Tag: Practice sale
Making Sure Everyone Is On The Same Page: Letters Of Intent
When you are buying or selling a healthcare practice, even simple, straightforward transactions can become needlessly complex. Miscommunications and misunderstandings over key terms of the transaction can emerge, requiring the parties to spend unnecessary time, energy, and money on attorneys’ fees to resolve disputes. One of the best ways to…
Anatomy Of The Asset Purchase Agreement Part 5: Mediation and Arbitration Provisions
In our final post in this series, we look at ways to structure asset purchase agreements to resolve disputes that may arise after the asset purchase agreement has been executed. Although the goal of every agreement is to clearly define the rights and obligations of the buyer and seller, disputes…
Anatomy Of The Asset Purchase Agreement Part 4: Non-Compete And Non-Solicitation Agreements
Our previous posts in this series looked at different ways you can structure the exchange of assets in a practice purchase agreement. This post will look at a different topic: how non-competes can be structured so that a buyer can preserve the value of his investment in the practice, while…
Anatomy Of The Asset Purchase Agreement Part 3: Work In Progress
In our previous posts in this series, we looked at the allocation of the purchase price and the treatment of accounts receivable. In this post, we examine how to handle work in progress (or work in process, depending on the verbiage your attorney uses). These are patients whose treatment requires…
Anatomy Of The Asset Purchase Agreement Part 2: Accounts Receivable
In our previous post in this series, we looked at the allocation of the purchase price between equipment, goodwill and non-competes. In this post, we examine the treatment of accounts receivable in the sale of a practice. The importance of accounts receivable to an asset purchase agreement often depends on…