Restructuring a Medical Group for Growth

We assisted a Southern California medical group consisting of internal medicine physicians and nephrologists in connection with restructuring their general partnership for succession planning.

The project entailed creating two separate classes of partnership units, amending and restating the partnership agreement, and working through various operational issues to ensure compliance with applicable corporate and healthcare laws.  With our assistance, the medical group has been able to grow and admit new partners to its ranks, while keeping certain rights and benefits for the founders of the group.