What percentage of ownership interest must be approved by the Board for a transfer in a chiropractic facility?

In Massachusetts, the Board of Registration in Chiropractic requires that any transfer of ownership interest in a chiropractic facility that exceeds a certain percentage must be formally approved by the Board. This is to ensure that the ownership change does not adversely affect the quality of care provided to patients and adheres to the regulations governing chiropractic practices in the state.

In this case, the correct percentage requiring approval is 10%. This regulation ensures that the Board can evaluate and maintain oversight on ownership transfers, which is crucial for upholding professional standards within the chiropractic field. By requiring Board approval for such significant ownership changes, it helps to mitigate risks associated with unqualified individuals potentially taking over ownership and affecting the practice's operation and patient care.