Practical, unbiased writing on ownership, exit paths, group partnerships, and the questions everyone asks but few answer honestly. Written by the people you'd actually talk to at Bluetree.
A buyer says "we will do a QoE, offer a multiple on adjusted EBITDA with a working capital peg, and want you to roll 20 percent." That was one sentence. Here is what all of it means.
A recruiter says "we offer a guaranteed base with production bonus above threshold, 401k with vesting, occurrence-based malpractice, and a partnership track after year two." Six terms in one sentence. Here is what each one means for your take-home.
You get an LOI. You sign it. The buyer wants to do due diligence. What is that, exactly? Most owners have never been through it. Here is what to expect, in plain English.
You are evaluating group offers. One says $180K plus bonus. Another says 32% of production. Which is best? The honest answer depends on things nobody in the interview will tell you.
Every associate eventually asks the same question: open your own practice, or join a group? Both paths get pitched hard. Both leave out the parts that matter most. Here's the real math on each.
Every practice owner eventually asks the same question. Whatever you end up doing, doing it with a clear head is worth more than most of the details. Here's how to get there.