There are few moments in the successful road of a professional career that are more precious (and potentially stressful) than a practice transition. Whether it is a young veterinarian buying his first practice, a junior doctor buying into a medical partnership, or a seasoned dentist looking to expand her practice with the help of private equity partners, a practice transition represents a milestone to be celebrated, but also a career crossroad fraught with liabilities.
After ten years of practice in healthcare transactions, our firm has witnessed the good, bad and ugly in practice transitions. At the Pacific Health Law Group, PC, our staff works exclusively on the legal needs of healthcare professionals, including helping doctors navigate the agreements and laws related to the acquisition or purchase of healthcare practices. We understand that by doing our job right, we can minimize your liabilities and give you peace of mind. And if you have peace of mind, you can celebrate the purchase or sale of your practice instead of worrying about the liabilities associated with such a transition. This principle guides our client relationships and how we work as a firm with our doctors.
Why Hire a Health Care Attorney to Assist You with Your Practice Transition?
The purchase or sale of a healthcare practice requires the parties to not only agree on deal terms but to draft, review, and negotiate a host of contracts to effectuate the parties’ intent. For healthcare practices, the parties must also navigate nuanced issues related to their profession and comply with federal and state regulations. These may include the correct business structure to use when purchasing a practice, whether the name of the practice may be transferred to the buyer, how the parties must handle patient records or other protected health information, or complying with issues related to the corporate practice of medicine. For healthcare professionals, there are unique considerations related to their profession as well as regulatory issues to consider when taking on these decisions. The failure to properly handle these nuanced issues can adversely affect the sale and lead to a host of liabilities for the buyer or seller.
Unlike general business attorneys, our office focuses exclusively on the legal needs of healthcare professionals and understands the nuances of these issues as they related to physicians, dentists, veterinarians, optometrists, and other healthcare providers. Whether it is complying with federal or state regulations associated with the sale or purchase of a healthcare business, or understanding the professional issues when dealing with these transactions, our firm is experienced in the translation issues in healthcare practice that a general business attorney is not.
Transition Start-Up Services
At the Pacific Health Law Group, PC, we pride ourselves in leveraging our healthcare knowledge to provide our clients with informative, efficient, and cost-effective legal solutions. For over ten years, we have worked with dentists, physicians, and other healthcare professionals to assist with their practice transition needs.
Our transition work includes:
- Letters of Intent
- Asset and Stock Purchase Agreements
- Associate Buy-Ins
- Financing Documents
- Private Equity Transitions and Arrangements
- Real Estate Acquisitions
- Practice Expansions
Who We Service
Whether it is a new dentist building her first dental office, a physician transitioning into retirement and selling his practice, or a private equity company investing in a fertility practice, our office can provide the necessary guidance for a successful business transition. Our clients include:
- Healthcare Businesses
If you would like to hire our office to assist you with your healthcare practice transition, please call (310) 776-5384. Our firm provides free consultations and cost-efficient flat fees for most transactions.