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Ext. PublicationSuccess Story: Validating Financial Deal Terms Related to An Urgent Care Transaction
Health Care Valuation Services
Transaction Advisory Services
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The Client
The client is a not-for-profit health system on the East Coast focused on expanding access to convenient, community-based care across a broad regional footprint. As part of its growth strategy, the organization pursued the acquisition of select locations from a multisite urgent care chain.
The Challenge
After entering a nonbinding letter of intent (LOI), the health system had just 90 days to complete financial due diligence. Without a full in-house transactions team, leadership needed additional support to evaluate the deal while managing other operational, legal and integration priorities.
From a financial standpoint, the organization needed to confirm that historical revenue and earnings were accurate, ensure the purchase price aligned with fair market value (FMV) and determine an appropriate purchase price allocation. The complexity of the analysis was heightened by the seller’s commingled accounts, interconnected cash flows across locations, staff cost inflation trends and visit volume fluctuations resulting from COVID-19.
The Process
Weaver supported the health system by leading the financial components of due diligence while the client focused on operational, legal and integration workstreams. Our work centered on evaluating the urgent care chain’s financial performance and determining whether the proposed deal terms aligned with FMV requirements.
Key elements of our process included:
- Revenue and earnings validation: Reviewed financial information across multiple locations to confirm the accuracy and consistency of historical revenue and earnings
- Fair market value determination: Developed an FMV analysis of the portfolio of urgent care centers to help the health system assess whether the proposed purchase price was appropriate
- Purchase price allocation: Prepared a purchase price allocation across acquired assets to support transaction reporting and compliance requirements
Throughout the engagement, we worked efficiently within the 90‑day due diligence window, coordinating multiple interrelated workstreams and maintaining ongoing communication with leadership to provide well-supported analyses for informed decision-making.
This engagement highlighted the value of Weaver’s integrated health care valuation and transaction advisory teams working in close coordination to deliver consistent, defensible analyses across due diligence, fair market value and financial reporting. By leveraging a unified financial advisory approach, the client benefited from streamlined execution, reduced risk and clearer insight at every stage of the transaction.
The Deliverables
Weaver delivered timely, accurate and well-supported financial due diligence that enabled the health system to proceed with the transaction on a sound financial foundation. Final deliverables included a quality of revenue and earnings assessment, an FMV analysis of the urgent care portfolio and a purchase price allocation aligned with not-for-profit reporting and compliance requirements.
We also confirmed compliance with key regulatory frameworks, including the Physician Self-Referral Law (Stark Law), the Anti-Kickback Statute and the rules governing private inurement and private benefit under 501(c)(3) regulations.
Together, these deliverables equipped leadership with defensible documentation to validate deal terms and support a smooth closing process. The client also gained confidence in reporting the transaction’s impact to external auditors, reinforcing transparency and trust.
©2026
Success Story