At Wood and Delgado, we have been at the forefront of developing, implementing, and refining dental practice purchase agreements for over three decades. The experience and dedication of our dental business attorneys make us a valuable partner for dentists in these transitions.
In the dental industry, a standard form of business purchase agreement often falls short of addressing the specific needs of dentists. Whether you are buying or selling a dental practice, you need a written, enforceable contract that thoroughly protects your interests.
Our dental lawyers understand how to craft these agreements to benefit your practice.
We have drafted agreements that have become the standard in the dental industry, addressing issues such as restrictive covenants, uncompleted and redo dental work, transition periods, referral sources, and complexities involving medical and insurance plans. Our agreements also handle accounts receivable collection, a key aspect of dental practice transactions.
Recognizing that every dental practice transition is unique, we provide each client with a personal, hands-on approach. Our commitment to understanding and addressing the individual needs of each dentist ensures that every aspect of the transaction is carefully considered and managed.
Jason Patrick Wood is a partner in the Law Firm of Wood & Delgado. Jason's primary emphasis is on business transactions for dentists and doctors: leases, purchase agreements, ...
Michael J. Maiolo is an associate attorney at Wood & Delgado, specializing in business transactions primarily for dental and healthcare professionals. Michael brings a fresh, driven approach to his practice, ...
George Murray focuses on business transactions for dentists and doctors, guiding clients through practice acquisitions, lease negotiations, associate agreements, and startup structuring. He brings more than a decade of property ...
Patrick J. Wood is a Founder of the law firm Wood & Delgado and has been representing dentists for 39 years. Mr. Wood received his B.A. degree from ...
Following Mr. Delgado's admission to the California and Hawaii Bar Associations in 1972, he served for seven years as a California Attorney General in the Civil Litigation Division ...
We have honed our experience over decades at Wood and Delgado, making us uniquely qualified to guide dentists through this process. From drafting a letter of intent to managing post-acquisition legalities, our firm ensures a seamless transition, whether you're buying or selling a dental practice.
Acquiring a dental practice begins with issuing a Letter of Intent (LOI). This document, while not legally binding, sets the stage for negotiations, outlining the major terms of the proposed deal. The LOI serves as a step in clarifying the intentions of both parties, paving the way for a formal purchase agreement.
Our attorneys at Wood and Delgado assist in crafting LOIs that accurately reflect the intentions and terms favorable to our clients, laying a solid foundation for the acquisition process.
The heart of any dental practice acquisition is the Purchase Agreement. This legal document details the transaction's terms, including the purchase price, assets involved, representations, warranties, and conditions for closing.
Our team's can review, draft, and negotiate this agreement, ensuring it aligns with our clients' interests. We focus on addressing specific dental industry concerns such as patient record transfers, employment agreements, and regulatory compliance, crafting an agreement that comprehensively covers all aspects of the practice transition.
Due diligence is a phase where the buyer verifies the seller's representations about the practice. It involves reviewing financial records, patient records, leases, employee agreements, and regulatory compliance.
At Wood and Delgado, we collaborate closely with dental-specific CPAs and other professionals to conduct thorough due diligence, ensuring that our clients make informed decisions based on accurate and comprehensive data.
Transferring the assets of a dental practice is a complex process, requiring detailed legal documentation.
Our role includes:
We draft Asset Purchase Agreements and other necessary documents to ensure a smooth transfer of all practice assets.
In cases where the dental practice's real estate is part of the transaction, our attorneys handle the real estate aspects separately, evaluating those on their own merits.
We conduct title searches, review leases, and negotiate and document real estate transactions, ensuring that our clients' investments are sound and legally protected.
Acquiring a dental practice involves transferring various licenses and permits. Our team at Wood and Delgado navigates these requirements, assisting in the application and transfer of medical licenses, DEA registrations, business licenses, and other necessary permits, ensuring that the practice operates legally and smoothly under new ownership.
The closing process is where all aspects of the acquisition culminate. Our attorneys are heavily involved, reviewing all purchase contracts, employment agreements, and other documents, ensuring every detail is in place, and protecting our client's interests.
We manage the finalization of asset transfers, coordinate document signatures and notarizations, and oversee the disbursement of funds.
Even after the acquisition is complete, our role continues. We provide ongoing legal counsel to address any issues that may arise post-acquisition, such as drafting buy-sell agreements, reviewing ownership structure changes, and ensuring ongoing legal compliance.
Our commitment to our clients extends beyond the transaction, offering continuous support as their practices grow and evolve.
An essential part of the acquisition process is the valuation of the dental practice. We work closely with dental-specific CPAs and valuation experts to provide a thorough analysis of the practice's worth. This valuation considers financials, market factors, and qualitative aspects like goodwill and brand recognition, ensuring our clients make well-informed investment decisions.
At Wood and Delgado, we offer comprehensive legal services tailored to the unique needs of the dental industry. With our extensive experience and deep understanding of dental practice acquisitions, our dental attorneys ensure that our clients handle these transitions smoothly and successfully.
Our goal is to protect your interests at every stage of the process, providing legal guidance and support from initial intent to post-acquisition.
“Jason I want to thank you for all that you have done for dentistry and for Dentaltown. Your 3000+ posts have added so much value and wisdom to so many dentists. No matter what any legal question a dentist throws at you, you always have a spot on world-class genius answer that withstands the scrutiny of everyone! You have an amazing mind, my friend!”
When buying or selling a dental practice, the stakes are high. With Wood and Delgado, you gain a partner with decades of experience and dedication in dental practice transactions.
Our tailored approach and comprehensive legal and business support ensure that your interests are protected and your practice transition is smooth and successful.
If you're considering buying or selling a dental practice, contact Wood and Delgado to ensure you have the right support and experience on your side. Contact us at (866) 747-5442 today.
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