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Steps 1 and 2 (of 7) in Doing a Healthcare Deal (Correctly)
Step 1 – Describe and Understand the Deal
- What is it that is hoped to be accomplished?
- Why is that a good outcome?
- Does it make sense? I.e., is it commercially reasonable?
- Is the deal more than just about referrals and money?
- What happens if a regulator “follows the money”?
- How will the deal affect others – patients, employees, physicians, competitors, the community, etc.?
- What are the tax effects?
- Engage legal, accounting, valuation, and other professional consultants early in the process to review the proposed deal.
Step 2 – Identify the Parties to the Deal
- Who is involved (medical professionals, background)?
- Why are they involved?
- What do they bring to the deal?
- When did they get involved?
- Who got them involved?
- What does each party hope to achieve?
- Are the goals reasonable?
- Are the goals legal and ethical?