Buying and Selling a Practice
Whether you are contemplating buying or selling a practice, Comitz | Stanley can guide you through the process from start to finish. For many doctors, their practice may be the most valuable asset they own, and the most expensive thing they have ever purchased. A deal that is poorly structured and documented may seem quick and convenient at the time, but in the long run these types of arrangements can cost you a lot of time and money, and can expose you to potential liability on either side of the transaction. At Comitz | Stanley, we take a comprehensive approach to practice transitions by working to prevent conflict before it arises so that both the buyer and the seller can successfully move to the next phase of their careers. Some of the areas in which we assist clients through the process include:
- Preliminary negotiations/letters of intent
- Assisting with due diligence
- Lease assumption and assignment
- Creating the Asset Purchase Agreement to transfer the assets of the practice
- Drafting enforceable restrictive covenants
- Staff and patient transition issues
For additional information on issues related to buying and selling practices, please review our healthcare blog. If you have specific questions, or if you are thinking about buying or selling a practice, please contact Patrick Stanley at 480-219-5481 or pstanley@comitzstanley.com.
