Companies in the health care sector often grow through acquiring small niche businesses, and JMBM regularly serves as legal counsel in such deals. For example, we advised on the sale of a neonatal physician group practice based in Lancaster, Calif., to Pediatrix Medical Group, Inc., (NYSE: PDX), a leading provider of neonatal, fetal and pediatric subspecialty physician services.
Our client joined the 860 doctors and 350 nurse practitioners in 32 states that work with Pediatrix. The sale involved an usual tax issue concerning how much goodwill belongs to the professional corporation versus its sole physician shareholder.
We also served as legal counsel to Intravenous Therapy Services, a home infusion pharmaceutical provider, in the sale of the company to BioScrip, Inc., where it operates under publicly held BioScrip’s infusion division.