We have been involved with many practice mergers, ranging from practices taking over a retiring single-handed GP practice to the merging of practices to form super-partnerships.
We can help:
- assess the financial effect of a merger and how this will impact on the partners’ income
- review accounts and provide comparisons of income and expenditure levels of practices merging
- prepare financial projections for the newly merged practice
- advise on parity models where practices merging have different earning levels
- by attending pre-merger meetings
- explain the pitfalls of a merger or split in terms of the effect on tax, business profits and superannuation
- check the legal documentation to ensure it is both practical and makes financial sense
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