What must be done by a healthcare provider prior to selling their practice related to controlled substances?

Before a healthcare provider sells their practice that involves controlled substances, it is essential for them to notify the DEA. This notification is a critical step because the DEA regulates the handling of controlled substances, including their storage and transfer. When a practice is sold, the new owner will need to apply for their own DEA registration to continue handling controlled substances legally. The process ensures that all parties involved are compliant with federal regulations concerning the control and distribution of these substances.

While submitting a compliance report, transferring patient records, and updating licensing information may be necessary actions in other contexts, notifying the DEA specifically pertains to the handling of controlled substances and the legal implications that arise with a change of ownership. It's crucial for maintaining the integrity of the controlled substances management and ensuring that regulatory requirements are met during the transition of practice ownership.