Medical Contract Lawyer
Are You Considering Buying or Selling a Medical Practice? Tips and Information from our Medical Contract lawyer.
The obvious initial considerations in buying a medical practice may be the purchase price and the location of the practice that you will purchase. However, as a medical contract lawyer, we urge you to consider some factors that may be less obvious. The trajectory of the gross revenues that were generated and collected in the recent years, the patient retention rate, the employee retention rate, and the potential future growth or lack thereof are some additional issues that you should consider as a buyer of a medical practice.
Our seasoned Medical Contract Lawyer knows the ins and outs of the transactions for purchasing a medical practice and can negotiate on your behalf, so you do not run afoul of healthcare statutes that may be implicated and to negotiate the best possible contract and deal for you
Protections Against Past Liabilities by Kamkari Law’s Medical Contract Lawyer
Protection against past and future liabilities is a much more important consideration for the buyers than the sellers in transactions for buying medical practices. If your medical contract attorney does not properly structure your transaction, a buyer may realize too late that there are judgments, lawsuits, and liabilities that occurred when the seller owned the practice for which the buyer may become liable.
Your medical contract attorney should structure your transaction so that the Closing date becomes the cutoff date for past liabilities. Also, thorough due diligence of medical practices should be conducted by an experienced medical contract lawyer so that potential liabilities are flagged and dealt with prior to the Closing.
Tax Consequences Re Allocation of the Purchase Price Negotiated by our Medical Contract Lawyer
Buyers should also be aware of substantial tax consequences (and how to best avoid or reduce them) that could result from the allocation of the purchase price. Negotiating the purchase price is only the beginning of negotiations, not the end.
Attorneys who are not experienced in these types of transactions could make mistakes that could result in substantial tax consequences. In addition to the financial and legal benefits that you gain from retaining our medical contract attorney, our experiences and knowledge could make the difference between putting your practice on the path to success or failure.
Book Your Consultation Today with our Medical Contract Lawyer Today!
Kamkari Law
A. Shane Kamkari, Esq.
Medical Contract Lawyer
[email protected]
301-309-9002
You can find AMA’s article on Finding a Lawyer to Review Your Contract HERE.
Medical Practice Attorney for:
- Buying A Medical Practice
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Selling Medical Practices -
Buy-In or Buy-Out of Practices -
Start-Up of Medical Offices -
Associate Employment Contracts -
Business Entity Formation -
Litigation of Contract and Partnership Disputes
Family Law & Divorce Representation for Physicians Who Own Private Practices
Frequently Asked Questions
1. How can a medical contract attorney help with a partnership buy-in or joining a practice?
Specifically, a medical contract lawyer performs due diligence to ensure the practice is not saddled with unknown debt. Furthermore, we negotiate partnership agreements to protect your future rights and equity. Therefore, you should retain independent counsel before signing any buy-in documents.
2. How can a contract attorney for medical practices help reduce tax liabilities?
Specifically, a medical contract lawyer negotiates allocation of the purchase price in asset purchase agreements. Additionally, we negotiate broker listing contracts to ensure your agreement remains fair.
3. Does a contract lawyer for medical practices help with liability protection?
Because medical sales involve past liabilities, a medical contract lawyer structures the Closing as a cutoff. Furthermore, we perform due diligence to flag potential legal issues before you sign.
4. Do you handle transition period employment contracts?
Yes. If you remain as an associate, our medical contract attorney reviews post-closing employment agreements. As a result, we ensure your compensation and duties are clearly defined.
