Healthcare Lawyers for Dental Practices, Medical Offices, and Veterinary Hospitals
Healthcare Lawyers for Your Next Practice Transition & Legal Matters for Your Existing Practice
We are healthcare lawyers representing dental practices, medical offices, and veterinary hospitals. Whether you are about to embark on buying or selling a practice, or if you already own a practice, our healthcare lawyer attorney can provide you with experienced legal representation and negotiation for your anticipated medical or dental practice sales or for keeping your existing practice compliant with various legal, corporate, and healthcare laws.
Healthcare Lawyers for Medical, Dental, & Veterinary Transitions
Our healthcare lawyers are here to walk you through the entire process of buying, selling, or startup of dental practices, medical offices and veterinary hospitals from A-Z. This includes representing you in negotiating the best contract and deal that specifically suits you, and to fully represent your interest and advocate on your behalf. Since 2004, I have had the good fortune of representing physicians, dentists, and veterinarians.
If you are a dentist who is seeking to buy a dental practice, a physician who has cared for patients for many years and is now looking to sell your practice to a MSO or another private practitioner, or a veterinarian looking to buy into a veterinary practice, our healthcare lawyer can help you reach your goals while minimizing your risk and legal and financial liabilities.
Experienced Healthcare Lawyers for Minimizing Your Personal & Practice’s Liabilities
After selling, buying, or starting-up your practice, the last thing you want is to find out that your rights have not been properly protected in a contract and you now will have to deal with unexpected legal headaches or worse yet find out that there were liabilities for which you remain responsible. The issues involved in selling or buying run-of-the-mill businesses are different than many issues that come up and should be dealt with in transactions for selling or buying healthcare practices with which average business lawyers are not familiar.
Not only there are specific statutes that regulate certain aspects of dental and medical practices that could affect your practice, but there is also increased scrutiny of healthcare practices and their compliance with these statutes. As a healthcare lawyer who is experienced in negotiating medical and dental transitions, I can assure you that there are also non-legal issues that could affect the purchase price and the total sum that you end up paying for buying a practice or end up receiving for selling your practice, and our skilled and savvy Dental Medical Practice Attorney can make the difference in your bottom-line as well as your legal and financial liabilities.
Healthcare Attorneys for Your Existing Practice
If you already own a practice, our healthcare lawyers can help you prepare for various business contingencies through shareholder agreements, operating agreements, and partnership agreements. We can also represent you in bringing in a new partner as a new shareholder of your professional corporation, a new member of your PLLC or LLC, or form a partnership for you. We can further assist in hiring new associates by preparing associate employment contracts or help with your office space by renewing and/or renegotiating your lease agreement. If you have not had your corporate documents (Bylaws, Operating Agreement, Resolutions, Minutes of Meeting, etc.) reviewed for more than a year, our healthcare lawyer in Maryland and DC can give your corporate documents and company’s structure a comprehensive review and see to it that your company’s documents are up to date and compliant with various laws. Finally, as an experienced litigator I can vigorously prosecute or defend your rights in court if you have a partnership dispute or commercial dispute with third parties.
Healthcare Lawyer in Maryland & DC
What are the different roles of the attorney that will represent you in selling or buying a practice?
Your dental practice lawyer should not only be experienced in general commercial transactions law but there are healthcare statutes such as Stark and Antikickback laws that affect selling or buying a practice unlike the transactions for selling or buying a run-of-the-mill business; your attorney should therefore have solid knowledge and experience in selling or buying of dental and medical practices.
The first step is obviously finding a practice for sale that is well suited for you; that includes the location and size of practice, the seller’s demand for purchase price, and your over all goal and objectives. Once a suitable seller is found, the process starts with sending a letter of intent to the seller or the seller’s agent which expresses your interest in purchasing the practice. The letter of intent should include both binding and non-binding provisions.
Should you retain a medical or dental practice attorney to represent you in selling or buying a practice?
I have received many calls and requests for consultation and representation from the parties to a transaction for selling or buying of dental and medical practices that have realized months after the Closing that they are liable for certain claims, contracts, and damages that was not intended to be a part of the transaction, but the contract was not drafted in such a way to protect them. This is particularly important if the other side is represented by an attorney, agent, and/or a broker.
First, there are certain claims and liabilities that may automatically transfer from the seller to the buyer, whether those claim(s) were known or unknown during the negotiations, and whether the contract specifically provided for such transfer of liability or not.
Buying dental and medical practices offers many benefits to a potential buyer. The most important factor is having the financial predictability of buying an ongoing practice and knowing that immediately after the Closing you will have patients that will be waiting for you at your new office. This factor is more prominent in certain types of practices depending on whether your practice lends itself to patients that will be returning patients or is your practice heavily relies on other medical professionals referring patients.