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In the event that a center is developed in a state that requires
a Certificate of Need (CON), we will be responsible for the CON
filing and will pay all payroll and travel expenses associated
with this activity. Typically this requires us to absorb thousands
of dollars in expenses related to the application process, including
market research, interaction with state agencies, travel, and administrative
services.
Fees for outside consultants and filing fees required to complete
the application will be split amongst the partners, based on their
percentage of ownership. The total cost for these services is typically
between $30,000 and $50,000. However the CON application process
and the costs associated with it vary from state to state. Actual
costs could be above or below the range of typical costs.
In the unlikely event that a CON application is denied, the partners
will only be responsible for paying their share of the fees charged
by outside service providers and the filing fees.
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