When the owner of a business makes the decision to sell, he or she is taking a giant step that involves the emotions as well as the marketplace, each with its own set of complexities. Those sellers who are tempted to undertake the transaction on their own should understand both the process and the emotional environment that this process is set against. The steps outlined below are just some...Read More
Buyers, as part of their due diligence, usually employ accountants to check the numbers and attorneys to both look at legal issues and draft or review documents. Buyers may also bring in other professionals to look at the business’ operations. The prudent buyer is also looking behind the scenes to make sure there are not any “skeletons in the closet.” It makes sense for a seller to be just as...Read More
Residential Care Facilities for the Elderly (RCFEs) in California are a great business model for meeting the needs of our aging population. It is estimated that by 2040, about one in five Americans will be age 65 or older (Urban.org) which means that there will continue to exist a need for senior care services. RCFEs are a non-skilled setting, meaning there are no requirements for licensed...Read More
There is no doubt that the times are definitely changing. The COVID-19 pandemic has caused a shift across many industries, and the simple fact is that many industries will never return to the old normal. Success in the 21st century will require a good deal of adaptation and the ability to evaluate where you stand today and where you need to be tomorrow.
One of the...Read More
By Ralph Santos, Broker – Healthcare Biz Brokers
In of May of 2021 the California legislature closed the door on the creation of new hospice agencies commencing in January 1, 2022 with a six-year moratorium that shook up the day to day business model of the hospice industry. This legislation stems from fraud and abuse that has been reported in the industry and with the stoppage of new...Read More