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Employed physician, practice being sold

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  • Employed physician, practice being sold

    I am an health system employed outpatient physician who is starting to see all the signs that our hospital is going to sell off our group of clinics to another hospital system.  Is there anything I should be preparing for or watch out for during this process.  I have reviewed my contract and it does not say anything about what happens to it if they sell our practice.  Does my contract go away and I am required to sign a new one for the new system, do my 401k benefits get transferred or is it just like I quit and got a new job?  Any advice if anyone has gone through this would be great.