The LOI is the easy part. Here's the complete checklist of what to verify — financially, operationally, and legally — before you close on a practice acquisition.
A signed LOI is just the start. Due diligence is your window to verify everything you were told during negotiations — and to walk away or renegotiate if the numbers don't hold up.
Give yourself 30–60 days for a proper diligence period on a practice acquisition. Rushing this phase to close faster is one of the most common regrets buyers report after the fact.
Every number the seller has given you during negotiations should be independently verified here — not just accepted on faith.
These items are less glamorous than the financials but just as capable of derailing a transaction if discovered late.
Budget 30–60 days for due diligence, engage a healthcare CPA and attorney before you start, and never waive financial verification just to move faster — it's the single most common source of post-closing disputes.
Important Disclaimer: The information on this page is for educational purposes only and does not constitute legal, financial, or tax advice. Every practice sale is unique. PracticeAmerica strongly recommends consulting a healthcare M&A attorney, a CPA experienced in medical practice transactions, and a financial advisor before making any decisions regarding a practice purchase or sale.
PracticeAmerica's document vault and deal progress tracker keep your diligence checklist organized from LOI to closing.