Whether looking to buy, sell, or manage a health care licensed facility in Florida or simply exploring the market for opportunities, Howell, Buchan & Strong has long been one of the top legal firms qualified to represent companies and investors in the process among health care facilities.
For companies and investors opening a new health care facility or buying an existing facility, the transaction is regulated in the State of Florida by the Agency for Health Care Administration (AHCA). This state organization oversees health care licensure and the regulation of Florida’s health facilities.
As an investor buying, selling, or managing health care facilities, the transactions and paperwork required are extensive from filings, reporting, and surveying by AHCA to maintaining a facility in good standing. You need a qualified team with expertise in all areas of the process to increase the success of your transaction.
Investor Facility Transactions in the State of Florida
Howell, Buchan & Strong represents nearly 100 ownership cases annually on behalf of investors or companies that enter into agreements with health care facilities and need assistance making sense of the complex regulatory aspects of transactions in Florida.
Experienced in dealing with AHCA in the State of Florida, our representation extends to out-of-state companies and investors in the following areas where AHCA can become an administrative stumbling block:
- Facility Changes of Ownership
- Dealing with and Responding to Administrative Complaints
- Notice of Intent to Deny Your Application for Change of Ownership or Licensure
- Preparing Files for Contingency Funding
“The fact is that the State of Florida has a large aging community and the demand for assisted living or senior care facilities is great. But because of that large population of aging adults, Florida's regulations are very strict to ensure this population is being cared for properly. Investors looking to enter this market will find it complex and over-regulated,” said HBS attorney and partner, Rick Strong citing even stricter entry requirements. “For example, a facility owner has to show they have enough money to operate for at least two years prior to getting a license. We work with facility investors and owners to ensure all the right documents are submitted to get them operating as soon as possible.”
By working with a legal team with specialists in accounting, regulatory work, insurance and buy and sell agreements, investors can rest assured there are no missing pieces that will delay the process or transaction.
The greatest success comes when buyers and sellers consult legal advice ahead of the contracting and discussions between parties. While most buyers and sellers believe that a contract can protect them from liabilities, AHCA has specific guidelines and deadlines parties must meet to ensure the transaction goes smoothly and there are no missteps.
“We work closely with investors to help them understand all the aspects of a purchase, sale, or management of a health care facility in Florida. From preparing the spectrum of financial documents, background screenings, and the application process, our legal team is well-trained to work with every complexity that can arise. Howell, Buchan & Strong is who investors turn to navigate AHCA, the State and the buy and sell agreements,” said attorney and firm founder, Jeffrey Howell.
Our Team of Health Care Facility Transaction Attorneys
We’re proud to have a full-scope legal team experienced in all aspects of health care facility licensing, buying and selling, and change of ownership applications. Each attorney brings a unique level of competence and experience to these transactions that buyers and sellers lean on before entering into any discussions or agreements.
Have questions about your need for legal representation with buying or selling health care facilities? Contact the law firm of Howell, Buchan & Strong at 850-877-7776 to set up a FREE, no-obligation consultation. Our firm represents physicians, nurses, psychologists, and other licensed professionals statewide.
Orlando (407) 717-1773 | Tallahassee (850) 877-7776 | Tampa (813) 833-6726 | Sarasota (941) 779-4348