We help hospitals and investors across the globe in finding each other and to improve the healthcare facilities. Therefore, we know that most hospitals are under enormous financial stress of loans and investments. Nevertheless, the healthcare sector has incredible potential for growth.

Leasing a hospital helps eliminate high revenue targets and makes healthcare more affordable for patients. Therefore, if you are interested in buying or running a hospital on lease, but are unsure about the process, look at our step-by-step guide below.

Hospital Leasing Procedure: 12 Quick Tips for Success

First and foremost, hospital leasing is a big investment of money and time. Therefore, avoid depending on your staff or management to follow things. They may not be experts to assess or will not give you the clear picture. Also, they may think that their job can continue for many years if this deal happens.

1. Register for free

Register for free with http://www.hospitalforsalelease.com/register. Firstly, follow the processes outlined there for investors or hospitals as applicable. Subsequently, search for investors that meet your criteria. In addition, get contact details from the portal & begin your negotiations directly offline at 0% brokerage fee.

2. Understand working styles

Importantly, engage in an honest discussion to understand the background, nature, attitude, and working style of each other. Also, ensure you outline and know what the other party looks to accomplish. Additionally, determine whether you can work well as a team. There can be a mismatch in the thinking and working styles of both parties.

3. Conduct due diligence

Hire an independent, third party, professional company to complete a due diligence. Especially relevant, this includes a comprehensive appraisal of the hospital, its owner, its financial situation, and management. Thus, ensure the investor gets a complete picture of the business in question. In essence, he needs to verify any legal liabilities to avoid litigation, harassment, and waste of time and money.

4. Conduct structural appraisal

Hire an independent, third-party technical expert to do a detailed structural appraisal. Furthermore, check the infrastructure and the estimated life of the current infrastructure.  Also, review how it supports future expansion plans.

5. Determine cost of future developments

Hire a construction company to determine the cost of future developments. This includes building floors, adding new departments, BOQ’s, etc.

6. Do operational research

Importantly, check the status of equipment, AMC, expiry, new equipment needed, and costs.

7. Do market research

Analyze the market research to determine the growth potential of the hospital. Also, check the new services required by the market, price, equipment, challenges, etc.

8. Explore staffing alternatives

Explore various staffing options. Subsequently, understand the costs associated and find out how to go about hiring capable staff.

9. Validate compliance status

Get an independent Compliance Officer to validate the status of compliance that the hospital has. Subsequently, check the necessary applications for a smooth running of the hospital. Various agreements required are as per below:

http://www.jaypeejournals.com/ejournals/ShowText.aspx?ID=5151&Type=FREE&TYP=TOP&IN=_eJournals/images/JPLOGO.gif&IID=396&isPDF=YES

10. Identify permits required

Significantly, you require several licenses to start a hospital. So, validate that with an independent company. Permits required are:

http://qc.hopehospitals.in/list-of-licenses-and-statutory-obligations

11. Optimize legal transaction

Negotiate terms and finalize your arrangements in writing as per laws of the country. Most of all, the investor MUST get the legal agreement signed from his or her place. Consequently, it should not be from the place where the local hospital owner has contacts with police and legal system. The owner can trap and make life hell for the investor.

12. Communicate and engage

Communicate often and stay involved. Consequently, work towards the goals you set out for yourselves at initial meetings.

Nevertheless, if you have any unanswered questions about the leasing process, do contact us at
https://www.hospitalforsalelease.com/contact-us

Let’s change the landscape of hospital ownership and investment for a brighter, healthier tomorrow.