First Step: NDA and Financial Review
Laying the Groundwork
The first critical step in the buying process is protecting sensitive information. As the buyer, we begin by establishing confidentiality through a Non-Disclosure Agreement (NDA), followed by a thorough financial review to ensure the sale process is based on accurate, up-to-date information.
NDA Protection
The NDA ensures that all sensitive information, including patient data and financials, remains confidential throughout the process. As the buyer, we are committed to upholding this legal agreement to protect both parties, fostering trust and transparency in the transaction.
Financial Transparency
We request financial statements and tax documents from the past three years to provide a clear picture of the institution’s financial health. This step ensures that we, as the buyer, fully understand the institution’s current position and allows us to assess the true value of the business.
Valuation Preparation
Based on the financial review, we assess your institution’s worth. As the buyer, this step sets the stage for future negotiations and ensures that the asking price is backed by solid data and financial performance, helping us arrive at a fair and accurate value for the business.