Get specialized legal advice to buy or sell your clinic or practice
As a private entrepreneur in the Danish healthcare sector, there are generally two main areas in which it may be appropriate to get help from a legal advisor. When buying or selling your clinic or practice on the one hand, and in day-to-day operations on the other.
In both situations, it makes sense to find a trusted advisor who has both the experience in the practice sector and the legal expertise to solve your specific challenges.
At Kielberg, we have many years of experience as trusted advisors to general practitioners, medical specialists, dentists, chiropractors, psychologists and physiotherapists with their own clinic or practice. This enables us to provide highly qualified advice on both specific legal issues and the derived business consequences.
Get help when shopping for a clinic or practice
Whether you’re looking to buy or sell a practice, it’s a big decision. That’s why it’s our job as your trusted advisor to make sure you feel confident and comfortable throughout the process.
And when it comes to buying or selling a practice in the regulated private healthcare sector, a practice transfer is subject to a number of special rules that must be taken into account.
Basically, the following operating models exist in the regulated part of the sector:
- Sole practitioner – a solo practice with only one owner
- Partnership practice – multiple practice owners, with a common patient base and operational organization (finances, staff, premises, etc.)
- Shared practice – where you share a provider number in areas with poor medical coverage, for example
- Collaborative practices – where multiple either solo or partnership practices join together and either fully or partially share operations and expenses, but not patients.
New hybrid operating models are gradually emerging and include, for example:
- Network practices & private health centers – where individual practices, clinics and laboratories work together to perform both treatments and tests covered by a state agreement and parallel additional services not covered by the state. The relevance here is often the idea of joint utilization of e.g. premises, marketing or patient flows.
There is a wide range of opportunities to both sell and buy into a clinic or practice. However, such a transaction is also associated with a number of pitfalls and legal issues, which is why it is a good idea to have experienced advisors around you.
Are you thinking about buying or selling?
Perhaps you already have a buyer for your practice or you’ve found a suitable practice you’d like to buy? If so, we can easily assist you and ensure an efficient and smooth transaction process.
Contact one of our two responsible partners – Malene Raunholt or Jess Aagaard – to hear about your specific options in your particular situation. They will make sure you get through the many big and small challenges of the handover with confidence.
Do you have questions about the process?
Are you about to take on a partner in your practice? Do you need to update or revise your ownership agreements? Or is there anything you need to be aware of in relation to my employees if you want to sell your practice?
If you have unanswered questions that prevent you from making the decision you want to make, take advantage of a free online intro meeting with one of our legal experts in the field.
Send a brief email describing your challenge to either Malene Raunholdt or Jess Aagaard and they will contact you shortly for a meeting.
Insights into the process
This is how a typical practice handover works. Click on the graphic to enlarge.
If the two parties know each other and can agree on the main terms of an agreement, they can skip straight to step 3 with final negotiation of the specific terms.
