Medical partnerships, transfers, and assistantships / by William Barnard and G. Bertram Stocker.

  • Barnard, William, 1856-1935.
Date:
1895
Catalogue details

Licence: Public Domain Mark

Credit: Medical partnerships, transfers, and assistantships / by William Barnard and G. Bertram Stocker. Source: Wellcome Collection.

    17/302
    MEDICAL PAETNEE8HIPS, TEANSFEES AND ASSISTANTSHIP8. PART I. The Agreements, and Practical Notes thereon. ■ CHAPTER I. VALUE OF PRACTICES. Before proceeding to discuss the forms of agreement, it is desirable to say a few words as to the mode of arriving at the value of a medical practice or partnership, and as to the capital which it is necessary for a purchaser to have at command in order to make a fair start. The most important points to he taken into considera- tion in determining the value of a practice or partnership are the class and size of the practice, the rate of increase or decrease in the profits, the scope, the working expenses, opposition, transferability, length of introduction, locality, social surroundings, educational advantages, house, distance from London, and the vendor’s reason for selling. Not a little also de]3ends upon the state of the market at the time when the practice is offered for sale. Speaking generally, and leaving out of account very small practices, the value of a practice may be said to range from half a year’s purchase to two years’ purchase, and of a partnership from one to three years’ purchase. The higher limit can of course only be obtained when the conditions are extremely favourable. The value of a practice when no introduction in the c. B
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