What should I consider when buying a new dental practice?

As published in the ADAQ Dental Mirror Spring 2019 edition. Buying a dental practice is complex and involves legal, financial and operational investigation of the business. This process is called “due diligence” and helps you work out whether the practice is a solid investment.  An experienced health lawyer can help you understand any legal risks and provide strategies to manage them. This article provides an overview of legal due diligence process when buying a dental practice in Queensland.  A follow on article will cover the steps leading from due diligence onto settlement where you take over the practice, including negotiating the sale contract.  For each step, we outline what it is and why it’s important to you. Step 1: Summary of the transaction – Heads of Agreement This is a…
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