Dallas, Texas, July 05, 2014 - With mergers and acquisitions (M&A) activity in ambulatory care increasing over the last year, the significance of doing the right due diligence for a practice cannot be over-emphasized.
In an article published on The Ambulatory M&A Advisor, healthcare attorneys and consultants give insight into the financial, legal and clinical aspects of due diligence and the best ways to approach each.
Experts Michael Schaff, attorney and chair of the Corporate & Health Care Departments at Wilentz, Goldman & Spitzer, Bill Horton, an Alabama-based partner and health care attorney with the Jones Walker law firm, and Roger Strode, a partner and health care attorney with the Chicago office of Foley & Lardner, LLP, all give advice for those seeking information about these areas of due diligence.
Schaff’s advice for potential sellers: “Before you negotiate a price, do appropriate due diligence on yourself so you are prepared for what the buyers will ask and you know where your ‘skeletons’ may be. Sometimes smaller companies don’t have the internal resources to dot every ‘i’ or cross every ‘t’. There are many potential traps for the unwary, and surprises pop up in the middle of the process” which can result in a buyer reducing his offered price.
The Ambulatory M&A Advisor is an online publication that features articles covering business, legal and transactional updates and insights around ambulatory care center deal making. To read this article and others like it, visit the publication at www.ambulatoryadvisor.com.
Blayne Rush, MHP, MBA
Ambulatory Alliances, LLC
18181 Midway Rd Ste 200
Dallas, Texas 75287