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
Dorros Law’s Los Angeles 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
Accomplishments and accolades that set my team apart from other law firms include:
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 documents 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 transferring 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 good will
- 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.