Tag: practice transition
What Diligence Is Due When Buying A Practice?
Most doctors know that, as part of buying a practice, they need to perform due diligence into the practice’s records to ensure they know what they are buying. However, determining what that diligence will entail can vary widely, depending on the circumstances. As a general rule, you should review at…
Three New Year’s Resolutions To Keep
At this time of year, many people take a moment to reflect on the past year and plan for ways to improve in the new one. In addition to traditional resolutions about personal health, there are some resolutions you should consider in your practice as well.
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 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 an Asset Purchase Agreement Part 1: Allocation of the Purchase Price
When you are negotiating an asset purchase agreement, either to buy or sell an existing practice, there are provisions that may seem innocuous or appear to be standard boilerplate terms. However, these terms can have considerable financial and legal impacts, regardless of whether you are the buyer or seller. This…