The National Veterinary Law Group at Mandelbaum Barrett PC is pleased to announce the successful representation of the owners of a New Jersey veterinary hospital in the strategic sale of both the veterinary practice and the related real estate. The transaction was led by Peter H. Tanella, Chair of the firm’s National Veterinary Law Group, with assistance from attorney Eileen Funnell and paralegals Kara Cobb and Lindsey Priolo.
The transaction involved the simultaneous sale of the veterinary practice and the underlying real estate, requiring the negotiation of a comprehensive suite of definitive transaction documents and careful coordination of numerous interrelated legal, financial, and operational issues. Our team advised the sellers on sophisticated purchase price allocation and tax structuring matters, seller financing arrangements, restrictive covenant provisions, post-closing transition planning, employment considerations, and numerous ancillary agreements designed to facilitate a seamless transfer of ownership while protecting our clients’ legal and financial interests. The transaction required close collaboration among legal counsel, accountants, lenders, and other professional advisors to develop tax-efficient and commercially practical solutions while successfully navigating the unique business, regulatory, real estate, financing, and succession planning considerations associated with the sale of a veterinary practice and its related real estate. From the initial letter of intent through closing, our team worked closely with the parties and their advisors to navigate the legal, tax, financing, real estate, employment, and succession planning issues presented by this sophisticated transaction while remaining focused on protecting our clients’ interests, minimizing execution risk, and delivering a smooth and successful closing.
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