OUR PROCESS
OUR PROCESS SUPPORTS YOU WITH SERVICES TAILORED TO YOUR NEEDS
Let our leadership team handle the non-clinical tasks so you can focus on your patients. The process of joining Parallel is easy. Why Parallel? We deliver the practice management expertise to meet your goals, while also being easy to work with, honest and flexible every step of the way.
Non-Disclosure Agreement
To get started, we both sign a non-disclosure form that ensures our conversations and requests are held in complete confidentiality.
Preliminary Financial Evaluation
We request high-level financial information to assist us in the valuation of your practice. Then we coordinate meetings to create a process and plan unique to your business. Along the way, we always make sure that all of your questions are answered.
Letter of Intent (LOI)
Parallel's team reviews the information provided and talks with you about the practice. Then we prepare a letter of intent. The LOI is a non-binding document that describes the detailed terms of the process and transaction.
Confirmatory Due Diligence
Once an LOI is signed by both parties, we conduct confirmatory due diligence. During this stage, we introduce you to our legal, accounting, benefits, and compliance advisors. Most, if not all, of their work is handled remotely.
Definitive Agreements
After the confirmatory due diligence and legal documents are complete, it’s time to close the deal. When the documents are signed, we wire your cash proceeds.
Non-Disclosure Agreement
After our initial contact, we both will sign a non-disclosure form that ensures our conversations and requests are held in complete confidentiality.
Preliminary Financial Review & Evaluation
We request high-level financial information to assist us in the valuation of your practice. We’ll also coordinate management meetings to ensure we create a plan unique to your business and all questions are answered.
Letter of Intent (LOI)
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.
Confirmatory Due Diligence
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.
Definitive Agreements
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.
HOW WE MAKE GREAT PRACTICES GREATER
GROW YOUR BUSINESS
Our best-in-class practice management administrative support gives you the benefits that larger networks enjoy.
IMPROVE OPERATIONS
Parallel’s shared services alleviate the administrative burdens to grow your private practice and physician earnings.
ATTRACT TOP TALENT
Rely on our recruiting and HR teams to empower your top talent, so your employees want to join and stay with your practice.
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