Name
How to Prepare for Fundraising or a Sale – Discussion with your Outside Advisors
Date & Time
Wednesday, November 6, 2024, 2:15 PM - 3:00 PM
Jena Grady Kemi Sulaimon Vasanta Pundarika Chris Rogers
Description

Telehealth platforms as well as other behavioral health service providers spend a significant amount of time focusing on their vision and seek optimal ways to quickly grow that vision through outside funding. Others are focused on how to successfully sell their company to a buyer that aligns with the seller’s vision and financial expectations. Internal teams at such companies tend to focus only on certain aspects when preparing for fundraising or a sale and do not analyze the big picture which can lead to potential pitfalls. This session will help companies seeking to fundraise or sell understand outside advisors’ role (i.e, legal, investment banking, accounting) and how outside advisors work with companies early on to address potential roadblocks that can deter buyers/investors that, now more than ever, are highly scrutinizing how they will invest in the behavioral health space. From a legal perspective, we will discuss how to ensure telehealth platforms are structured in a legally compliant way, and some of the legal issues we have seen deter investments due to unmitigated compliance risks and how to avoid them. From an accounting perspective, we will discuss how to ensure financial statements support the telehealth platforms valuation which, in turn, helps accelerate the transaction process and avoid broken deals. From a business perspective, we will discuss how to position and develop a telehealth company’s growth strategy to garner more value for a founder/seller in this more risk-averse market environment. We will integrate these three different perspectives to help founders begin planning and preparing their company prior to embarking on a fundraising/sale process.