Buying a Medical Practice In Ontario

Only licensed physicians can purchase a medical practice. Although buying a medical practice may be a safer financial decision, there may be some major adaptations required to continue the process successfully. Buyers are likely required to adapt to current practices and cultures or risk losing patients and staff. From a legal perspective, purchasing a medical practice requires fundamentally the same core steps as other business purchases: Due diligence is the rule of thumb. First Things First: Confidentiality & Non-Disclosure Agreement Although some practitioners may wish to shortcut the sale and purchase process and rely solely on a written agreement to complete...

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