About LPS

LPS clients will have many “First Dates” which are conference calls with qualified IDSOs we have identified that could be a fit for you both from a value and your description of the ideal partner. If you like each other, we move to the next step.

The IDSOs then submit their initial bids within a specified period of time. Together, we will then choose three finalists which will be invited to the next step in the process.

Executives from the IDSO and an LPS partner will meet with you at your office, after hours, and then have dinner. The dinners with the three finalists are scheduled on three consecutive nights to create bidding tension. The second dates are typically followed by higher offers in the form of a Letter of Intent (LOI).

The LOI is the culmination of the negotiations of a partnership. All terms and conditions will be defined in detail including purchase structure, consideration, employment terms, leases, Earn Out consideration for future performance, non-competes and other details. The LOI becomes the road map for the closing process.

While LPS pits the three finalists against each other to secure doctors the best deal with their preferred partner, doctors are introduced to doctors who have joined the IDSO you are considering. LPS clients will have private conversations with other doctors which have joined the finalist IDSO to learn what may change, what will not change and if the IDSO lived up to its promises.

Your decision has been narrowed down to the best IDSO for you. We then negotiate the highest value, both long and short term and the best partnership terms for you and your team and put it in the form of a signed Letter of Intent (LOI).

LPS is your “wedding” planner at this point in the process. We handle due diligence and closing, including suggesting lawyers, accountants and negotiation of the Quality of Earnings audit process which is critical to achieving the highest value.

The entire closing process is managed by LPS. Your chosen lawyer will negotiate the Asset Purchase Agreement, employment agreements, lien releases, leases, associate agreement assignments, team benefits and many other critical items.

Prior to closing, your new IDSO partner will work with you to design a smooth integration process for you and your team to benefit from the IDSOs resources.

This process is designed to create a long partnership. It will ease administrative burdens, create a more diversified investment portfolio, grow your practice, and create wealth.
LPS ensures that you choose a partner with which you will have a long, successful relationship. LPS is involved long after closing to help our clients and their new partners in any way needed.