Background:
Lavelle Law represented an owner of a home health care agency, for the sale of their equity to a private equity firm. The agency provided home health and home care services to patients throughout the greater Chicagoland area.
Challenges:
The transaction presented challenges with respect to the determination of a fair closing working capital, as well as obtaining third-party governmental and accreditation approvals of the sale.
Result:
The transaction closed once the parties were able to agree on fair and reasonable provisions of the purchase documents.
Theodore M. McGinn
Shareholder
“Both parties were eager to reach a reasonable agreement, in order to close on the transaction. And through the patient dialogue and creativity of the professionals, the parties were able to allocate the risk in an acceptable way, which ultimately paved the way for a closing.”
Contact Ted McGinn to discuss your legal needs.
847-705-7555 or tmcginn@lavellelaw.com
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