Debra Phairas
Practice & Liability Consultants, LLC
952 School Street, Suite 226
Napa, CA 94559
Tel. 415-764-4800
Email Debra

Norman Pearce
Cal Business Advisors
576 14th Street
San Francisco, CA 94103
CA DRE 01357560 / 00842540
Tel. 415-516-9009
Email Norman

Licensed Medical Practice Brokerage

Using a licensed broker when buying or selling a practice adds credibility, ensures fairness, maintains confidentiality, and facilitates a smooth transaction process. Licensed brokers bring expertise that protects all parties and helps navigate the complexities of such deals.

  • Enhances trust and credibility: Buyers tend to trust practices represented by licensed brokers, especially when a neutral third party is involved, which is important for financing purposes.
  • Ensures fair and binding transactions: Licensed brokers help avoid future liabilities for sellers and protect buyers from unexpected claims by guiding the deal objectively.
  • Provides comprehensive transaction support: Brokers gather necessary information, recast financial statements, value goodwill, clarify what is being sold, maintain buyer databases, and understand financing options.
  • Coordinates and negotiates effectively: They apply negotiation skills, manage emotional dynamics, serve as impartial intermediaries, coordinate among involved parties, and use experience to resolve issues.

Looking to sell your medical practice? Ready for Retirement or moving to a new place? 

For many physicians and healthcare professionals, retirement may feel like a distant milestone—or it might be right around the corner. Wherever you stand on the timeline, there’s one question you can’t afford to ignore: Do you have a clear exit plan for your medical practice?

At MedicalPracticesUSA.com, we understand the complexities involved in selling or closing a medical practice. Through our partnership with Practice & Liability Consultants, LLC, and Medical Practice Brokers, LLC, we offer tailored solutions to help you transition seamlessly—whether that means selling your practice, welcoming a new partner, or winding down operations in full compliance with federal and state regulations.

A Complex Process That Takes Time

Closing or selling a medical practice isn’t as simple as flipping the switch and handing over the keys. In states like California, legal and regulatory obligations can extend the timeline up to 24 months. From patient notifications and records management to financial settlements and state board requirements, every step demands meticulous planning.

Key considerations for a smooth transition include:

  • Notification Requirements: Inform patients, employees, vendors, payers, and the state medical board within specified timeframes.
  • Medical Records Transfer: Retain or securely transfer patient records in line with HIPAA, California privacy laws, and malpractice carrier guidelines.
  • Financial Obligations: Settle outstanding debts, file taxes, and collect payments.
  • Legal Compliance: Draft sale agreements, adhere to corporate practice regulations, and avoid Stark Law and Anti-Kickback violations.
  • Practice Valuation: Determine fair market value through a qualified business appraiser.
  • Employee Transitions: Communicate retention or staffing changes to protect practice goodwill and comply with labor laws.Tail Coverage: Maintain appropriate liability insurance post-closure or sale.