Setting up, buying and selling dental practices, pharmacies and care homes
You might be planning on setting up your own healthcare business rather than buying a currently operating business. Whether your specialism is in the dental, pharmacy or care home sector, we can advise on the wide range of business structures and discuss the most suitable structure for your healthcare business. We can help nurture your business from incorporation and advise you on the relevant compliance and regulatory requirement and also assist with the legal aspects at every stage of its development.
Alternatively, if you are looking to acquire an existing dental practice (private or mixed), pharmacy or care home business (whether residential or domiciliary) our dedicated team will help you through what can often be a complex and daunting exercise. We have particular expertise in these sectors and can manage the process for you, from carrying out the initial due diligence on the healthcare business, advising on the related property aspects and any employment or staff issues that may arise and see the acquisition through to completion.
You may be deciding to downscale your healthcare portfolio, sell a share of your healthcare business or sell the whole business. If you are looking to sell your business or part of it, we can advise you from negotiating the initial heads of terms and liaising with your selling agent (if appointed) through to completion. If you are deciding to sell part of your business and enter into a partnership or joint venture arrangement, we can assist you to ensure that your partnership or joint venture arrangement meets your specific objectives.
Advising on Care Quality Commission (CQC) and NHS issues and regulation
Healthcare business is inherently governed by third party regulation and compliance, whether that is by NHS England, NHS Wales, the CQC or other third party regulator. Third party regulatory issues play a part both during the on-going operation of the healthcare business and when a business is being acquired or sold. Non-compliance with the rules and regulations can be costly, time-consuming and in some cases penalising. We can advise you on the compliance issues that arise if you are buying or selling your business or if you are deciding to enter into a joint venture or partnership arrangement.
Advising on partnership agreements, shareholders’ and expense share agreements in the healthcare sector and on associate contracts, employment contracts
You healthcare business may be structured as a partnership, as an ‘expense share’ arrangement or operated as a corporate vehicle. Each of these structures should have an agreement in place to formalise the rights and obligations of the relevant partners or shareholders of the business. Without an agreement in place, the entity operating the healthcare business can be at risk, or expensive litigation may become necessary. We have extensive experience in advising on and preparing partnership, and shareholders’ agreements tailored to specific requirements.
Whether you are looking to acquire an operational healthcare business or set up a new one, you will also require the services of healthcare professionals, whether they are engaged as employees or consultants. Our employment experts can advise you on the employment and consultancy agreement from both a legal and regulatory perspective.