Behavioral Health Acquisition Attorney in Minnesota

By Managing Partner Last updated

Acquisition Stars advises buyers and sellers on behavioral health acquisition attorney matters across Minnesota.

Serving 1 market across Minnesota.

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Behavioral Health Acquisition Attorney Practice in Minnesota

Acquisition Stars advises buyers and sellers on behavioral health acquisition attorney matters across Minnesota. Acquisition Stars helps clients with healthcare acquisitions and works with independent healthcare regulatory counsel on the regulatory work. An associate supports the M&A work. We tell you who would handle your matter before any introduction, and you decide whether to proceed.

Minnesota Transaction Considerations

  • Minnesota's complete ban on non-competes (effective July 2023) means target companies cannot retain employee non-compete covenants post-acquisition, fundamentally changing workforce retention strategies
  • Minnesota's 9.8% corporate franchise tax is among the highest in the nation and drives significant deal structuring to minimize Minnesota-sourced income
  • Minnesota requires mandatory combined reporting for unitary groups, which can pull in income from affiliates not directly operating in Minnesota

Discuss Your Minnesota Transaction

Share your transaction stage, the help you need and any relevant deadline to request an engagement assessment.

Please do not include confidential information in this form. Submitting this form does not by itself create an attorney-client relationship. Privacy Policy

Behavioral Health Acquisition Attorney Service Areas in Minnesota

Acquisition Stars represents clients in each of the following markets. Click any city to learn about behavioral health m&a legal services services in that area.

Minnesota Legal Framework for Behavioral Health M&A Legal Services

Non-Compete Agreements

Banned entirely (effective July 2023). Sale-of-business exception for 25%+ owners.

Banned effective July 1, 2023. Minnesota Statutes Section 181.988 voids all non-compete agreements entered into after July 1, 2023, with a narrow exception for the sale of a business (where the restricted party has an ownership interest of at least 25%). Non-solicitation and confidentiality agreements remain enforceable.

Tax Considerations

Minnesota imposes a 9.8% corporate franchise tax, one of the highest in the country. The state uses mandatory combined reporting for unitary groups, single-factor sales apportionment, and market-based sourcing. The high rate significantly affects deal structure and often drives structuring to minimize Minnesota-sourced income.

Filing Requirements

Entity mergers and conversions are filed with the Minnesota Secretary of State. Annual renewals are required. The Department of Revenue requires tax clearance for asset purchases. Regulated industries (insurance, banking, utilities) require separate approvals.

Bulk Sales / Asset Purchases

Minnesota has repealed UCC Article 6 (Bulk Sales). Minnesota Statute Section 270C.58 requires buyers of business assets to withhold a sufficient amount of the purchase price to cover the seller's unpaid state taxes, unless a tax clearance certificate is obtained from the Minnesota Department of Revenue.

Other M&A and Securities Services in Minnesota

Acquisition Stars handles M&A transactions for Minnesota clients and works with securities counsel on securities matters. Alex Lubyansky leads every M&A engagement.

Ready to Discuss Your Minnesota Deal?

Acquisition Stars helps clients with healthcare acquisitions and works with independent healthcare regulatory counsel on the regulatory work. An associate supports the M&A work.

M&A counsel since 2013. Nationwide practice. LOI through closing.

Request Engagement Assessment

Share your transaction stage, the help you need and any relevant deadline.

Please do not include confidential information in this form. Submitting this form does not by itself create an attorney-client relationship. Privacy Policy