P-13 Legal and Business Considerations in Practice Transitions; Contract Considerations; Non-competes; Equity Buy-ins for DSOs/private Equity
CE Hours: 1.5
Description: Every practice transition is distinct, and each one is driven by the unique personalities of the individuals and businesses involved in the deal. And while the same can be said of the legal and strategic business considerations involved in practice transitions, there are many issues that are common across all of them. During this presentation, David M. Aafedt, Shareholder, Practice Group Leader and Board Member at the Minneapolis Law Firm of Winthrop & Weinstine, P.A., will explore the key business and legal considerations to keep in mind during any practice transition, whether the sale is being made to an individual, a practice group, or a DSO.
Learning Objectives:
- Describe the steps that a prospective seller or purchaser should undertake before commencing the transition process.
- Identify the due diligence that should be undertaken prior to closing on any practice transition.
- Summarize the key legal and strategic business considerations that arise in a practice transition.
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David M. Aafedt, J.D.
David is a shareholder, practice group leader, and board member at the Minneapolis law firm of Winthrop & Weinstine, P.A., after having previously served as an Assistant Attorney General with the Minnesota Attorney General’s office.
David serves as legal counsel to hundreds of medical and dental providers, as well as health care businesses, regarding mergers, acquisitions, and transitions, licensing board investigations and enforcement proceedings, federal and state compliance and regulatory matters, government and private payer billing audits investigations, including fraud, waste and abuse, anti-kickback and Stark; credentialing and peer review; and state and federal privacy laws, including data breaches. He also routinely works with providers and their practices to conduct compliance audits to identify potential risks, and ensure that appropriate procedures and training are in place.
David also serves as an Assistant Adjunct Professor at the University of Minnesota School of Dentistry, where he teaches Legal Issues to the fourth year dental students.
David served as Chair of the Board of Directors for the Better Business Bureau of Minnesota and North Dakota for twelve years and now serves as its outside general counsel. He also serves on the Board and as Public Policy Commitee Chair for the Alzheimer's Association of Minnesota and North Dakota.
David was recognized by Best Lawyers in America© as “Lawyer of the Year” for Administrative/Regulatory Law in 2017 and 2019, has also been listed in Best Lawyers for Insurance Law and Health Law, and has been selected to the Minnesota Super Lawyers list for Administrative and Regulatory Law since 2007. David has also serves on the Executive Council of the Health Law and Administrative Law Sections of the MSBA.
Speaker Disclosure
I declare that I have no proprietary, financial, or other personal interest of any nature or kind in any product, service, course, and/or company, or in any firm beneficially associated therewith, that will be discussed or considered during the proposed presentation.