As a quick definition, practice due diligence is an investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.

At any event, Due diligence is a way of preventing unnecessary harm to either party involved in a transaction. To ensure that our clients are receiving the best possible services, Premiere Practice Transitions places a high value on performing detailed practice purchase due diligence. This includes, but is not limited to, the following: 

• Reviewing all financial records
• Examining any item deemed material to practice sale
• Research and assessment on buyers ability to complete the purchase
• Other items that would affect the purchased entity or the seller after the sale has been completed