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I Bought His Private Practice.
Authors:Samuels   Richard M.
Abstract:In 1975 I enjoyed a full-time faculty position at the New Jersey Medical School. I held a joint appointment in the Departments of Psychiatry and Obstetrics/Gynecology and was involved in the development of the Human Sexuality Program. In addition to my duties at the Medical School, I conducted a small, part-time private practice, seeing patients in my office at the Medical School and occasionally borrowing a friend's office in a suburban town. This arrangement is probably familiar to many neophyte practitioners. Through my work in the Human Sexuality Program of the New Jersey Medical School, I was in charge of conducting weekend "Sexual Attitude Reassessment Seminars." At the suggestion of a senior psychologist, I invited a well-known New Jersey psychologist and the then-acting Dean of the Organizing Council for the College of Professional Psychology, a forerunner of the Graduate School of Applied and Professional Psychology at Rutgers, as a guest. We felt that his presence would be good publicity for our program. It was during this weekend that I was first approached by him with an offer to buy his practice. At the time of the purchase offer, I knew of no other psychologist who had bought a private practice. For details of the contract and purchase process, see the article by Robert Weitz (see record 2005-09169-002). For the young psychologist genuinely interested in developing a private practice, I would recommend seeking a seller. The choice of the seller, of course, is most important. In my case, it was an excellent choice. (PsycINFO Database Record (c) 2010 APA, all rights reserved)
Keywords:clinical psychological services   purchase of private practice from retiring psychologist   business processes   development of private practice
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