Raleigh, North Carolina — McCormick Law & Consulting is pleased to announce the successful closing of a $9 million physician practice sale handled through the firm’s Raleigh, North Carolina office. The transaction involved a highly structured sale incorporating a tax-efficient F reorganization, rollover equity into the parent company, and the implementation of an ongoing Management Services Agreement (MSA) designed to support long-term operational and financial alignment between the parties.
The transaction involved a single physician owner, while also requiring coordination across multiple stakeholders, including management entities, lenders, investors, and regulatory advisors. The deal structure was designed to preserve operational continuity, facilitate the physician’s ongoing participation through rollover equity, and optimize tax positioning and post-closing management efficiency.
John McCormick served as co-counsel on the transaction, working collaboratively with another North Carolina-based law firm to successfully navigate the legal, regulatory, tax, and transactional complexities required to close the sale. The cooperative approach between firms allowed the parties to efficiently resolve structuring challenges and meet an accelerated closing timeline.
“This transaction reflects the type of sophisticated healthcare and physician practice work our firm is built to support,” said John McCormick. “Complex physician practice transactions require not only technical legal knowledge, but also practical coordination between tax, corporate, healthcare regulatory, and operational considerations. We were proud to work alongside strong North Carolina counsel to help bring this transaction across the finish line.”
McCormick Law & Consulting continues to expand its presence in healthcare transactions, physician employment agreements, practice acquisitions and sales, and management services organization structuring.
COMING SOON: Med Contract Law — A Dedicated Division Focused on Protecting Physicians and Their Practices
Building on its growing physician transaction and contract practice, McCormick Law & Consulting will soon launch Med Contract Law, a specialized division dedicated to representing physicians and physician-owned practices in high-stakes contracts, business transactions, and practice structuring decisions.
Med Contract Law is being built specifically for physicians navigating critical career and business milestones. The division will focus on physician employment and compensation negotiations, physician-side representation in private equity and strategic practice sales, MSO and MSA structuring from the physician and practice perspective, partnership and buy-in/buy-out arrangements, and protecting physician autonomy, compensation structure, and long-term practice value.
The division is grounded in the understanding that physicians often face complex transactions against larger institutional counterparties and require legal counsel that not only understands healthcare regulations, but also understands the business, financial, and career implications unique to physicians and physician owners.
The launch reflects McCormick Law & Consulting’s continued investment in physician-focused legal services designed to help physicians preserve control, maximize enterprise value, and make informed decisions about the future of their practices and careers.
Additional details regarding Med Contract Law’s official launch, service offerings, and rollout will be announced soon.