Selecting the Right CPA for Your Assisted Living Facility Practice Transaction
When buying or selling an assisted living facility practice, having a specialized CPA with deep sector expertise can make the difference between a successful transaction and costly mistakes. CPAs experienced in ALF transactions understand the unique regulatory compliance requirements, complex revenue streams, and operational nuances that impact valuation and deal structure. Their expertise protects your financial interests throughout the transaction process.
The structure of your practice sale has major implications for your after-tax proceeds. Learn about our Tax-Efficient Sale Structures →
Top CPA Firms Specializing in Assisted Living Facilities
1. BerryDunn
Headquarters: Portland, Maine
Service Area: National
Website: https://www.berrydunn.com
2. Dark Horse CPAs
Headquarters: Louisville, Kentucky
Service Area: National
Website: https://darkhorsecpa.com
3. CliftonLarsonAllen
Headquarters: Minneapolis, Minnesota
Service Area: National
Website: https://www.claconnect.com
How to Select the Right CPA for Your Assisted Living Facility Practice Transaction
Start by evaluating each firm’s specific experience with ALF transactions, including their track record with multi-site operations and regulatory compliance expertise. Request references from recent ALF deals and compare their proposed fee structures against the complexity of your transaction. Schedule initial consultations with your top candidates to assess their understanding of your specific goals and their proposed approach to maximizing your transaction value.
Every practice sale has unique considerations that require personalized guidance. Book a Confidential Strategy Session →
Frequently Asked Questions
Why is it important to have a specialized CPA for assisted living facility practice transactions?
A specialized CPA with deep sector expertise understands the unique regulatory compliance requirements, complex revenue streams, and operational nuances of assisted living facilities, which can significantly impact the transaction’s valuation and structure. Their expertise can protect your financial interests and help avoid costly mistakes.
What are some top CPA firms specializing in assisted living facility transactions?
Some top CPA firms specializing in assisted living facility practice mergers and acquisitions include BerryDunn (Portland, Maine), Dark Horse CPAs (Louisville, Kentucky), and CliftonLarsonAllen (Minneapolis, Minnesota). All these firms provide national services and have dedicated expertise in this area.
What factors should be considered when selecting a CPA for an assisted living facility practice transaction?
When selecting a CPA, evaluate their experience with ALF transactions, especially multi-site operations and regulatory compliance. It’s important to request references from recent ALF deals and compare fee structures relative to the transaction complexity. Initial consultations help assess their understanding of your goals and their approach to maximizing transaction value.
How can the structure of an assisted living facility practice sale affect the outcome?
The structure of the practice sale has major implications for the seller’s after-tax proceeds. Choosing a tax-efficient sale structure can maximize the financial benefits from the transaction and minimize tax liabilities.
What is a recommended next step for someone looking to sell or buy an assisted living facility practice?
It’s recommended to schedule a confidential strategy session with an experienced CPA to receive personalized guidance. This session helps address the unique considerations of your practice sale and formulate an approach that maximizes your transaction value.
