Within sixty (60) days following the Closing, the Purchaser and the Seller shall complete a final closing statement where the Purchase Price will be allocated. If you intend to buy or sell a healthcare practice you might need an asset purchase agreement.Learn what it is and when it can be useful. The agreement defines key terms used in the sale such as assets, liabilities, closing date, and confidential information. Before you agree to buy into a medical practice, you'll need to look long and hard at all balance sheets and financial statements.