ATTORNEY FOR THE PURCHASE OR SALE OF A MEDICAL PRACTICE
We Provide Comprehensive Business Law Representation to Medical Practitioners
The sale of a medical practice is one of the most complex types of commercial transactions. If you are getting ready to buy or sell a practice, it is imperative that you seek professional representation. An attorney can help you negotiate, structure, and execute the transaction. As a full service law firm with experience helping business owners and entrepreneurs with buying or selling a business across a wide range of industries, we are prepared to help medical practitioners with:
- Advisory services: Attorney Lynette Ariathurai provides legal advice in reviewing/drafting contracts, documents (ie: due diligence and closing documents), and ensuring the contract provides clients what they want.
- Due diligence: Due diligence is crucial in any major commercial transaction. A business lawyer can help you develop a comprehensive checklist of things that need to be evaluated before you finalize the purchase or sale of a medical practice. Examples include liability issues, appraisal of the practice, existing contracts/covenants, and financing for the transaction.
- Contract drafting and review: When you are ready to draft (or require review of) a letter of intent (LOI) or contract for the purchase or sale or a medical practice, our law firm can help. We also advise clients on the difference between a purchase of assets and a purchase of a business and can advise you on which one is best suited to your situation. For example, you may want to consider a stock sale or an asset sale. With a stock sale, the buyer purchases the seller’s interest (shares) in the business directly. In contrast, an asset sale involves the purchase of individual assets and liabilities.
- Other key terms of the purchase agreement: There are other important terms that must be considered beyond price and structure. Some notable examples of other key deal terms include:
- Notice to patients of the ownership change
- Handling of private medical records
- Federal and state controlled substances regulations
- Transfer of licenses and/or permits
- Tail insurance policy
- Non-compete and non-solicitation agreements
- Final documents needed to close transaction: Once the purchase agreement for a medical practice is in place, an experienced California business lawyer can help you secure, review, and process all the final documents that you need to close the transaction without issue.
Contact Our California Business Lawyer for Medical Practitioners for Immediate Help
Lynnette Ariathurai is a top-rated business law attorney with extensive experience representing medical professionals and has represented businesses and business owners for nearly two decades.
If you have questions about buying or selling a medical practice, we are here as a resource. To schedule a completely confidential initial consultation with an experienced California business law attorney, please contact our Fremont law office today.
From our Fremont office, we serve businesses and medical practices throughout the Bay Area including Newark, Hayward, East Bay, Milpitas, Union City, San Leandro, Gilroy, San Jose, and Santa Clara.