Practice Acquisition

Practice Acquisition

Equity Options

South Link Health Services Ltd offers two options buying equity in a practice;

  • Acquiring 100% equity in the practice by purchase
  • Acquiring 50-100% equity and the seller retains the remaining % and receives a proportion of the profits.

South Link Health Services is very much in favour of the partnership model.

When the scenario arises that a GP wishing to sell is part of an existing partnership with one or more GPs who do not wish to sell, SLHSL will enter into a partnership agreement similar to that of any existing partnership.

The Acquisition Process

  • Initial visit/discussions
  • Confidentiality agreement signed by both parties
  • 3 years financials reviewed
  • Offer /Negotiation – agreement reached with SLHSL Board approval
  • Equity purchase negotiated
  • Settlement date agreed
  • If 50% equity agreed, Partnership Agreement drawn up
  • If only one GP or a 2 or more GP owner practice selling, terms and new limited partnership agreement negotiated and drawn up
  • Full due diligence undertaken
  • Doctors employment options negotiated and signed
  • Staff offered SLHSL contracts similar or same as existing contracts
  • All transfer procedures undertaken i.e. back to back contracts