Article

Surgery Center Investment Offer; cash down, balance in escrow

Provided by:  Jennifer Kirschenbaum, Esq.

October 17, 2019

Question:

Jennifer, 

I have an opportunity to invest in a center and I have to put $10,000 down and rest in escrow waiting for state approval.   Should I do it? 


Thanks, 
Dr. O 


Answer:

Okay, just a minute...  I need to see the contract.  If you do not have a contract, none presented, answer is easy.  NO.  Hard pass.   

If you have a contract to show me, how much are you being offered? Have you confirmed the value of the center? Is there debt on the center? Is the down payment recoup-able if for some reason the state does not approve you?  

A lot of questions... and all are fact/contract specific. This is a great list serve question because it shows a situation we need to flag.  But, this is as far as I can take the answer with the facts provided.  I need to see the contract and hear more specifics to get to yes or no.  Right now I’m at maybe...  


Looking for the KK Healthcare Exchange?  Click Here. 

MISSED OUR RECENT WEBINARS?  CLICK HERE ANYTIME!
Looking for HIPAA and compliance forms?  
Click here to visit our website.
Have a question or comment for Jennifer?
Contact Jennifer at Jennifer@Kirschenbaumesq.com or  at (516) 747-6700 x. 302.
Interested in having Jennifer speak at an event or
at a residency/fellowship program?
Contact Jennifer directly at (516) 747-6700 x. 302 or at Jennifer@Kirschenbaumesq.com
Click here to learn about
K&K's Prepaid Legal Audit/Investigation Defense Now!
Surgery Center Investment Offer; cash down, balance in escrow -Jennifer Krischenbaum-October 17, 2019

Article

Surgery Center Investment Offer; cash down, balance in escrow

Provided by:  Jennifer Kirschenbaum, Esq.

October 17, 2019

Question:

Jennifer, 

I have an opportunity to invest in a center and I have to put $10,000 down and rest in escrow waiting for state approval.   Should I do it? 


Thanks, 
Dr. O 


Answer:

Okay, just a minute...  I need to see the contract.  If you do not have a contract, none presented, answer is easy.  NO.  Hard pass.   

If you have a contract to show me, how much are you being offered? Have you confirmed the value of the center? Is there debt on the center? Is the down payment recoup-able if for some reason the state does not approve you?  

A lot of questions... and all are fact/contract specific. This is a great list serve question because it shows a situation we need to flag.  But, this is as far as I can take the answer with the facts provided.  I need to see the contract and hear more specifics to get to yes or no.  Right now I’m at maybe...  


Looking for the KK Healthcare Exchange?  Click Here. 

MISSED OUR RECENT WEBINARS?  CLICK HERE ANYTIME!
Looking for HIPAA and compliance forms?  
Click here to visit our website.
Have a question or comment for Jennifer?
Contact Jennifer at Jennifer@Kirschenbaumesq.com or  at (516) 747-6700 x. 302.
Interested in having Jennifer speak at an event or
at a residency/fellowship program?
Contact Jennifer directly at (516) 747-6700 x. 302 or at Jennifer@Kirschenbaumesq.com
Click here to learn about
K&K's Prepaid Legal Audit/Investigation Defense Now!