Re: selling my prosthetic practice

James Mc Coy, C.P., L.P., FAAOP

Description

Title:

Re: selling my prosthetic practice

Creator:

James Mc Coy, C.P., L.P., FAAOP

Text:

Hello everyone,

First of all, I want to thank everyone for their kind and sympathetic words.

Secondly, from some of the responses, it appears that there has been some
misunderstanding regarding my situation and /or my future intentions. I will
try to provide some clarification. I have no intention of leaving the O & P
profession anytime soon. I am only forty-two years old and still have another
twenty plus years to go. I plan to sell my practice because I no longer have
the desire or need to make ALL of the decisions ALL of the time. In all
likelihood, I will remain with whatever entity purchases the practice. That of
course, depends on what the new owner wishes to do.

In fact, a large part of my decision to sell the practice was based on my
desire to focus more of my time, energy, and attention on the clinical aspects
and less time, energy, and attention on the other aspects of O & P. I spent a
great deal of time, energy, & money to earn the credentials of a
practitioner, and I believe that is what I do best. When I started the practice in 1992
at the age of twenty-nine, my wife and I lived in a tiny mobile home and
drove vehicles that were old and paid off. We had no children, and we were able
to focus on first establishing, and then growing the practice. We became
parents in 1996 and our priorities changed. We moved into a larger home in 1997,
and had a second daughter in 1998. Larger, newer vehicles soon followed.
Although the practice continued to grow, it was no longer my focus. It has had
stable revenues for the past ten years and has provided me with a very good
income. It is simply time for me to relinquish the ownership responsibilities to
someone else and focus on my clinical skills and my family.

When you own a practice, you never leave it. You eat, drink, think,
sleep/dream your practice. I am looking forward to leaving it behind when I head home
for the day and focusing more of my time, energy, and attention on my family
and continuing my education. I plan to eventually extend my credentials to
include C.O. and L.O. I will earn those credentials the old fashioned way by
fulfilling the current ABC requirements and the requirements for the state of
Texas. Those of you who know me will understand why. Those of you who do not
understand why or cannot understand why, probably never will.

Those of you who are seriously interested, please include your contact
information in addition to your name and/or company. I will start responding to
serious inquiries next week.

Thank you,

James Mc Coy, C.P., L.P., FAAOP
PROFESSIONAL PROSTHETICS
8637 FREDERICKSBURG ROAD, SUITE 131
SAN ANTONIO, TEXAS 78240
FAX # 210 690 2179

                          

Citation

James Mc Coy, C.P., L.P., FAAOP, “Re: selling my prosthetic practice,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 1, 2024, https://library.drfop.org/items/show/224216.