Just like with any other business, the owners of health care companies may wish to expand by purchasing related organizations, or they may wish to sell to a potential buyer. Additionally, individuals may want to get into the health care industry by purchasing an already existing organization.
The health care industry is governed by many rules and regulations, which also apply to the sale of health care businesses. When thinking about buying or selling a home health agency, assisted living facility or another health care business, it’s extremely important to work with a lawyer who is well-versed in these rules.
Rivas Goldstein LLP is a niche law firm that only assists individuals and businesses within the health care industry, which is something that very few law firms can say. Here are a few scenarios that we commonly assist clients with:
Purchasing a related health care organization
Our firm helps business owners identify other businesses that are possible candidates for purchase, and then we take the reins by drafting purchase agreements and developing management agreements.
Selling part or all of a health care business
We help business owners by assessing the value of the business, preparing and distributing the sale listings, and then drafting the purchase agreement after a buyer has been found.
Buying an existing health care business for the first time
We oversee the transfer of the business ownership by drafting all required documents, including documents required by the Texas Department of Aging and Disability Services and 855 Applications required by the Centers for Medicare and Medicaid Services, as well as handling licensing issues that may arise with the transfer of ownership.
As you can see, buying or selling a health care business is different from buying or selling a typical business, just like operating a health care business is different from operating a typical business. There are numerous regulations and licensing issues that must navigated properly in order for a successful transfer of ownership to take place, so just any “business lawyer” will not do.
To discuss buying or selling a health care company in Texas or New York, contact the experienced attorneys of Rivas Goldstein LLP today.