Does anyone have working knowledge (perhaps some reading material as well) on what is required to acquire a medical practice w/o having a licensed physician on the cap table? I believe this would entail establishing a "Management Services Organization" to act as the acquiring entity, but that's the extent of my awareness on the topic. My guess is that this varies by state.

I know of a couple different search funds that have acquired medical practices (dental and eye care), but I'm not sure if they set up a MSO.

Thanks in advance!