Spire’s transaction process is built on transparency, collaboration and accountability to enhance efficiency and ensure that we are establishing the framework for a successful long-term partnership.
Step 1 – Introductions and Getting to Know Each Other
Our transaction process begins with an introductory meeting to get know to each other, ensuring mutual alignment of goals. This initial phase includes signing a non-disclosure agreement to protect sensitive information and foster a foundation of trust and confidentiality.
Step 2 – How Can We Help? Can We Do Great Things Together?
Following execution of a non-disclosure agreement, we request background information and data from the practice which allows us to conduct preliminary due diligence and a financial review. If we believe it’s a good fit, we will present a letter of intent outlining the terms of the partnership. The letter of intent is the framework for the definitive agreement and outlines the transaction value based on preliminary due diligence.
Step 3 – Let's Make It Happen – Confirmatory Diligence, Agreements and Closing
Upon execution of a letter of intent, we move forward to confirmatory due diligence, drafting definitive agreements and closing. Confirmatory diligence involves third-party quality of earnings review, compliance, coding, and legal review, and other diligence areas. Definitive agreements include the asset purchase agreement, provider employment agreements, management services agreement and other ancillary agreements.
Our transaction process begins with an introductory meeting to get know to each other, ensuring mutual alignment of goals. This initial phase includes signing a non-disclosure agreement to protect sensitive information and foster a foundation of trust and confidentiality.
Following execution of a non-disclosure agreement, we request background information and data from the practice which allows us to conduct preliminary due diligence and a financial review. If we believe it’s a good fit, we will present a letter of intent outlining the terms of the partnership. The letter of intent is the framework for the definitive agreement and outlines the transaction value based on preliminary due diligence.
Upon execution of a letter of intent, we move forward to confirmatory due diligence, drafting definitive agreements and closing. Confirmatory diligence involves third-party quality of earnings review, compliance, coding, and legal review, and other diligence areas. Definitive agreements include the asset purchase agreement, provider employment agreements, management services agreement and other ancillary agreements.
Interested in Becoming a Partner?
We partner with like-minded, high-growth practices that want to shape the future of orthopedic care.