Medical Practice Higher Using Last Year's Earnings Versus Normalized Earnings

Business Valuation UpdateVol. 9 No. 5
Legal and Court Case Update
May 2003

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8011 Offices and Clinics of Doctors of Medicine
621111 Offices of Physicians (except Mental Health Specialists)
marital dissolution/divorce
goodwill
Goswami v. Goswami
152 Ohio App. 3d 151, 2003 Ohio 803, 787 N.E.2d 26, 2003 Ohio App. LEXIS 760
February 20, 2003
US
State Court
Ohio
Court of Appeals
Diana Kennon, CPA (for wife); James F. Kacsmar, CPA (for husband)
Waite

Summary

In valuing the husbands medical practice, both experts used the capitalization of income approach and the same cap rate.

See Also

Goswami v. Goswami

Full Text of Court Cases
February 20, 2003

The trial court performed its own valuation of husband's medical practice, which was higher than both experts values. The court of appeals affirmed.