Know What
You’re Getting Into
Our process is not only thorough, but completely non-adversarial. We help foster a team environment for all parties involved because of the importance of keeping the goodwill and positivity of the practice in place.
STEP ONE
Free Consultation
The first step is to set up a Free Consultation. This consultation allows us to get to know you, what your ideal practice would look like, in what geographic area you’d like to practice, and learn about what you’re looking for in a Practice Transition. We will talk through the entire process and set real expectations for every aspect of the transition.
STEP TWO
Non-Disclosure
The second step is to sign an Non-Disclosure Agreement (NDA) so all a seller’s confidential information collected is protected. This step applies to practices we have listed as well as practices we search for with you.
STEP THREE
Practice Search
The third step is to begin our practice search. We will call on practices, speak with our trusted vendor partners, as well as other practice brokers to find a practice that suits your needs.
STEP FOUR
Analyze
The fourth step is to collect and analyze preliminary practice information. We will do a complete breakdown of clinical, staff, and financial reports with you to make sure the practice is of further interest.
STEP FIVE
Meeting
The fifth step is to set up a meeting with the seller. This meeting is a tour of the office to see the equipment, furniture, and layout of the practice. We only focus on treatment philosophies and getting to know the seller to see if you have interest in moving forward. We do not discuss numbers at this meeting.
STEP SIX
Letter of Intent
The sixth step is to draft a Letter of Intent (LOI) and finalize any due diligence needed. The LOI will cover a handful of key deal points necessary for an attorney to put together the Asset Purchase Agreement (APA). The follow up to the LOI is to have an in-person meeting to complete the APA Checklist. This checklist conversation works out many deal points needed for a successful transition and allows the attorneys to focus on the legal aspects of the APA and not the business aspects.
STEP SEVEN
Attorney
The seventh step is to hire a knowledgeable attorney (we have vetted recommendations) to draft and/or redline all necessary documents. Each transition is unique and may require up to 5 or more different documents. Your Harvest Transitions broker will help make sure you are educated on all the necessary documentation and that your attorney has all the information they need to protect you.
STEP EIGHT
Closing
The eighth and final step is the closing and transition period. We get to celebrate you moving into ownership! Now, you get to get into the practice, start working with patients, and slowly implement any workflow changes you’d like to make. We look forward to walking you through the whole process and making sure you walk away confident and prepared for the beginning of your practice ownership adventure.
Contact us today so we can guide you through the process of becoming a practice owner!
