Selecting the Right CPA for Your Radiology Practice Transaction
When you’re considering buying or selling a radiology practice, having a CPA with specialized healthcare M&A experience can mean the difference between a smooth transaction and costly surprises. The complexity of multisite operations, imaging center valuations, and private equity deal structures requires expertise that general accounting firms simply don’t possess. Your CPA needs to understand not just the numbers, but the unique regulatory, operational, and reimbursement challenges that radiology practices face.
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Top CPA Firms Specializing in Radiology
1. FORVIS (formerly BKD)
Headquarters: 14241 Dallas Parkway, Suite 1100, Dallas, TX 75254
Service Area: National
Website: https://www.forvis.com
2. CliftonLarsonAllen (CLA)
Headquarters: 220 South 6th Street, Suite 300, Minneapolis, MN 55402
Service Area: National
Website: https://www.claconnect.com
3. Moss Adams
Headquarters: 999 Third Avenue, Suite 2800, Seattle, WA 98104
Service Area: National (Strong West Coast presence)
Website: https://www.mossadams.com
4. Eide Bailly
Headquarters: 4310 17th Avenue S, Fargo, ND 58103
Service Area: National (Strong Midwest/Western presence)
Website: https://www.eidebailly.com
5. Cherry Bekaert
Headquarters: 200 South 10th Street, Suite 900, Richmond, VA 23219
Service Area: National (Strong Southeast presence)
Website: https://www.cbh.com
How to Select the Right CPA for Your Radiology Practice Transaction
Finding the right CPA for your radiology practice transaction starts with verifying their specific experience in healthcare M&A, particularly with imaging centers and multisite operations. You’ll want to request references from similar transactions they’ve completed in the past 18-24 months, focusing on deal size and complexity comparable to yours. Most importantly, ensure the actual team members assigned to your transaction have hands-on experience with radiology practices, not just healthcare in general.
When evaluating potential CPAs, pay close attention to their understanding of radiology-specific issues like equipment valuations, professional reading contracts, and teleradiology arrangements. The right firm should demonstrate expertise in both the financial and operational aspects unique to imaging practices. They should also be transparent about their fee structure – for a mid-sized, multilocation radiology practice, expect fees ranging from $35,000 to $150,000 depending on the scope of work and complexity of your transaction.
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Frequently Asked Questions
Why is it important to select a CPA with specialized healthcare M&A experience for radiology practice mergers and acquisitions?
Specialized healthcare M&A experience is crucial because radiology practices involve complexities like multisite operations, imaging center valuations, and private equity deal structures. A CPA with this expertise understands the unique regulatory, operational, and reimbursement challenges, ensuring smoother transactions and avoiding costly surprises.
Can you name some top CPA firms specializing in radiology practice mergers and acquisitions?
Yes, some of the top CPA firms specializing in radiology practice M&A include FORVIS (formerly BKD), CliftonLarsonAllen (CLA), Moss Adams, Eide Bailly, and Cherry Bekaert. These firms have national service areas and strong regional presences.
What should you verify when selecting a CPA for your radiology practice transaction?
You should verify their healthcare M&A experience specific to radiology, request references from similar transactions in the past 18-24 months, and ensure that the actual team working on your transaction has hands-on experience with radiology practices. Pay attention to their understanding of radiology-specific issues like equipment valuations and teleradiology arrangements.
What unique issues must a CPA understand when handling radiology practice mergers and acquisitions?
A CPA must understand radiology-specific issues such as equipment valuations, professional reading contracts, teleradiology arrangements, and the operational nuances of multisite imaging centers. This specialized knowledge ensures comprehensive financial and operational expertise for imaging practices.
What is the typical fee range for CPA services in mid-sized, multilocation radiology practice transactions?
For mid-sized, multilocation radiology practice transactions, CPA fees typically range from $35,000 to $150,000 depending on the scope of work and the complexity of the transaction.
