Physician Owned and Operated

Lexington Clinic is a private, for-profit organization, owned by its physician partners and governed by a physician board of directors.

Opportunity for partnership is available after one year. Class A Stock is voting stock and for those selected for ownership is normally purchased over the first three to six years of employment. For full-time physicians selected to become owners, two shares are purchased at the end of the first year, two shares at the end of the second year, and two shares at the end of the third year. The price of shares is $50 per share. The total allowable shares for any physician is six Class A Voting Shares. These voting shares are used to elect the Board of Directors and for any other stockholder's issues including by-law changes. The purchase is made through a salary deduction.

Partnership Criteria

1. Employed for at least twelve (12) months with Lexington Clinic.

2. Board certified in field of practice or board eligible per criteria of the specialty.

3. Off salary support for at least three (3) consecutive months or exhibiting appropriate practice growth.

4. Support of Head of Section:
    a. Meets all meeting attendance requirements
    b. Codes appropriately
    c. Turns in charge sheets promptly
    d. Medical records/communications acceptable
    e. Interacts with staff/physicians appropriately

5. Endorsement of Chief Medical Officer:
    a. Patient survey results acceptable
    b. Physician survey results acceptable
    c. No substantive complaints from staff, patients, or referring physicians
    d. No substantive malpractice claims
    e. Good effort to build practice (i.e., giving talks, involvement in medical society and/or
        hospital committees, involvement in community, visits to referring physicians, etc.)

6. Board Approval