joined by sister act Jessica Stellwagen and Melissa Mickelson, founders of Bodify. They join us to share the skills that helped them become leaders in CoolSculpting. Jessica and Melissa reveal their client-focused approach, the power of their motto "do what's best and delegate the rest," and their unique method of rewarding their employees' behavior. Tune in as they share how fostering a collaborative team environment is key to reaching their goals. Visit our websit...
Leadership in Aesthetic Practice Management with Terri Ross
November 01, 2023 05:00 - 30 minutes - 27.6 MBIn this episode we are joined by Terri Ross, Founder and CEO of Terri Ross Consulting and Founder and Co-CEO of APX Platform. Terri is a practice management consultant and one of the OGs in the aesthetic industry. She joins us to share how passion, energy and drive make for a great leader. Terri also opens up about her unique leadership journey, sharing both the highs and lows that have shaped her approach. Later in the episode, we pivot to an essential, and often challenging, topic of leader...
Leadership in the Med Spa Industry with Cathy Christensen
October 25, 2023 05:00 - 31 minutes - 29 MBIn this episode, we are joined by Cathy Christensen, President and Chief Operating Officer of the American Med Spa Association (AmSpa). Cathy leads teams specializing in marketing, membership, sales, events, editorial, and legal. As a key figure for AmSpa, Cathy shares her leadership insights into the medical aesthetic industry. Discover the power of a great team, the value of embracing failure, and what can happen when you lead with greed. Visit our website http://www.byrdadatto.com/ to l...
Leadership in Facial Plastic Surgery with Dr. Kay Durairaj
October 18, 2023 05:00 - 27 minutes - 25.4 MBIn this episode, we are joined by facial plastic surgeon Kay Durairaj, MD. Dr. Kay, also known as the “Facial Artist to the TikTok Stars”, used the power of social media and has become one of the key faces in aesthetics. Join us as she shares what it takes to lead in this industry, the role of creativity in her practice, and how to maximize a team’s talents for the best results. Visit our website http://www.byrdadatto.com/ to learn more and to subscribe to the ByrdAdatto newsletter. Follow ...
Leadership with Hosts Michael Byrd and Brad Adatto
October 11, 2023 05:00 - 31 minutes - 28.9 MBThis season's theme is Leadership. In each episode, we will look at leadership from different points of view, industries, and professions. In this episode, hosts Michael and Brad share their leadership journey, highlighting the five areas they have fine-tuned. They discuss the impact of mentorship and how leadership can influence a business's culture and growth. Visit our website http://www.byrdadatto.com/ to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social medi...
Season 14 Preview
October 04, 2023 14:06 - 5 minutes - 4.98 MBIn this episode, hosts Michael Byrd and Brad Adatto reflect on Season 13 of the Legal 123 with ByrdAdatto podcast. We recap your favorite “Fake or Real” myths from this season and share a sneak peek of what's to come in Season 14 starting October 11th. You will not want to miss it! Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel fo...
Fake or Real: A PA Has Full Practice Authority
September 27, 2023 05:00 - 30 minutes - 27.9 MBOur last episode focused on NP full practice authority. In this episode, we take a look at PA full practice authority. We share nationwide trends for a PA’s scope of practice and how a new law is impacting the supervision requirements for PAs. We discuss supervising physician vs collaborating physician relationships, the states moving towards independent PA practice and the limitations in other states. Additionally, we examine the intricacies of ownership regulations, addressing the question ...
Fake or Real: An NP Has Full Practice Authority
September 20, 2023 05:00 - 28 minutes - 26 MBIn this episode, we delve into the evolving landscape of Nurse Practitioner (NP) practice authority. We break down an NP’s scope of practice and share how NPs have gained increased independence in different states. Tune in for the three levels of supervision of an NP, the states who utilize each level and their requirements. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. ...
Fake or Real: My Company Can Be Taxed as an LLC
September 13, 2023 05:00 - 30 minutes - 27.9 MBIn this episode, series regular Jay Reyero joins us to debunk the common misconception of being "taxed as an LLC". Tune in as we clarify the distinction between entity structure and tax classification and share the various ways an LLC can actually be taxed. Understanding how different structures affect taxes can be very useful for both your business and personal finances. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social med...
Fake or Real: If I Get Sued for Malpractice, the Patient Can Own My Practice
September 06, 2023 05:00 - 28 minutes - 26.1 MBIn this episode, we share a secondhand account of a surgeon who was forced to sell his practice to an angry patient due to a malpractice lawsuit that exceeded his insurance coverage. Tune in for the positive and negative impacts an owner’s risk tolerance can have on their business’s corporate model. We discuss the angry patients, ways physicians can protect their assets, and reveal if a patient can really own a medical practice as a result of a malpractice lawsuit. Visit our website www.byrd...
Fake or Real: Medical Estheticians Can Be Delegated Treatments in a Med Spa
August 30, 2023 05:00 - 29 minutes - 27.4 MBMedical spas have been breaking the mold of the traditional medical practice model. The combination of day spa and medical service has created a new industry overseen by multiple regulatory authorities. In this episode, series regular Jay Reyero joins us to share the true significance of the title "medical esthetician." We address whether medical estheticians can be delegated procedures like Botox treatments within a med spa setting. We discuss regulatory considerations, including scope of pr...
Fake or Real: A Physician Can Own an MSO
August 23, 2023 05:00 - 33 minutes - 30.9 MBA significant issue for the business side of health care is the corporate practice of medicine (CPOM). In earlier episodes, we explored the most common solution to CPOM – the management services organization (MSO) model. Most often, these scenarios involve non-physicians owning the MSOs. In this episode, we look into instances where physicians own the MSOs. We share various physician-owned MSO arrangements and analyze the benefits and complexities of these different models. Want to learn mor...
Fake or Real: It is Legal to Compound Semaglutide, with Jonathan Kaplan, MD
August 16, 2023 05:00 - 33 minutes - 30.9 MBIn this episode, we are joined by Dr. Jonathan Kaplan, MD, a board-certified plastic surgeon and CEO of BuildMyHealth. Tune in as we unravel compounding Semaglutide – the ingredient in popular weight loss drugs Ozempic and Wegovy. Dr. Kaplan breaks down how Semaglutide works and why it is effective for weight loss. Join us for insights into Semaglutide and the opportunity compounding pharmacies have when a drug is added to the FDA shortage list. Want to learn more? Check out these article by...
Fake or Real: CPOM Can Affect the Business Structure of My Med Spa
August 09, 2023 05:00 - 30 minutes - 28 MBIn this episode, we navigate the nuanced landscape of the corporate practice of medicine (CPOM). Join us as we delve into the implications of running a medical spa in a CPOM state and the implications on both physician and non-physician ownership. We discuss common misconceptions surrounding CPOM, the states with higher risks, and a common solution to CPOM - the management services organization (MSO) model. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto...
Fake or Real: The FTC Has Banned All Non-Compete Agreements
August 02, 2023 05:00 - 32 minutes - 29.6 MBNon-Compete Agreements and clauses are common in Physician Employment Agreements. However, the landscape might be changing due to the recent proposal by the Federal Trade Commission (FTC) to ban all non-compete agreements. In this episode, series regular Jay Reyero joins us as we explore the current state of non-compete agreements. We discuss the implications of the FTC's proposal, especially as it relates to Physician Employment Agreements, the misconceptions surrounding non-compete enforcea...
Fake or Real: I Can Use Standing Orders for My IV Bar
July 26, 2023 05:00 - 27 minutes - 25.5 MBIn this episode, hosts Michael Byrd and Brad Adatto share the story of entrepreneurs who open an IV Therapy Bar in Alabama and the legal challenges they faced after receiving a Cease and Desist from the state’s Board of Medical Examiners. Tune in as we share the intricacies of operating a compliant IV bar and the rules and regulations that impact compliance. We discuss the limitations of standing orders, the significance of the good faith exam, and the implications of the corporate practice o...
Fake or Real: I Can Respond to Negative Patient Reviews, with Jeff Segal, MD, JD
July 19, 2023 05:00 - 32 minutes - 29.6 MBOnline reviews have the power to shape and impact the reputation of a business. In this episode, ByrdAdatto Partner Jeff Segal, MD, JD joins us to share how health care practices can address negative patient reviews without violating patient privacy. We discuss HIPAA, risks associated with sending a Cease and Desist, and alternative approaches to de-escalate these situations. Tune in to learn how to safeguard your practice's reputation. Visit our website www.byrdadatto.com to learn more and ...
Fake or Real: ChatGPT Can Now Effectively Draft My Contracts
July 12, 2023 05:00 - 32 minutes - 29.5 MBThis season's theme is Fake or Real, and in each episode we will decipher common legal urban legends. In this episode, we share ChatGPT's attempt to generate a Physician Employment Agreement. ChatGPT and artificial intelligence in general have made a big impact, revolutionizing the way tasks are automated and information is processed. However, there are limitations when relying solely on artificial intelligence. Tune in for our discussion on potential pitfalls and challenges in relying solely...
Season 13 Preview
July 05, 2023 05:00 - 6 minutes - 5.98 MBIn this episode, host Michael Byrd and Brad Adatto reflect on Season 12 of the Legal 123 with ByrdAdatto podcast. The theme for this season was "The Hitchhiker's Guide to M&A," and we were joined by clients and industry leaders who shared their experiences with M&A deals. In the latter part of the episode, we provide a sneak peek of what's to come in Season 13, which will kick off on July 12th. Make sure not to miss it! Visit our website www.byrdadatto.com to learn more and to subscribe to t...
The Entrepreneurial Side of M&A with Nicole Chiaramonte
June 28, 2023 05:00 - 32 minutes - 29.3 MBIn the final episode of Season 12, we revisit a timeless episode featuring guest and long-time client Nicole Chiaramonte. Nicole made her first appearance on our show back in Season 4. Tune in for Nicole’s invaluable insights as a highly accomplished entrepreneur and prominent figure in the med spa industry. We discuss knowing the right time to seek help when embarking on a new business venture or acquiring an existing one. Visit our website www.byrdadatto.com to learn more and to subscrib...
Getting Your House in Order with Maven Financial Partners
June 21, 2023 05:00 - 32 minutes - 30 MBIn this episode, guests Jessica Nunn and Christin Trujillo of Maven Financial Partners discuss the different ways business owners can not only get their finances in order, but also understand what they mean. They share the important measurements businesses should focus on during each season of their business: building, operating, scaling and selling. Tune in as we highlight the importance of having a clear financial plan, the many benefits of good bookkeeping, and understanding your key perfo...
M&A Negotiations – Follow Your North Star
June 14, 2023 05:00 - 29 minutes - 27.4 MBHosts Michael and Brad share the story of a plastic surgeon who was ready to close his practice and retire, only to be approached by a private equity (PE) firm with an intriguing offer. Tune in as we dive into the negotiation side of M&A transactions. We discuss purchase price, employee retention, and the expectations PE firms have when acquiring a practice. You can read the Wall Street Journal study on happiness in America at https://www.wsj.com/articles/happiest-people-america-poll-ef7c854...
The Buyer Side of M&A with Cosmetic Physician Partners
June 07, 2023 05:00 - 32 minutes - 29.6 MBIn this episode of the Legal 123s with ByrdAdatto, we are joined by Daniel Schacter, CEO, and Sean Walsh, VP of Partnerships of Cosmetic Physician Partners (CPP). CPP, an alternative to private equity, is building a network of physician-led medical aesthetic clinics in the US. Daniel and Sean provide insights into the M&A process from the buyer's perspective, including challenges that slow down these transactions. Visit www.cosmeticphysicianpartners.com to discover more about Cosmetic Physic...
An Employees Perspective: Navigating the Sale of a Medical Practice
May 31, 2023 05:00 - 31 minutes - 28.7 MBIn this episode, we share the story of a physician who, only 10 months away from becoming a partner, learned the medical practice was being sold to a private equity (PE) firm. Although the physician was a top performer, he was not a partner yet thus missing out on the financial benefits associated with the sale. Additionally, the physician found themselves in the dark about crucial details about their employment until just four days before the deal's closure. Join us as we explore the challen...
M&A in the Med Spa Industry with Alex Thiersch
May 24, 2023 05:00 - 32 minutes - 29.3 MBIn this episode, hosts Michael and Brad welcome Alex Thiersch, founder of the American Med Spa Association (AmSpa) and Partner at ByrdAdatto. Join us as we explore the world of med spas, discuss the future of the industry and the impact of private equity. Alex shares his advice for med spa owners considering selling their business. Tune in for Alex’s unique insights on the state of the industry. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter....
Selling a Medical Practice Using the Sensei Plan
May 17, 2023 05:00 - 31 minutes - 28.9 MBIn this episode, we share the story of a senior physician looking to sell his practice using a common exit strategy, “The Sensei Plan.” With this plan in mind, the physician hired a younger physician and dedicated three years to mentoring and training. Years later, what was supposed to be a seamless transition became a series of complex negotiations. Tune in as we explore the role your exit strategy should play in all phases of an M&A sale. We discuss the critical terms to address before ente...
M&A Mistakes (and How to Avoid Them)
May 10, 2023 05:00 - 30 minutes - 27.8 MBWe talk a lot about the five phases of an M&A deal: the letter of intent (LOI), due diligence, the definitive agreements, closing, and post-closing. Each of these phases makes up the M&A process, and each serves a very important purpose. In this episode, we share what can happen when you stray away from this process and how to avoid these mistakes. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date o...