The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

I am considering selling my mental health practice. Do insurance contracts transfer in the sale?

Mental health practice with 5 clinicians, ~250,000.00 annual sales, on most major insurance contracts

No User Photo

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, or to rant about personal issues. It's all in the guidelines.

Submit Your Answer
Answers (2)
No User Photo

We are financial consultants to a group of investors whom we have their consent to manage their funds which is in our custody for cooperation in joint venture business investments.

Our areas of interest include Property Development and real estate, Health Care, Education and training, Mining and exploration, Energy, oil and gas,Technology, Software development, Agriculture, Manufacturing, Finance Services and Leisure.However, all viable proposals within reason will be considered.

Funds shall be made available to you as a direct investment loan at 3% interest rate per annual for a period of 2 or 30 years depending on what you prefer. You may contact us if you have interesting investment proposal for possible business collaboration for our study.

We look forward to your reply to enable us provide you with details or you may visit our website.

Kindly acknowledge receipt of email.

Thank you.

Yours Sincerely
Jesse Peterson
phone: (980) 239-7539

Aug 9, 2017
No User Photo
The BAF Group LLC

It depends on the Insurance Contract. You should seek out a Contracts Attorney, to be certain. There may be specific verbiage in the Contract that says whether it can be assigned or not. Sometimes, the Buyer can purchase the Stock, rather than the Assets of the business. That MAY allow the Contracts to convey, if they were written for the Company or Practice, rather that with one specific Therapist. But many Contracts will say that if the primary stockholder(s) change, it can alter the terms or even the validity of the Contract. And buying the Stock of the Corporate umbrella opens the Buyer to a variety of potential liabilities. So again - talk to an Attorney!

Sep 8, 2016

Start a Discussion