It’s easier than you think to get started with Parallel.
After our initial contact, we both will sign a non-disclosure form that ensures our conversations and requests are held in complete confidentiality.
We request high-level financial information to assist us in the valuation of your practice. We’ll also coordinate management meetings to ensure all questions are answered.
Once we’ve had a chance to review the information provided and talk to you about the practice, we will prepare a letter of intent. The LOI is a non-binding document that describes the detailed terms of the transaction.
Once an LOI is signed by both parties we conduct confirmatory due diligence. During this stage, we will introduce you to our legal, accounting, benefits, and compliance advisors. Most, if not all, of their work will be handled remotely.
Once the confirmatory due diligence is done and the legal documents reviewed, it’s time to close the deal. Once the documents are signed, we wire your cash proceeds.