The Two Doctor Practice in Georgia

The Challenge

A two doctor Endo practice had an offer in hand from an Endo only group. The practice owner really liked this DSO and really wanted to partner with them. We knew that without exploring more options, he didn’t have a chance to find their best partner. And we knew without a bidding contest they wouldn’t realize a fair value for part of their practice. So we convinced them to take a broader look and investigate several great IDSOs looking for new partnerships.

The Solution

LPS created a six bidder contest to buy into this practice. We were especially proud of the fact that the two multispecialty groups we brought in were the high bidders. The doctor got $2.0 million more, net of the LPS fee, from the group he wanted originally. We paid for ourselves many times over.