The National Veterinary Law Group at Mandelbaum Barrett PC is proud to announce the successful sale of a sought-after veterinary practice in Florida. Led by Peter Tanella, Esq., Maria Groeneveld, Esq., and Eileen Funnell, Esq., with support from Paralegals Lindsey Priolo and Kara Cobb, our team guided the client through a seamless transaction with a leading corporate consolidator.
The deal included the negotiated assignment and transfer of the hospital’s facility lease, as well as several long-term vendor contracts, strategically structured to avoid the seller having to pay substantial early termination penalties and ensure the seamless continuation of practice operations. Concurrently, the seller’s outstanding bank loan was fully satisfied at closing, funded by the purchase price, allowing the seller to exit debt-free.
For the selling veterinarian, integrating the lease assignment, vendor contract transitions, and debt payoff into a single-transaction structure maximized practice valuation and ensured a smooth and efficient smooth ownership transition. For the buyer, the acquisition provides immediate access to a well-established, high-margin clinic, featuring a strong practice manager, dedicated staff, and efficient operations in a thriving Florida community.
These stories are successful case results from our attorneys. Please note that results may vary depending on your particular facts and legal circumstances.