Buying and Selling Healthcare Businesses in Minnesota
Buying or selling a healthcare business in Minnesota is not like any other transaction. In addition to contracts and financing, every deal involves strict DHS and MDH licensing requirements, compliance timelines, and regulatory approvals. Kennedy & Cain, PLLC guides clients through each stage of a healthcare business transition — from due diligence and CHOW filings to post-sale compliance — ensuring a smooth, informed, and fully compliant closing.
Every transaction carries risk, especially when licensing and patient care are involved. We help healthcare owners, buyers, and investors navigate the legal and regulatory challenges that come with change of ownership and organizational restructuring.
Our services include:
Due diligence and risk assessment
Change of Ownership (CHOW) filings and coordination with DHS and MDH
Drafting and reviewing asset and stock purchase agreements
Licensing and transition planning
Post-sale compliance and support
Whether you’re expanding your practice, acquiring a facility, or preparing to sell, we provide the strategic guidance needed to make informed decisions and close confidently.
Guiding Healthcare Business Transitions With Confidence
Healthcare businesses are subject to detailed operational and licensing requirements that don’t apply to standard commercial deals. Missing a step in the CHOW process or failing to notify the proper agencies can delay closing or interrupt billing and licensure. Our attorneys ensure each transition complies with DHS, MDH, and federal regulations so your business stays in good standing before, during, and after the sale.
Why Healthcare Transactions Require Specialized Counsel
We represent both buyers and sellers of licensed healthcare businesses across Minnesota, including:
Assisted living facilities
Home care agencies
Group homes and residential programs
Day training and habilitation (DT&H) providers
Mental health and community health programs
Our role is to safeguard every part of the transaction — from due diligence to closing — while protecting the operational continuity of the business. We coordinate with accountants, brokers, and agency representatives to ensure each step aligns with regulatory expectations and business goals.