Negotiating a healthcare business transaction is a complex process that takes time and effort, so if you’re thinking about buying or selling, it’s always important to be prepared to enter the market.
Be sure to have your financial records in good order, from operating statements to payroll information to tax documents. Prepare reports that can accurately show the status of your business, such as accounts receivable, admissions and discharges, referral sources, marketing efforts, etc. Make sure you have a strong management team in place. All of these steps will make the due diligence process run more smoothly if a purchase offer is accepted. And be prepared that there will be bumps along the way – staying the course when inevitable challenges arise is key.
Ben Bogan, J.D., Partner and Managing Director at Stoneridge Partners, has been a leading figure in healthcare M&A since 2014, specializing in home health, home care, and hospice transactions. With over 70 successful closed deals, Ben’s experience and expertise have set him apart as a skilled and invaluable intermediary in the industry.
With a law degree from Albany Law School, a BSBA in Economics from the University of Florida, and his background as a former Assistant District Attorney and Assistant District Counsel for the U.S. Army Corps of Engineers, Ben combines his legal background and M&A expertise to deliver exceptional results in every transaction. Available to his clients 24/7, Ben builds strong relationships with his clients and has garnered rave reviews.
For more information, please contact Ben directly at 520-991-4653 or [email protected]. All communications are confidential.