When I was young, my mother would thoroughly clean our home the day before the maid came. When I asked her why, she said: “I would never want her to think we don’t keep a clean home.” Although that struck me as silly at the time, when it comes to health-care mergers and acquisitions, I’ve come to appreciate the wisdom of my mother’s words.
While health-care providers may think they’re in compliance with the myriad of health-care regulatory laws that govern their operations, a thorough cleaning by counsel on the other side of such transactions during due diligence often proves otherwise. Thus, getting your house in order before the maid comes, or conducting analogous compliance tasks, makes good business sense.
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