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Practice Purchases and Sales

Los Angeles Healthcare Attorneys

Purchasing or selling a business can feel like navigating a maze of red tape and tense negotiations if you are not properly prepared. Purchasing or selling a healthcare or medical practice is notoriously even more difficult due to the sensitive and confidential nature of the business conducted at such a company and the specific laws applicable to the health care industry. Dorros Law’s healthcare attorneys can provide assistance for all your legal needs when you need to buy or sell a healthcare practice or business. The attorneys at Dorros Law are well versed in the intricacies of healthcare law as well as those of business law and commercial litigation.

Accomplishments and accolades that set my team apart from other law firms include:

  • “Excellent” Avvo Rating (Attorney Dorros)
  • AV® Rated by Martindale-Hubbell® (Attorney Dorros)
  • More than two decades of experience
  • A longlist of positive client reviews

All consultations are completely confidential. Schedule yours today.

Preparation is Key in Your Purchase Agreement

To set yourself and your business up for success, whether you are acquiring one or selling one, you need to be prepared for anything that can arise. Healthcare practice and business purchase and sale contracts can be very complex and must be clearly drafted and careful to adhere to the nuances of the applicable healthcare, as well as corporate, laws and regulations.

As a medical or healthcare practice works inherently with confidential files and medical records, there are substantial privacy concerns that may need to be addressed. The value of the business or value of the seller’s intangible development and addition to the business also may need to be further explored to allow for the agreement to appropriately reflect the value, or breakdown of the value, of the business. Finally, intellectual property rights, employment issues, and other business matters will necessarily need to be appropriately documented to allow for a smooth sale and transition to the new owner. Dorros Law can assist you every step of the way.

In your practice purchase or sale you should consider the following issues:

  • Lease negotiations
  • Managing staff and other employment issues – are employees being terminated or transferred to the new business
  • Intellectual property
  • Confidentiality agreements or provisions
  • Assignment and assumption of contracts
  • Identification of assets purchased (and any liabilities if any)
  • Excluding assets, not purchased and ensuring no liabilities are assumed unless otherwise wanted to be assumed
  • Fair asking price or valuation of the business, including goodwill
  • Transferring patient records without compromising information

From the start of your practice purchase or sale and to the final signature, Our Los Angeles business attorneys can be there to act on your behalf, review and correct agreement drafts, and whatever else is necessary to get your deal closed.

Learn more about Dorros Law’s services – call (310) 935-0621 today.

Contact Dorros Law Today

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