Straight Talk. Effective Solutions.®
Healthcare Attorney • Partner at PFS Law
Partner, Business Practice Group
Partner, Business Practice Group
Partner, Business Practice Group
Neal T. Goldstein is a partner in the firm’s Business Practice Group, where he heads up the firm’s healthcare practice. Prior to becoming a lawyer, Neal worked for two years as a Certified Public Accountant in the audit department of a Chicago accounting firm.
In his corporate practice, Neal represents companies doing business in health care, manufacturing, distribution and real estate. For those companies, Neal provides counsel on mergers and acquisitions, succession planning, ownership structuring, and general corporate law and business matters.
As a healthcare practitioner, Neal’s niche is representing physician groups as their corporate and transactional counsel. In his career, Neal has handled over 100 transactions involving physician practice mergers, acquisitions, dispositions and formations. He is recognized nationally as a go-to lawyer for physician related matters. This is due in no small part to Neal’s expertise on healthcare fraud and abuse laws. How Neal developed that expertise is a story that speaks to Neal’s approach to lawyering: break down the complex, and be thorough. Here is that story.
In the early 2000s, the government began enacting regulations under the Federal Physician Self-Referral Law, also known as the Stark Law. The published Stark rules were lengthy and complicated, covering the equivalent of over 500 pages. Neal studied those rules the way he studied for the CPA and law school exams – he outlined the content. Neal invested hundreds of hours over many months on this project. As the outline began taking shape, Neal realized that it read like a lesson plan for a law school course. This gave him an idea. Wanting to give back to the profession, Neal offered to teach a course on Stark at his alma mater, Loyola Law School of Chicago. It did not take Loyola long to accept the offer.
Neal taught his Stark course at Loyola Law’s Beazley Institute for Health Care Law and Policy for 9 years. At the time, Neal’s class was the only course, among law schools in the Midwest, devoted strictly to Stark. In the last few years of teaching the class, Neal expanded the course to cover the Anti-Kickback Statute and the False Claims Laws. The knowledge and insights Neal gained from developing and teaching his course has proven to be invaluable for his clients.
Neal strives to make a difference in the community. He has served on the Boards of numerous non-profit organizations, including Mt. Sinai Hospital, the Anti-Defamation League, and Jewish Child and Family Services.
Neal has been recognized by Nightingale’s Healthcare News as one of the country’s “Outstanding Physician Practice Lawyers.” He has spoken and written on a variety issues relating to health law and the business of healthcare.
Having grown up on the north side of Chicago, Neal is and forever will be a die-hard Cubs fan. He and his loving and patient wife Nancy have 4 children (who are also Cubs fans) and are the doting owners of two Goldendoodles.
Loyola University Chicago School of Law
J.D., 1989
University of Illinois Urbana-Champaign
B.S. Accountancy, 1984
Illinois (1989)
Serves or has served as outside corporate counsel for physician groups practicing in orthopaedics, urology, podiatry, rheumatology, cardiology, general surgery, dermatology, ophthalmology, otolaryngology, pediatrics, concierge medicine, internal medicine, radiology, and OB/gyne.
For those physician groups, developed Stark compliant structures for ancillary services in physical therapy, MRI and other diagnostic imaging, pathology lab, radiation oncology, drug dispensary and durable medical equipment.
Formed Illinois Bone and Joint Institute and Uropartners, and other large groups practicing in OB/gyne, dermatology, and radiology.
Structured groups practicing in pediatrics, concierge medicine, internal medicine, concierge medicine, general surgery, pediatrics, OB/gyne, otolaryngology, rheumatology, and cardiology.
Handled close to 100 practice acquisitions, dispositions and mergers in the medical field as well as dentistry.
Represented provider groups in the sale to private equity backed practices, including Midwest Imaging Partners sale to Radiology Partners, Uropartners sale to Solaris Health Partners, Weil Foot & Ankle sale to Balance Health, Occu-Sport Physical Therapy sale to Accelerated Rehabilitation, Acadia Women’s Health sale to Olympus Cosmetic, and Advanced Consultants in Pain Care sale to Tricity Pain Associates.
Represented many surgeons investing in or being bought out of surgery centers. Also served as outside corporate counsel to surgery centers.
Regulatory and other healthcare experience:
Labor & employment experience:
Want to discuss a specific matter?
Loyola University Chicago School of Law
J.D., 1989
University of Illinois Urbana-Champaign
B.S. Accountancy, 1984
Illinois (1989)
Loyola University Chicago School of Law
J.D., 1989
University of Illinois Urbana-Champaign
B.S. Accountancy, 1984
Illinois (1989)
Real conversations with physicians, advisors, and operators on what it actually takes to run a thriving group practice. New episodes weekly.

Neal breaks down the federal Stark Law — the prohibition on physician self-referrals — using the same framework he taught for nine years at Loyola Law School. A clear, structured walkthrough of one of the most consequential statutes in healthcare.

Most physicians selling to PE focus on the upfront cash, indemnities, and non-competes. They miss what often matters more: the rollover equity and employment terms. Neal walks through what to scrutinize in both — and why physicians’ interests diverge based on career stage.

Neal interviews Dr. Richard Harris, founding member and longtime CEO of Uropartners, on building one of the nation’s premier independent urology groups. The challenges of merging 11 competing practices into one, the ancillary strategy, and the leadership principles behind the success.
Loyola University Chicago School of Law
J.D., 1989
University of Illinois Urbana-Champaign
B.S. Accountancy, 1984
Illinois (1989)
“Outstanding Physician Practice Lawyer”
— Nightingale’s Healthcare News
“AV® Peer Review Rated”
— Martindale-Hubbell
“Designated Super Lawyer®”
— 2007, 2010 – 2021, 2025
Additional accolades and recognitions will be added as Neal continues his work in healthcare law.
Loyola University Chicago School of Law
J.D., 1989
University of Illinois Urbana-Champaign
B.S. Accountancy, 1984
Illinois (1989)
Neal practices as a partner at Patzik, Frank & Samotny Ltd. — a Chicago-based business law firm founded in 1991, known for sophisticated counsel and a straightforward, common-sense approach. The full bench of PFS attorneys — across business, finance, real estate, employment, IP, litigation, and tax — supports every Neal Goldstein engagement, providing depth that solo practitioners simply cannot match.
Straight Talk. Effective Solutions.®