We support healthcare practices throughout Virginia with offices in Northern Virginia and Richmond.
Call: (571) 209-5203
We provide full service (flat-fee) solutions to assist you in all aspects of your practice acquisition/sale.
Whether you are a buyer or a seller, the acquisition process can be very cumbersome. Our goal is to guide you through the process to ensure that you are fully supported every step of the way.
We work with industry professionals (healthcare-specific practice brokers, CPAs, insurance agents, lenders, post-closing transition consultants, equipment specialists, commercial healthcare real estate brokers, and other industry professionals) to help move you through the process efficiently and effectively.
The acquisition process has multiple steps, particularly for buyers, including but not limited to:
- Financing/Approval Process
- Initial Preview of the Practice/Letter of Intent
- Due Diligence
- Contract Drafting/Negotiations
- Fulfillment of Lending Requirements
- Obtaining Insurances
- Entity Formation
- Lease Review/Assignment or Purchase Contract for the Underlying Real Estate
- Ancillary Matters Such as Post-Closing Seller Transitional Services and Staff Considerations
- Closing/Escrow/Disbursement of Funds
We also provide limited-scope services in the event that you only want a review of the purchase agreement, for example, but we strongly encourage our clients to take advantage of our full-service, flat-fee solutions to ensure that the legal bill is your last concern.
We work aggressively and professionally to give you quality services and confidence in the process. As a courtesy to working professionals, we provide after-hours teleconference options to discuss your case.
We offer a free extended, 30 minute consultation to medical/dental professionals to discuss your potential sale/acquisition needs. Please feel free to call or email us with inquiries.
We have strong relationships with popular, reputable healthcare-specific brokers who often refer their clients to us once the financial terms of the lease have been brokered.
Many of our medical and dental clients prefer to build out their own practices rather than acquire an existing practice.
We are often dispatched to help in reviewing the legal terms of the lease. Areas of main focus include, but are not limited to: the guaranty requirements imposed by the lease; permissible termination in the event of death or disability; calculation of operating costs/taxes (if applicable); tenant's cure rights; landlord's rights to terminate; condemnation proceedings; assignments and transfers including sublease rights, and more.