Practice Acquisition

Acquiring a Practice

Purchasing a practice is a large commitment of both time and money. If not done properly the transaction can have a negative impact on your personal finances for years in the future. Legacy Group provides you with the resources and the expertise to manage the purchase and transition process in a manner that reduces your risk and plans for the longer term impact of the purchase. Our goal is to structure the transition to provide a solid foundation for financial success.

While we strive to establish a long-standing and comprehensive relationship with providers, it is clearly understood that not all Clients will adopt this relationship and thus we offer the following Tiers:

Tier 1: Individual Service (Valuation)

• Provide Practice Fair Market Value Estimate

Tier 2: Transaction Services

• Valuation
• Practice Price Negotiation and Representation
• Design and Negotiate Purchase Structure – Terms & Conditions (upfront purchase vs. multiyear buyout).
• Financial Sourcing – identify financing options and negotiate loan terms.
• Financial Feasibility Testing – determine if cash flow of the practice can support buy-out and, if applicable, retaining the current doctor for a transition period.

Tier 3: Legacy Partnership

• Brokerage Services – Finding you a Practice / Solution.
• Transaction Services – all the services contained above under “Transaction Services.”
• Transition Planning – making the practice your practice.
• Tax Planning* – corporate entity structure & long term tax reduction strategies.
• Wealth Planning* – fitting the practice in with the larger picture.   Long term planning for debt reduction and wealth accumulation.
• Asset Management* – Customized investment management through Legacy Advisory Group.

*Offered through Legacy Advisory Group, LLC