Acquisition Agreements

The healthcare field is a more complicated area of transactional law due to the many regulatory requirements attendant to that business. Assets owned by a hospital may not be able to be sold due to reversions to a governmental entity or a decedent’s family. The license may not be able to be transferred because of healthcare planning or regulatory laws. There may be certain notices that have to be given in a termination of operations by one entity. A physician may not be able to sell her/his practice as a practical matter because of patient notice requirements or covenants not to compete with a group practice. These considerations and others must be considered as a sale or acquisition is negotiated.