MBI Medico: Medical Practice Brokers Serving MD's, DO's, DPM's, OD's, PT's & DC's
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Privacy Policy for MBI Medico
Last Updated: 10/4/2024
At MBI Medico Business Intermediaries (“MBI,” “we,” “us,” or “our”), we value your privacy and are committed to protecting the personal and business information you share with us. This Privacy Policy outlines how we collect, use, disclose, and protect your personal information when you visit or interact with our platform, which connects clients, users, sellers, and buyers with independent business intermediaries in the medical practice brokerage industry. By using our platform and services, you agree to the terms outlined in this Privacy Policy. Information We Collect We collect personal information from you in the following ways: Information You Provide When you register, create an account, or interact with our platform, you may be asked to provide certain personal details, including but not limited to: Name, Email address, Phone number, Business name, Billing and payment information, Medical practice details (if applicable), and Preferences related to services or business transactions.
Sharing of Personal and Business Information with Third Parties Clients and users understand and agree that, in connection with facilitating a medical practice sale or other business transaction(s), MBI Medico may share personal or business information with third parties as necessary. These third parties may include, but are not limited to, lenders, banks, loan brokers, advisors, agents, attorneys, accountants, sellers, buyers, real estate agents, and other business brokers involved in the transaction process. By using our platform, clients and users consent to the sharing of their information with these third parties for the purpose of facilitating the transaction, including communication, financial arrangements, due diligence, and other activities necessary to complete the sale or business transaction. MBI Medico will take reasonable measures to ensure that any third parties receiving personal or business information comply with applicable privacy laws and safeguard the information appropriately. However, once your data is shared with these third parties, the privacy practices of those parties will apply, and MBI Medico is not responsible for their use or protection of the shared information.
Information Collected Automatically We may automatically collect certain information about your use of our platform, including: IP address, Device type and operating system, Browser type and version, Usage data (such as pages visited, search queries, and time spent on the platform), Cookies and tracking technologies (for more information, see "Cookies and Tracking") How We Use Your Information: We use the personal or business information we collect to provide and improve our services, including: Facilitating communications between clients, users, sellers, and buyers with independent business intermediaries, Scheduling, marketing, and advertising services to promote relevant offerings, Processing payments and coordinating financial transactions between parties, Personalizing user experiences and ensuring that the platform meets the needs and expectations of all parties, Responding to inquiries and providing customer support. We may also use your information for: Improving platform features and functionality. Sending service-related communications, including updates and notifications. How We Share Your Information: We may share your personal or business information with the following parties, as necessary: Independent business intermediaries: We connect clients, users, sellers, and buyers with independent brokers for transactions. These intermediaries may need access to certain information to facilitate the transaction process, Service providers: Third-party vendors and partners who assist us with hosting, maintenance, payment processing, marketing, financing transactions, and other operational needs, Legal and regulatory authorities: In compliance with applicable laws, we may disclose your information to regulatory bodies, law enforcement, or other governmental agencies when required. We do not sell, rent, or trade your personal information to third parties for their marketing purposes.
Data Security We use reasonable administrative, technical, and physical safeguards to protect your personal information from unauthorized access, loss, or misuse. However, no data transmission over the internet is 100% secure, and while we strive to protect your information, we cannot guarantee its absolute security.
Cookies and Tracking Technologies We may use cookies, web beacons, and other tracking technologies to enhance your experience on our platform. These technologies collect information such as: Your IP address, Your browser type, Pages you visit and actions you take on our platform. Cookies are small text files placed on your device to remember your preferences and usage patterns. You can adjust your browser settings to refuse cookies, though this may affect your ability to use certain features of our platform.
Your Choices and Rights You have certain rights regarding your personal information, including: Access: You can request access to the personal information we hold about you.
Correction: You can update or correct any inaccuracies in your information. Deletion: You can request the deletion of your personal information, subject to certain limitations. Opt-out: You can opt out of marketing communications by following the unsubscribe instructions in the emails or contacting us directly.
Third-Party Links. Our platform may contain links to third-party websites, services, or resources that are not operated or controlled by MBI Medico. This Privacy Policy does not apply to third-party websites. We are not responsible for the privacy practices of such third parties. We encourage you to review the privacy policies of any third-party websites you visit.
Children’s Privacy Our platform is not intended for use by children under the age of 13. We do not knowingly collect personal information from children. If we learn that we have inadvertently collected information from a child under 13, we will take steps to delete that information.
Changes to This Privacy Policy We may update or modify this Privacy Policy from time to time. Any changes will be posted on this page with an updated revision date. We encourage you to review this Privacy Policy periodically to stay informed about how we are protecting your information. Your continued use of the platform after the posting of any changes constitutes your acceptance of those changes.
Governing Law This Privacy Policy and the collection, use, and disclosure of your personal information are governed by the laws of the State of Illinois, United States. Any disputes regarding this Privacy Policy will be subject to the jurisdiction of the courts located in Illinois.
International Users. If you are accessing the MBI Medico platform from outside the United States, please note that your information will be processed and stored in the United States, which may have different data protection laws than your country of residence. By using the platform, you consent to the transfer of your information to the United States and its storage and use in accordance with this Privacy Policy.
For California Residents
For California residents, a privacy policy must comply with the California Consumer Privacy Act (CCPA) and the California Privacy Rights Act (CPRA), which strengthen privacy protections and rights for consumers. Here are the specific provisions you need to include in your privacy policy to ensure compliance with California's privacy laws:
Notice at Collection Description of Personal/Business Information Collected: You must inform users what categories of personal information you collect, such as names, contact details, payment information, business information, and any other personal identifiers. This should include categories of data (e.g., identifiers, commercial information, internet activity, geolocation data, etc.) that you collect. Purpose of Collection: Explain the specific purposes for collecting the personal information, such as providing services, processing payments, customer support, etc. Example: “We collect personal information including identifiers, contact details, commercial information, and payment information, which we use to facilitate business transactions, process payments, provide customer support, and improve our platform services.”
Consumer Rights Under CCPA/CPRA
California residents have specific rights under the CCPA/CPRA, and you need to inform them about these rights clearly: Right to Access: Consumers have the right to request disclosure of the specific pieces of personal information you have collected about them in the last 12 months.
Right to Delete: Consumers can request that you delete the personal information you have collected from them, subject to certain exceptions (e.g., for legal compliance).
Right to Opt-Out of Sale: If you sell personal information (though unlikely for most businesses), you must provide a mechanism to opt out of the sale of personal or business data. This includes creating a “Do Not Sell My Personal Information” link on your website if applicable. Right to Non-Discrimination: Consumers have the right to access services and information at equal prices and terms, even if they choose to exercise their privacy rights under the CCPA/CPRA (no discrimination for exercising rights). Right to Correct: Under CPRA, consumers have the right to request that inaccurate personal information be corrected.
Example: “As a California resident, you have the right to request the following: Access to specific pieces of personal information we have collected about you, Deletion of your personal information (with some exceptions), Opt-out of the sale of your personal information (if applicable), Non-discrimination if you exercise your privacy rights.”
Categories of Personal Information Collected You must provide a detailed description of the categories of personal information you collect, such as: Identifiers (e.g., name, email address, postal address), Commercial Information (e.g., transaction history, account details)
Internet Activity (e.g., browsing history, usage data), Geolocation Data (if applicable)
Financial Information (e.g., payment methods, billing info), Inferences (e.g., preferences or trends inferred from collected data)
Example: “We may collect the following categories of personal or business information: Identifiers (e.g., name, email address, phone number), Commercial information (e.g., transaction history, payment information), Internet activity (e.g., browsing history, cookies), Geolocation data (if applicable), Financial information (e.g., billing details)”
Disclosure of Personal Information Sharing Information: You must disclose the categories of third parties with whom you share personal information, including business partners, service providers, or other entities for operational purposes, Sale of Personal Information: If you sell personal data (even if it's not in the traditional sense, like sharing with advertisers), you must explicitly disclose this, and allow users to opt out.
Example: “We may share your personal or business information with third-party service providers for purposes such as processing payments, customer support, and marketing. We do not sell your personal information to third parties.”
How to Exercise Your Rights This section should provide clear instructions on how California residents can exercise their rights under CCPA/CPRA, including: How to Submit a Request: Provide an email address or a dedicated web form for users to submit requests regarding their rights to access, delete, opt-out, or correct their personal information, Verification Process: Outline how you will verify the identity of users requesting access or deletion (e.g., requiring users to log in or provide certain identifying information).
Example: “To exercise your rights under the CCPA/CPRA, please contact us at:
- Email: mbi@physicianbuysell.com
We will verify your request to ensure your identity before providing any personal information or taking action on your request.”
Retention of Personal Information You must disclose how long you will retain personal information, based on the purpose for which it was collected. If you cannot determine an exact period, provide a general time frame or a statement about retaining data as long as necessary for business or legal purposes.
Example: “We retain your personal/buisness information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, or as required by law.”
Sensitive Personal / Business Information (if applicable) Under the CPRA, sensitive personal information (e.g., Social Security numbers, financial account numbers, health data) requires specific handling. If you collect sensitive data, you must explain how you process and protect it, and how users can opt out of providing it.
Example: “We do not collect sensitive personal or business information such as Social Security numbers or medical information. If we do collect any sensitive data, we will obtain your explicit consent before doing so.”
Changes to Privacy Policy The policy should include a statement about how and when the privacy policy will be updated and how users will be notified of any changes. This should be done in a way that allows users to easily see changes.
Example: “We may update this Privacy Policy from time to time. Any changes will be posted on our platform, and the date of the latest revision will be indicated at the top of this page.”
Contact Information: Provide clear contact details where users can direct privacy-related inquiries, requests, or concerns.
Example: “If you have any questions or requests related to your privacy rights under the CCPA/CPRA, please contact us at:
MBI Medico
Email: MBI@physicianbuysell.com
Example of a California-Specific Section in a Privacy Policy:
California Privacy Rights If you are a California resident, you have the right to request certain information about how we collect, use, and share your personal data. Under the California Consumer Privacy Act (CCPA), you have the following rights:
- Right to Know: You have the right to request the specific pieces of personal information we have collected about you.
- Right to Delete: You can request that we delete your personal information (subject to exceptions).
- Right to Opt-Out of Sale: We do not sell your personal information. If this changes in the future, we will update this Privacy Policy and provide a "Do Not Sell My Personal Information" link.
- Right to Non-Discrimination: You have the right to exercise your privacy rights without discrimination.
To exercise these rights, please contact us at mbi@physicianbuysell.com. We will verify your request before processing it.
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