Legal 123s with ByrdAdatto

In this episode, hosts Brad and Michael, and series regular Jay Reyero share the story of a reconstructive plastic surgeon who joined a cosmetic surgery practice. Although initially excited about the opportunity, he soon encountered unexpected challenges as the practice shifted from a cash-based model to accepting insurance for his procedures. Tune in as we explore the complexities of in-network v...

In this episode, hosts Brad and Michael share the story of a Harvard-trained psychiatrist who used the Twitch platform to tackle mental health challenges in the gaming community. Tune in as we explore the legal and ethical considerations that arise when professionals engage with the public online, including social media. Learn how to navigate the physician-patient relationship, understanding when...

In this episode, hosts Brad and Michael share the story of a tech-savvy plastic surgeon who embraced AI to streamline patient communication and lead generation. What started as a cutting-edge solution quickly turned into a legal and ethical dilemma. Discover compliance pitfalls of using AI in health care, including the importance of transparency in patient communications and balancing technology w...

In this episode, hosts Brad and Michael share the story of a plastic surgeon who faced compliance challenges after adding a new laser device to his practice. Discover the pitfalls he encountered, including understanding state rules for supervision, figuring out who can perform certain procedures, and navigating the corporate practice of medicine (CPOM). Tune in for practical tips to stay compliant...

In this episode, hosts Brad Adatto and Michael Byrd are joined by David Mandell, Partner at OJM Group. David brings his unique perspective as both an attorney and wealth advisor to share tips for life after selling a medical practice—especially how to handle a large cash payout. Learn how to manage your money effectively, protect your assets, and avoid investment mistakes physicians often make. Tu...

In this episode, hosts Brad and Michael are joined by Ben Hernandez, CEO and Managing Director of Skytale Group. Ben shares the latest trends in health care M&A and offers insights into what to expect when buying or selling a practice. Explore the best time to start planning your sale, how single-surgeon practices can navigate today’s competitive environment, and how to prepare for life after...

In this episode, hosts Brad and Michael share the story of a dentist who left his corporate job, only to get in over his head after rushing into buying a dental practice. Pressured by a business broker, he skipped the necessary due diligence and ended up facing outdated systems and growing debt. Tune in as we explore the risks of jumping into business deals too quickly and how competing interests...

In this episode, hosts Brad and Michael share the story of a radiologist whose plans to sell his practice were derailed when his business partner sued him. We illustrate the importance of reviewing contracts, ensuring compliance, and resolving potential disputes before going to market. Tune in for practical advice on managing risks, maintaining momentum during legal challenges, and salvaging trans...

In this episode, Brad and Michael, and guest Jay Reyero, share the story of a plastic surgeon’s journey to sell his practice, with hopes of slowing down and focusing on surgery for the last part of his career. While he found multiple interested buyers, only one met his expectations. However, delays and funding issues led to a postponed closing date, raising concerns about the deal's future. Tune i...

In this episode, hosts Brad and Michael share the story of a failed M&A deal between an entrepreneur and a potential buyer. Their already rocky relationship worsened when one party repeatedly withheld information during the due diligence phase. Learn how dishonesty can derail negotiations and lead to the collapse of your deal. Tune in for insights into what went wrong and how you can maintain...

In this episode, hosts Brad and Michael take you behind the curtain of an M&A deal. They share the story of two physicians who wanted to buyout the absentee owner of the practice. A harmonious deal between both parties was quickly soured by one attorneys aggressive negotiation tactics. Learn how unchecked emotions can impact deals, why attorney-client alignment matters in negotiations, and how...

In this episode, hosts Brad and Michael share how a plastic surgeon’s eagerness to sell his practice backfired when he announced the sale to his team too soon. This caused key staff to leave and the deal to collapse overnight. Learn when and how to communicate the transition to your team, so you can retain top talent and keep operations steady post-sale. By following these best practices, you will...

In this episode, hosts Brad and Michael, along with guest Jay Reyero, share the story of a primary care doctor ready to take a major step in her career by acquiring a practice. She targeted what seemed like an ordinary practice, and both doctors opted for a simple transaction. However, the complexities of M&A deals often surface unexpectedly. Tune in as we explain how these complexities can ac...

In this episode, hosts Brad and Michael dive into the story of an OBGYN who entered into a "Wall Street" deal when he sold his growing fertility clinic to a private equity group. What initially appeared as the perfect opportunity for expansion soon revealed challenges post-sale. Learn the underlying obstacles sellers face in these transactions, from adjusting to someone else controlling your busin...

In this episode, hosts Brad and Michael share the story of a doctor who received an unsolicited offer from a private equity group to buy her practice. This offer seemed like the perfect solution to the operational challenges she was facing. However, the promising opportunity quickly revealed risks threatening her practice’s stability. Discover the hidden pitfalls of unsolicited offers and the impo...

Join Brad and Michael as they kick off Season 18 of the Legal 123s with ByrdAdatto! In this episode, we share the story of two dedicated doctors looking to combine their small practices to boost profits by selling to private equity. While merging practices may seem beneficial, superficially doing so can create serious risks that threaten the deal. Tune in to learn how to legitimize your merger by...

In this episode, hosts Brad and Michael reflect on Season 17 of the Legal 123 with ByrdAdatto where we focused on helping tackle the challenges of scaling your business. Join us as we recap the season and give you a sneak peek of what's to come in Season 18, which kicks off October 9th. Don’t miss out!   Watch full episodes of our podcast on our YouTube channel: https://www.youtube.com/@byrdadatto...

In this episode, hosts Brad and Michael explore how joint ventures can serve as a powerful tool for growing your medical practice. They discuss the benefits of accessing new resources and patient bases while addressing challenges like aligning different organizational cultures. Discover how identifying operational, financial, and compliance issues early on can support a smooth transition into a pa...

In this episode, hosts Brad and Michael discuss a physician’s experience with adding a new partner to his practice. Learn about the challenges he encountered and how careful vetting and planning can help you avoid common pitfalls. Tune in for insights to help you expand your team and scale your practice successfully.   Watch full episodes of our podcast on our YouTube channel: https://www.youtube....

In this special live recording, Brad and Michael sit down with former CIA Analyst and author David McCloskey. David offers a glimpse into his career in the CIA and shares the communication techniques he learned along the way. Tune in for a conversation on how the art of communication and storytelling can enhance your daily life—at work and at home.   Learn more about David McCloskey and his other...

Neglecting compliance while expanding your med spa can lead to costly consequences. In this episode, hosts Brad and Michael reveal the risks of prioritizing growth over compliance. Discover the challenges of expanding a practice to new states and state-specific requirements. Tune in for strategies to keep your practice compliant and understand why this is crucial for your business’s long-term succ...

Considering adding weight loss services to your practice? Your patients already know the benefits—now it is time to stay ahead of the curve. In this week’s episode, board-certified plastic surgeon Dr. Johnny Franco shares his experience scaling a practice with weight loss services. Tune in for insights on various weight loss drugs available, the FDA Shortage List, compounding, and more. Discover w...

In this episode, hosts Brad and Michael are joined by Annie Hockey, Head of Consulting at Skytale Group. With over 10 years of experience, Annie shares her experience developing strategic financial plans that support successful scaling. Tune in to discover how efficient systems, the right team, and a deep understanding of internal cash flow can enhance your scaling strategy. Get practical financia...

In this episode, hosts Brad and Michael are joined by Mary Beth Hagen, the CEO and founder of Titan Aesthetic Recruiting. Mary Beth combines her education, training, and industry insights to help injectors and aesthetic practices grow without compromising ethics or patient outcomes. Learn proven strategies for attracting and retaining top talent, key considerations for scaling from both the patien...

In this episode, Brad and Michael welcome back ByrdAdatto partner Jay Reyero. Jay shares the challenges a med spa group encountered while expanding their California practice across multiple states using one professional entity. Discover the essential state laws and regulations to consider for national expansion, and understand the risks associated with managing multi-state practices under one enti...