Garman v. Garman
Court rejects doctor’s claims that by departing from medical practice just before divorce, his $15,000 buy-sell payout limits practice value, crediting instead a net asset value, adjusted for routine quarterly bonuses.
Monaco v. Stewart
Kentucky court finds personal goodwill value of the husband’s 25% interest in a regional anesthesiology practice to be negligible.
Salumbides v. Salumbides
Divorce court values medical practice based solely on accounts receivable, largely due to lack of evidence and cooperation from owner-spouse.
Georgia Adopts Majority Rule on Dividing Professional Practice Goodwill in Divorce
Georgia Supreme Court adopts majority rule regarding disposition of goodwill value of professional practice.
U.S. Renal Care v. Jaafar
Texas Court reverses $750,000 jury award for value of patient account receivables for lack of reliable expert evidence, including faulty assumptions and failure to review underlying patient and payer data.
Analyzing Healthcare AR: Reviewing Underlying Patient Data Is Critical, Court Says
Texas Court reverses $750,000 jury award for value of patient account receivables for lack of reliable expert evidence, including faulty assumptions and failure to review underlying patient and payer data.
Miller v. Miller
Georgia Supreme Court adopts majority rule regarding disposition of goodwill value of professional practice.
Critique of Opponent’s Report Boosts Credibility of Expert’s Medical Practice Valuation
Trial court appropriately values three rural medical practices and imaging center at $780,000 based on expert testimony that includes marketability discount and excludes professional goodwill.
By Withholding From the Wife’s Expert, Husband Ends Up Hurting His Own
Appellate court upholds $553,000 valuation for medical practice based on trial court’s finding that by withholding financial information from wife’s expert, husband ended up discrediting his own expert’s valuation.
Hissa v. Hissa (II)
Appellate court upholds $553,000 valuation for medical practice based on trial court’s finding that by withholding financial information from wife’s expert, husband ended up discrediting his own expert’s valuation.
Divorce Court Confirms Method, Data to Calculate Goodwill in Med. Practice
Kentucky appellate court remands case for consideration of enterprise versus personal goodwill components in a medical practice, pursuant to just-passed case that conforms with majority rule on the division of professional practice goodwill in divorce.
Gupta v. Gupta
Trial court appropriately values three rural medical practices and imaging center at $780,000 based on expert testimony that includes marketability discount and excludes professional goodwill.
Texas Divorce Court Gives Doctors Rx for Limiting Practice Value to Buy-Sell
Texas court holds unsigned buy-sell agreement controls value of husband’s medical practice, a privately held professional association, in divorce.
Medical Practice Valuations: Three Current Divorce Cases Spotlight Difficult Issues
Three recent decisions highlight the constant challenges of appraising physician and dental practices in divorce, everything from doctors who won’t disclose their finances to those who insist their opinions determine value.
Mandell v. Mandell
Texas court holds unsigned buy-sell agreement controls value of husband’s medical practice, a privately held professional association, in divorce.
Amaraneni v. Amaraneni
Court finds doctor/husband has no professional goodwill in his urgent care clinic, when it is not an extension of his medical practice and he provides no regular, specific services there.
Garcia v. Garcia
Divorce court finds restrictive shareholder agreement not binding on valuation of medical practice, although question of discounts due to restrictions depends on particular facts of the cases.
Flawed Medical Practice Determination Shows Difficulties of Trial Process
In the Brown divorce, the husband owned an OB/GYN practice where the wife worked part-time to help with accounting. At trial, only the wife presented expert testimony from a CPA with experience appraising businesses and medical practices. He analyzed five years of accounts receivable, concluding the practice was worth nearly $98,000. The husband testified that the receivables were only 10% collectible, however, essentially placing a value on his practice of just under $9,800. The wife also testified that, as part of ...
More Thorough Medical Practice Valuation Includes Goodwill and Other Assets
Trial court finds medical practice valuation that includes goodwill more persuasive, when the firm had been in business more than 50 years and had three locations.
King v. King
Kentucky appellate court remands case for consideration of enterprise versus personal goodwill components in a medical practice, pursuant to just-passed case that conforms with majority rule on the division of professional practice goodwill in divorce.
Doctor Tries to Avoid Divorce Valuation of Practice in Shareholder Dissolution Suit
Court and expert witnesses debate meaning of “book value” of medical practice in buy-sell provision and whether or not the term is net of liabilities.
Brown v. Brown
Trial court’s determination of medical practice value in divorce fails for lack of sufficient evidentiary findings ...
Pearlstein v. Pearlstein
Trial court finds medical practice valuation that includes goodwill more persuasive, when the firm had been in business more than 50 years and had three locations.
Gremillion v. Nashville Gastrointestinal
Court and expert witnesses debate meaning of “book value” of medical practice in buy-sell provision, and whether or not the term is net of liabilities.
Valuation Challenged on Benchmark Data, Goodwill, and Productivity
Challenge to medical practice valuation focuses on physician productivity, goodwill, benchmark data, and normalized earnings adjustment.