Adishian Law Group is pleased to announce that Healthcare Provider Integrated Pain Management Medical Group, Inc. has completed its sale to a Private Equity buyer. Terms are confidential.

Healthcare Experience and Expertise.  Our firm has developed a strong, niche expertise in healthcare sell-side transactions as well as ongoing outside general counsel work for medical corporations.

Structure is Central to these Transactions.  “Structure” is often a critical consideration for the healthcare acquiror for many reasons:  tax, financing, ROI and compliance with the prohibitions against the corporate practice of medicine to name just a few.  Entity structure and Financing structure (both in terms of overall capitalization stack and the allocation of consideration) are key aspects of these transaction.

Documents and Work: On behalf of our clients, our firm led the legal work on the transaction from post LOI through Due Diligence and Closing.  These transactions are complex.  Our work included negotiating, overseeing, reviewing or drafting the following:

  • Deal Structure and timeline
  • Unit Purchase Agreement
  • New Holding Company
  • Multiple LLC formations (with associated operating agreements)
  • Stock Repurchase Agreements
  • MSA Termination Agreement
  • Sale of non-clinical assets
  • Personal Goodwill Contribution Agreement
  • Administrative Services Agreement
  • Corporate and LLC Resolutions
  • Stock Power
  • Restrictive Covenant Agreement
  • Physical Shareholder Agreements
  • Independent Contractor Agreements and
  • many other ancillary agreements

A Word About Our Clients.  We feel it is important spotlight the vision and drive required to build an organization to the point where it is ready for exit.  Our clients did that. Our clients had the vision, persistence and creative problem solving to build the IPM organization from virtually nothing into perhaps the largest medical group of its kind in Northern California.  That is a remarkable effort.  Overnight success doesn’t happen overnight.  Without the client’s dream, there is no transaction to report.

Choice of Legal Counsel.  Every time a client has a choice to retain legal counsel for an M&A transaction it is often a competitive situation.  When a client places their faith in us to assist them with accomplishing their major goals it means a lot to us.  We’re grateful for their trust and confidence, and for the privilege to contribute our skills to their success.  

IPM Medical Group ( is a leader in cutting edge pain management techniques and rehabilitation programs that set the standard in holistic approaches for managing chronic pain. Its doctors are nationally known experts in the field and are deeply involved in clinical research focused on developing the treatment solutions of tomorrow. With seventeen locations in California and services ranging from advanced interventional pain management procedures and psychological support for functional restoration, IPM’s doctors approach each patient with one goal in mind: to help patients return to normal daily activities.

About Adishian Law Group, P.C

Adishian Law Group is a California law firm with a statewide practice in the areas of Corporate law, Employment law and Real Estate law. is one of the oldest continually operating law firm websites on the Internet. The firm serves its clientele via three offices located in the major business hubs of El Segundo, Palo Alto and San Francisco.

For more information about this transaction, contact Chris Adishian:

Telephone: 310.726.0888 | 650.955.0888 | 415.955.0888
Social Media: @adishianlaw |  LinkedIn | Facebook | YouTube

Adishian Law Group is pleased to announce that PI San Francisco has completed its sale to Predictive Index, LLC. Terms are confidential.

Owned and operated by our client, “PI San Francisco” was a leading Predictive Index Certified Partner helping leaders and managers of public and private companies throughout California optimize their recruiting and management. 

The Predictive Index was founded more than six decades ago, and in all that time, our mission has not changed. Our passion, inherited from our founder, is to understand people and teams—specifically what drives behaviors at work. Our quest, like yours, is to discover how to impact that behavior, ignite enthusiasm, and align business strategy with talent strategy.  Since 1955 we have honed the wisdom, guidance, and tools that help inspire employees be their most productive and engaged.

BrandJump Announces Buyout of Co-Founders Jeff Skippon and Misty Skippon
LOS ANGELES — April 9, 2021 — BrandJump a leading ecommerce sales and marketing firm in the home furnishings industry, announced today that it has acquired Partner and Co-Founders Jeff and Misty Skippon’s interest in BrandJump, LLC.
Founded in 2014, the Los Angeles-based company has built a reputation for enhancing the online presence for their portfolio of brands across more than 50+ retail channels such as Wayfair, YDesign Group, Home Depot, and Amazon. Exclusively specializing in home furnishings and décor, BrandJump works with manufacturers in multiple categories, including furniture, decorative lighting, textiles, outdoor living and accessories.
Over the last 7 years, BrandJump has grown to a team of nearly 40 and prides itself on its talented team with deep industry experience coupled with its increasingly best-in-class technology. 
“I’m extremely grateful for our partnership and what we’ve built together over the last 7 years.  Jeff’s presence and guidance will be missed, though I’m excited about the next chapter for our company,” said Walter.
“Conceptualizing, creating, pioneering and being a part of building BrandJump into the unique business model that it is today has been one of the most rewarding business experiences of my life. I’m so very thankful for the privilege of coming to know the many wonderful people along the way,” said Skippon.
BrandJump is a Los Angeles-based ecommerce sales and marketing company, focused on bringing customized online strategies to manufacturers in the home furnishings space. BrandJump’s unique model delivers merchandising, content, and marketing expertise to optimize their clients’ online presence and drive revenue through internet retail channels. Founded in 2014, BrandJump’s team brings a rare blend of seasoned home furnishings experience with deep ecommerce knowledge to its client base. For more information visit

During the covid-19 pandemic, our firm faced all the same challenges as our clients, while we worked to assist them in navigating the changes and challenges brought on by the pandemic.  We’re proud that we were able to continue delivering a high level of service to our clients throughout 2020.  

Firm Updates

During the past year, we also made significant changes at our firm. 

We Now Have Client Portals and Are 100% Cloud

“Re-Platfoming” happened here too.  In the fall of 2020, we migrated to a new practice management software platform after many years.  The new program is entirely cloud based, with user-friendly client features such as full Client Portals and integrated electronic document signing.  

Towards the end of last year, we migrated entirely off our own servers to a 100% Microsoft cloud environment.  While these migrations are always a project, it went fairly smoothly without interruption for our firm or clients.  It provides a highly-secure and flexible environment for us and our clients going forward.

We Launched A Refreshed

We are excited to announce that in late 2020, after nearly six months of work, the new website went live!  Our goals were to (1) modernize the navigation and flow to make it easier to find content and (2) update the look and feel.   We invite you to browse around, let us know how we did and connect with us if you have any suggestions. 

Practice Update 

Our practice is now heavily focused on advising clients and leading transactions in the areas of business, real estate and employment.  Over the past year, our firm has been very active in sell-side M&A assignments and financing transactions.  We expect the M&A activity to continue at a high rate as baby boomers retire or look to exit over the next decade, private equity funds sit on record amounts of cash and interest rates on cash remain close to zero.  Keep an eye out for highlighted transactions in upcoming newsletters.  

If you happen to have a legal matter outside our practice areas, we can often assist through our referral network of trusted attorneys. 

Observations From The Pandemic

“It is not about avoiding all crises, because you cannot”  

There is a quote that I’m fond of that is attributed to a former Nestle CEO: “We have crises and all that.  My job is not to manage the crisis.  My job is to make sure we have the capabilities of mastering them.” 

From its inception, the pandemic created a lot of uncertainty and chaos (and nobody knows what the delta or other variants may bring).  Our clients who navigated the pandemic most successfully embraced the truth of the above quote and acted upon it.  They focused on marshalling the necessary resources — legal, financial, operational — and rapidly adapting their business processes to weather the storm and be prepared when the pandemic abated.

“The pandemic highlighted enterprise financial fragility” 

The pandemic put a renewed emphasis on healthy, liquid balance sheets.  From late March 2020 through July 2020 a broad range of businesses were partially or completely shut down, some industry shutdowns lasted much, much longer.  The health crises became a financial crisis for many firms across the country, leading to business failures or severely weakened businesses.  Companies and organizations with a culture of healthy cash balances, conservative leverage and low cost operations were better able to survive the pandemic. 

The time to instill and maintain this culture is before the (next) crisis. 

“For investors and entrepreneurs the rate of change appears to be accelerating, and what seemed reliable became risky” 

A few examples….  For many years, residential real estate was seen as one of the safest, most reliable ways to build wealth.  During the pandemic, vacancies spiked and many tenants couldn’t or didn’t pay rent.  Prior to the pandemic, commercial real estate was one of the best performing asset classes.  During the pandemic, it was very painful to be a shopping center or commercial real estate owner.  Separate from the pandemic, minor league baseball was always viewed as a safe haven for nearly a century due to its alignment with Major League Baseball.  In 2020, MLB dropped forty teams from affiliation.  Some of these changes appear relatively short term while some appear permanent. 

Entrepreneuring has always been risky and the old saying, “the only constant is change” is even more true today.  The right team of advisors can help you de-risk your operations, prepare for the next change and take advantage of it when it comes.  

We hope that you have been able to stay healthy and safe during the pandemic and continue to do so during the reopening. 

We look forward to brighter days ahead which we are confident will bring their own challenges.  We’ll be here for you. 

We are pleased to announce that Chris Adishian has been appointed to the Boards of Malaga Financial Corporation (OTC: MLGF) and Malaga Bank, FSB.  The full press release is included below.

Malaga Financial Corporation Announces the Retirement of Founding Director Leo Lee and Two New Appointments
to Its Board of Directors

September 11, 2020 13:31 ET Source: Malaga Financial Corp.

PALOS VERDES ESTATES, Calif., Sept. 11, 2020 (GLOBE NEWSWIRE) — Malaga Financial Corporation (OTCPink:MLGF) – Randy Bowers, Chairman of the Board and President/CEO, today announced the retirement of founding director, Leo Lee, from the Board of Directors of Malaga Financial Corporation and its wholly owned subsidiary Malaga Bank, FSB.

Mr. Bowers remarked, “We are extremely grateful to Mr. Leo Lee for his more than 35 years of service on the boards of both Malaga Financial Corporation and Malaga Bank. Mr. Lee’s wisdom and business judgment were invaluable to the success of the bank, including his term as Chairman of the Board in 2013-2014.”  Mr. Lee offers his resignation so he can attend to family matters in Taiwan, and will continue to be a part of the Malaga family and the bank he helped establish.

Bowers also announced the appointment of two new directors to the boards of both Malaga Financial Corporation and Malaga Bank, Herbert Ming Chang Lee and Christopher M. Adishian.

Mr. Herbert Ming Chang Lee has over 20 years of experience in commercial real estate development and management in Southern California markets, in addition to his background in investment analysis. He attended the University of California San Diego for his undergraduate degree in Economics and the University of California Irvine for his Master’s in Business Administration. Herbert has strong ties in the Palos Verdes community, having lived here most of his life, and is active in a number of community organizations.

Mr. Christopher M. Adishian joins Malaga Financial Corporation and Malaga Bank boards with impressive legal, financial, and investment experience, including his current legal practice, Adishian Law Group, and as a licensed California real estate broker. Christopher graduated with a degree in Mathematical Economics from University of California Berkeley and interned at the San Francisco Federal Reserve and the Board of Governors of the Federal Reserve in Washington D.C. Mr. Adishian received his law degree from Loyola Law School and is a member of several local bar associations. Having grown up in Palos Verdes, Christopher remains involved in the South Bay community and is active in many community organizations.

“We are pleased to welcome Herbert and Chris as new directors,” said Bowers. “Their success and knowledge in their respective industries, along with their life-long connection to the community, complement the strengths of the current Directors. They will both be valuable additions to Malaga Financial Corporation and Malaga Bank, FSB as we continue to execute our business strategy.”

Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles.  Malaga Bank has been named by as one of the Top 200 Healthiest Banks out of the 5,035 banks analyzed across the United States. A more detailed breakdown of Malaga Bank’s A+ health score may be found in the health section of its dedicated page at over ten years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc.  Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 51st  consecutive quarter as of June 2020. Since 1985 Malaga has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors.  As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service.  The Bank’s web site is located at

Randy Bowers
                        Chairman of the Board, President and Chief Executive Officer
                        Malaga Financial Corporation

Left to Right: Cynthia Sun, Esq., Chris Adishian, Esq., Trevor Zeiler, Esq. (Not Pictured: Laura Mayer)

EL SEGUNDO, CA (November 15, 2019)— Adishian Law Group is pleased to announce that Adishian Law Group, P.C. and Adishian Capital were profiled in the current issue of Southbay Magazine.

As the magazine states, “Adishian Law Group practices business, employment and real estate law. The firms work includes leading mission-critical transactions and litigation, and high-stakes employment cases involving highly compensated professionals. Adishian Capital is a licensed real estate brokerage that provides property management services and select brokerage services. Together the companies assist clients with all their real estate activities.  Owner Chris Adishian earned his math economics degree Berkeley, with a business minor from Haas School of Business and was a Dean’s Scholarship recipient at Loyola Law School.  He is rated an AV-Preeminent attorney by his peers”

What can our readers learn from your most successful clients?

“They are committed to improving their decision-making process in business and life. They understand that the two great equalizers are: time and decisions. Over time, the compounded results from a good decision process (and avoiding the compounded results of a bad decision process) dwarf any legal fees. Sometimes the best decision is deciding to not do something.”

What business lessons have you learned running your own companies?

“There are so many.  Here are some of the most important in our view:  setting the culture of the firm, recruiting/retaining the right people, working for clients we enjoy and of course, delivering the highest level professional service and advice.”

Why did you choose to work in this profession?

“When I graduated from law school, practicing law was the last thing on my mind.  I was fortunate to meet a number of outstanding individuals — some significantly more experienced that I was — who were kind, strong, wise, fair-minded, lived balanced lives, contributed significantly to their community and were financially comfortable.  They had one other thing in common:  all were lawyers running smaller practices.   Eventually that made a lot of sense to me.  This fall is our 16th anniversary.”

What is the best legal advice you ever received?

“I read this in a business book, probably long before I went to law school.  The more important term in the contract isn’t in the contract; it’s dealing with people who are honest.”

What are your favorite podcasts?

“During my commute, I enjoy listening to “The Knowledge Project,” “On Being” and “How I Built This.”

Click this link to read the full-color original.

We are pleased to announce that Chris Adishian recently spoke at LMU about commercial real estate as part of LMU’s REAG/REAC event.

About the Event.
On November 7, 2019, Chris Adishian was invited to speak to an audience of students, alumni, colleagues, parents, faculty and staff as part of a panel discussion titled “How to Get Started and Succeed In Investment Real Estate.” The event was held at the Hilton building on LMU’s campus. The event featured questions from the moderator followed by open Q&A from the audience and a reception afterwards. The event was organized by LMU’s Real Estate Alumni Group (REAG) and Real Estate Alumni Council (REAC).

“I’ve spoken on a number of panels over the years and I always enjoy them. The LMU event was a great opportunity to share some expertise, experience and stories with the community. There was great energy interacting with my fellow panelists and the audience,” said Chris Adishian. “Edgard and the Real Estate Alumni Council put on a wonderful evening event.”


Want Chris Adishian to Speak to Your Class, Organization or Business? If you would like Chris to speak to your class, organization or business, either individually or on a panel, please contact our firm with the date and time of your event. Chris is typically asked to speak about employment law, business law and real estate law. For samples of prior speaking engagements, you can visit our YouTube Channel to see video clips of Chris speaking to the South Bay Association of Realtors Commercial Attorney Panel. (The older ones were shot in low-res, and the more recent ones were shot in HD).

EL SEGUNDO, CA (March 7, 2013)—Adishian Law Group Plays A Key Role In Reshaping El Segundo as Part of Largest Vertical Land Development Project West of Sepulveda Blvd (PCH) in the South Bay of Los Angeles during 2012-2013

Adishian Law Group in El Segundo, CA announces the closing of a real property transaction that will be among the most beneficial to the City of El Segundo in recent history.  It is believed that this project is the largest vertical land development west of Sepulveda/PCH in the entire South Bay of Los Angeles during the last two years. The leaders of the project, known as the “222 Kansas Street Specific Plan,” are SMPO Lab, LLC ( of Memphis, Tennessee and local developer Mar Ventures, Inc. ( of Torrance, California.  The approximately 4.7 acre parcel in El Segundo had fallen into disuse after International Rectifier (NYSE:IRF) shuttered its computer chip manufacturing facility that had occupied most of the property for many years.

Prior to SMPO acquiring the property, another developer had attempted to develop the site, but was unable to complete its plans.  Once SMPO acquired the entire parcel, it entered in a contract to sell approximately 1.6 acres to Mar Ventures.  SMPO had plans to build new industrial and laboratory space to house the USDA’s Animal and Plant Health Inspection Service unit that serves Los Angeles International Airport and the Port of Long Beach.  Mar Ventures’ plan was to build a 20-unit modern, brick and glass office condo complex fronting Kansas and Grand (  There was only one small detail—Adishian Law Group’s clients owned an existing parcel that was positioned in such a manner as to require their cooperation for the project to go forward as envisioned. Adishian Law Group represented its clients in negotiations with Mar Ventures.

Adishian’s directive was to reach a fair-minded resolution that would protect its clients’ interests, allow the project to go forward, and result in a win for everyone.  Had Mar Ventures and SMPO not arrived at a mutually beneficial agreement with Adishian’s clients, the project may not have gone forward all, and certainly would have been delayed and reconfigured.

“All parties wanted the transaction to go forward,” says Adishian Law Group President, Chris Adishian.  “Although simple in concept, this deal ultimately required a carefully orchestrated series of transactions that subdivided the original parcel, and then allowed the Mar Ventures’ parcel to be further subdivided into new lots in order to fulfill its ultimate intended use of the land.  These transactions included a Lot Line Adjustment, a Letter of Intent, a custom Multi-Party Agreement, a Declaration and Grant of Restrictive Covenants, Conditions and Restrictions, as well as EasementsGrant Deeds, a Conveyance Agreement and an Option Agreement.” Adishian continues, “Like many long range projects of such scale and complexity, this project was a long time in coming.  It required the sustained efforts of SMPO, Mar Ventures, the City of El Segundo, Southern California Edison, architects, engineers and some diligent lawyering to steer this project to a successful completion.  The SMPO and Mar Ventures teams were first rate, and our friends at Obelisk architects and Denn Engineering also made very valuable contributions.”

The City of El Segundo will benefit in several significant ways.  The project transforms land within the city limits that was lying fallow into productive use.  The tax base of the city has now improved, and the Grand Avenue corridor has become more aesthetically pleasing.  Of course, more employees working within the project will help local El Segundo businesses. Such success in the real estate arena requires a law firm with experience, creativity, credibility and the ability to work cooperatively with a diverse range of parties and interests in order to accomplish the end goal.  This successful transaction illustrates why the Adishian Law Group deserves its reputation as a fair-minded, knowledgeable and effective closer of even the most complex real estate transactions.

About Adishian Law Group, P.C.

Adishian Law Group is a California law firm with a statewide practice in the areas of Corporate law, Employment law, Real Estate law and Mediation Services. is one of the oldest continually operating law firm websites on the Internet. The firm serves its clientele via three offices located in the major business hubs of El Segundo, Palo Alto and San Francisco. As of March 2013, Adishian Law Group, P.C. has represented individual and corporate clients located across 20 California counties, 4 States outside of California and 9 foreign countries — in over 340 legal matters.

For more information about this topic or to speak with Chris Adishian:

Telephone: 310.726.0888 | 650.955.0888 | 415.955.0888
Social Media: @algpc |   LinkedIn | Facebook | YouTube

We are pleased to announce that the legal professions’s most prestigious rating service has recognized Chris Adishian with its highest Peer Review RatingTM

Dear Clients and Friends of the Firm,

We are delighted to inform you that Chris Adishian has received Martindale-Hubbell’s Highest Peer Review RatingTM.

Chris received an “AV” rating from his peers, which means that he was deemed to have preeminentlegal ability and very high professional ethics.  The AV rating is the highest Martindale-Hubbell Peer Review RatingTM.

Martindale-Hubbell Peer Review Ratings were created in 1887 as an objective tool that would attest to a lawyer’s ability and professional ethics, based on the confidential opinions of other lawyers and judges who have worked with the attorneys they are evaluating.  Back then the simple goal was to provide “lawyers, bankers, wholesale merchants, manufacturers, real estate agents and all others….the address of one reliable law firm… in every city in the United States.”  With all the advances in technology since that time, the same need still exists. 

The Martindale-Hubbell Peer Review Ratings process evaluates lawyers based on the anonymous opinions of members of the Bar and the Judiciary, including both those who are rated and those who are not.  Reviewers are instructed to assess their colleagues’ general ethical standards and legal ability in a specific area of practice.

The Martindale-Hubbell Peer Review Ratings have remained the most prestigious and widely respected lawyer rating system in the world for over one hundred years.

In this highly competitive environment for legal services, the Martindale-Hubbell Peer Review Rating is often one of the only means to differentiate lawyers who may otherwise appear comparable in their credentials.

This is important on a variety of levels – from the in-house counsel trying to determine which one of his outside law firms should be assigned a new matter to the private practice attorney seeking to refer a case to another lawyer with the appropriate expertise in a specific area of practice.

We’re honored and grateful to receive this recognition from our peers. 

Thank you for your ongoing support, and it you know a potential client who could benefit from our legal services, we always welcome the opportunity to meet referrals from our clients and friends of the firm.  


Adishian Law Group, P.C. 

EL SEGUNDO, CA (June 20, 2019)—Adishian Law Group Advises Premier World Discovery on Acquisition of AFC Vacations.

Adishian Law Group is pleased to announce that Premier World Discovery has completed the acquisition of AFC Vacations.   The Company’s Press Release regarding the acquisition follows:

Redondo Beach, CA – June 20, 2019 – Premier World Discovery announced that it has acquired AFC Vacations, a tour operator offering affordable first class tours, river cruises and ocean cruise-tours. The purchase continues Premier World Discovery’s growth plan and will better serve the needs and service to all guests that travel with both companies.

Matthew Kennel, Co-owner and Co-President of Premier World Discovery noted, “The acquisition of AFC Vacations complements our overall global tour offerings and provides synergies that will produce greater opportunities and customer service for our guests. We have always been impressed with the tour and cruise offerings as well as the level of customer service that AFC Vacations has provided their guests over the past 37 years.”

Stephen Birkett, Founder and Co-President of Premier World Discovery also commented, “Our acquisition of AFC Vacations provides a major growth opportunity for both brands and offers an exciting opportunity to continue to evolve. The acquisition also supports our strategy in the group travel market and at the same time meet the demands and needs of future guests on our tours around the world in an ever changing global travel market.”

“AFC Vacations is very excited to join Premier World Discovery, this is a perfect match. Both companies share similar philosophies and values and we look forward to expanding our tour offerings to our guests and continue to grow the AFC Vacations brand under Premier World Discovery”, said Randy Case, Founder and President of AFC Vacations.


Premier World Discovery offers Worldwide Guided Travel with 2019 marking the company’s 20th year in business. The company employs a national sales team and has grown to offer more than 80 fully guided tour programs both domestically and internationally to more than 50 countries and 6 continents. Guests can choose from five distinct travel styles – One Hotel – Limited Hotel Stay Tours, Classic Tours, Rail Journeys & Train Tours, Exotic Discovery Tours and Exclusive European River Cruise Charters. To learn more about Premier World Discovery and its current tour offerings visit


Founded in 1982, AFC Tours offered escorted tours both in North America and internationally. AFC Tours was eventually rebranded into AFC Vacations, with the acronym AFC meaning – Affordable First Class Vacations. Randy Case will continue to lead AFC Vacations as the President and the company will continue to be based in San Diego. AFC Vacations will run as a separate division with the same executive team and the same focus – offering unparalleled customer service, memorable vacations and unique lifetime experiences aimed at exceeding guests’ expectations. To learn more about AFC Vacations and its current tour offerings visit

About Adishian Law Group, P.C.

Adishian Law Group is a California law firm with a statewide practice in the areas of Corporate law, Employment law and Real Estate law. is one of the oldest continually operating law firm websites on the Internet. The firm serves its clientele via three offices located in the major business hubs of El Segundo, Palo Alto and San Francisco.

For more information about this transaction, contact Chris Adishian:

Telephone: 310.726.0888 | 650.955.0888 | 415.955.0888
Social Media: @adishianlaw |  LinkedIn | Facebook | YouTube