We handle the full practice transition process — valuation, buyer matchmaking, financing, banking coordination, legal documentation, and deal facilitation. All in one place, led by doctors and a dedicated healthcare attorney.

Sellers:
Our in-house legal counsel drafts and reviews all key documents—LOI, NDA, Asset Purchase Agreement, and more.

Buyers:
We strongly recommend hiring your own legal counsel to review the purchase. We can refer you to independent attorneys and consultants to help with the process.

If a buyer chooses to waive independent counsel:
We can facilitate the transaction for both parties in a pure guidance aspect. We will  approach emphasizes transparency, objectivity, and professionalism to support smoother negotiations and more equitable outcomes while maintaining confidentiality.
That said, for full transparency, we are engaged by the seller. Buyers who proceed without their own counsel acknowledge the inherent risks and potential conflicts and agree to rely on our documents at their own discretion.

The price represents the total value of the transaction, which often includes tangible and intangible assets, such as equipment, goodwill, and sometimes inventory. Financing, on the other hand, defines how the purchase price is paid—whether through third-party commercial loans, seller-financed promissory notes, or a combination of both. For example, a practice priced at $250,000 may involve a $200,000 bank loan and $50,000 seller note, or adjustments based on lease takeovers or working capital credits.

Certain documents are reserved for post-offer due diligence to protect the seller’s confidentiality. You’ll receive enough vetted information (like tax returns) to decide if you want to proceed. After your offer is accepted, you’ll verify details with full access to records like bank statements and billing reports. If the facts don’t match expectations, your offer remains contingent and refundable.

We ask that buyers not contact sellers directly to minimize confusion, manage expectations, and avoid accidental deal friction. All communication is handled through ODoF to keep the process professional, consistent, and efficient.

Buying the A/R simplifies your transition. You keep all incoming payments and avoid tracking or forwarding money to the seller. It also gives you immediate working capital. Typically, buyers pay 95% of receivables under 90 days. It’s clean, efficient, and keeps post-close accounting simple.

It’s important that sellers see a complete and signed offer—not just a draft. This ensures they understand the full proposal, including timelines, employment terms, and contingencies. A signed offer also shows commitment and keeps the deal clean.

If you start the deal under your personal name but want to close under an LLC or corporation, that’s called an assignment. However, assigning too early can trigger re-approval from landlords or lenders. Often, it’s simpler to close personally and transfer the practice entity post-sale.

After a signed purchase agreement, you’ll contact the landlord. Most will assign the current lease or issue a new one. Your lease must be long enough to match your loan term if you’re financing. Don’t approach the landlord too early—they typically won’t engage without a signed deal.

While we provide in-house legal counsel highly experienced in optometry transactions, sellers are welcome to retain independent legal representation. However, it’s important to understand the potential implications.

We strongly recommend hiring your own legal counsel to review the purchase. We can refer you to independent attorneys and consultants to help with the process.

If you choose to involve your attorney, we recommend this approach: clearly communicate your intent to move forward with the deal and ask them to focus on identifying risks, not rewriting the contract. For example, you might say, “I want to do this transaction. I want you only to tell me about potential pitfalls. I don’t want you to tell me not to do it or that you need to rewrite the contract.”

This collaborative mindset helps maintain momentum and avoids unnecessary legal roadblocks, while still allowing your attorney to offer valuable insight.

Absolutely. Most practices are still purchased by independent optometrists seeking autonomy, flexible schedules, and long-term equity. Lenders continue to offer 100% financing to well-qualified buyers, and private ownership remains a viable, rewarding path for many ODs.

Meanwhile, PE firms focus on practices generating $1M+ in revenue with 15%+ EBITDA. They may offer higher-than-market valuations, but often require sellers to stay on post-sale and operate under standardized systems. Offers often include partial upfront cash, with earn-out or holdback provisions.