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CLIENT ALERT: One Room Surgical Practices Now Required to be Licensed as Ambulatory Care Facilities

Prior to leaving office, Governor Chris Christie signed into law a bill (A-4995/S-287) requiring licensure of one room surgical practices in the state of New Jersey. Existing surgical practices registered with the New Jersey Board of Medical Examiners will now be overseen by the New Jersey Department of Health (the Department) and must apply to the Department for licensure as an ambulatory care facility within one year of the enactment...

Frier Levitt Assists Remote Buyer in the Purchase of a New York Pharmacy

Frier Levitt recently assisted a remote, individual Buyer in the purchase of a pharmacy located in Brooklyn, New York. The purchase was the Buyer's first pharmacy in the tri-state area. The transaction, with total value of approximately $300,000.00, included many last-minute obstacles which Frier Levitt was able to work through with Seller's counsel in order to save the deal and have the closing come to fruition. The transaction required negotiation...

Frier Levitt Helps Seller Complete Over $3MM Pharmacy Transaction

Frier Levitt recently provided counsel on the sale of three pharmacy locations, office and warehouse space, and a Durable Medical Equipment provider, located in New York. The total value of the transaction was over $3MM. This complex transaction involving five purchasers consisted of multiple smaller transactions, ranging from lease assignments to surrender and reissuance of stock in various companies. As with all pharmacy transactions, special attention was required to assure...