Why Buyers of Medical Practices Need Independent Representation


Most sales seek to maximize the sale price of the practice for the seller and his agents and brokers. This

puts buyers into an environment where he is often left shopping blind, and without the due diligence and

fiduciary representation that they might commonly employ in buying a home, as one example. In this

analogy the realtor would help you identify a geographically desirable area, help you pre-qualify as a

buyer, find a home with your desired features, and help provide comps that will illustrate exactly what

the price of the home should be based on the market. Surprisingly, many medical practices of all types

are purchased without this same level of due diligence by the buyer.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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