Selecting the Right Auditor for Your Sports Medicine & Performance Therapy Practice Transaction
When buying or selling a sports medicine and performance therapy practice, having an auditor with specialized healthcare experience can mean the difference between a smooth transaction and costly compliance issues. The right auditor not only validates financial statements but also identifies potential regulatory concerns unique to sports medicine practices, particularly those with multiple locations and integrated performance therapy services.
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Top Auditor Firms Specializing in Sports Medicine & Performance Therapy
1. BKD CPAs & Advisors (now Forvis Mazars)
Headquarters: 417 N. 7th Street, Suite 100, St. Louis, MO 63101
Service Area: National (40+ states)
Website: https://www.forvismazars.us
2. Moss Adams LLP
Headquarters: 805 SW Broadway, Suite 1200, Portland, OR 97204
Service Area: Western United States
Website: https://www.mossadams.com
3. AssuranceLab
Headquarters: San Francisco, CA
Service Area: National
Website: https://www.assurancelab.com
4. Plante Moran
Headquarters: 27400 Northwestern Highway, Southfield, MI 48034
Service Area: Midwest and National
Website: https://www.plantemoran.com
How to Select the Right Auditor for Your Sports Medicine & Performance Therapy Practice Transaction
Choosing an auditor for your sports medicine practice transaction requires evaluating their specific healthcare experience, understanding of multi-location operations, and familiarity with performance therapy billing complexities. Start by requesting proposals from at least three firms, asking specifically about their experience with sports medicine practices and their approach to addressing common regulatory challenges like physician supervision requirements and therapy billing compliance. Most importantly, contact their previous sports medicine or orthopedic practice clients to verify their ability to handle the unique aspects of your transaction efficiently – audit costs typically range from 0.1% to 2% of your transaction value, making thorough vetting essential for both cost control and transaction success.
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Frequently Asked Questions
Why is it important to have an auditor with specialized healthcare experience for sports medicine practice transactions?
An auditor with specialized healthcare experience can identify potential regulatory concerns unique to sports medicine practices, validate financial statements accurately, and help avoid costly compliance issues during the transaction.
Which auditor firms are recommended for sports medicine and performance therapy practice mergers and acquisitions?
Recommended auditor firms include BKD CPAs & Advisors (now Forvis Mazars), Moss Adams LLP, AssuranceLab, and Plante Moran, each offering national or regional expertise specific to healthcare and sports medicine practices.
What factors should be considered when selecting an auditor for a sports medicine practice transaction?
Key factors include the auditor’s experience with sports medicine and multi-location operations, understanding of performance therapy billing complexities, and references from previous clients in the same field.
How much do audit costs typically range when going through a sports medicine practice transaction?
Audit costs typically range from 0.1% to 2% of the transaction value, so it is crucial to carefully vet auditors for both cost efficiency and quality of service.
What steps can practice owners take to prepare for a successful sports medicine practice sale?
Owners should thoroughly vet potential auditors by requesting proposals from multiple firms, check references, understand specific healthcare billing and regulatory requirements, and prepare their practice documentation to maximize final transaction value.
