Medical Timeshares Require More Than What You Learned in Kindergarten

• November 30, 2021

• Katy D. Carmical , Winstead PC
• Corinne S. Smith , Winstead PC
• Kevin M. Wood , Winstead PC

Health care providers frequently find that they have leased too much space and can reduce their overhead expense if they can enter into a partial sublease of their office space (commonly referred to as a “medical timeshare”) with another health care provider. This type of arrangement can also defray additional overhead expense if it includes the time and services of the health care provider’s administrative and clinical staff as well as use of equipment. For a single physician who is just starting her practice or looking for a part-time second location, a medical timeshare within another practice is very appealing and certainly preferable to entering into a speculative lease arrangement.

ARTICLE TAGS

• Hospitals and Health Systems Practice Group
• Health Care Finance and Transactions