Going Vertical: The Hospital-Health Insurer Merger by Mintz Levin - Health Law on 4/25/2012 In today’s health care reform environment, “efficient health care delivery,” “stemming soaring health care costs,” and “improving outcomes” are just a few of the many often-stated goals. The proper role of antitrust...more
Department of Justice Requires Divestitures to Preserve Competition for Medicare Advantage Plans by Mintz Levin - Health Law on 4/2/2012 Under a proposed settlement agreement with the Department of Justice (DOJ), private insurers Humana Inc. (Humana) and Arcadian Management Services, Inc. (Arcadian) must divest certain of Arcadian’s assets in parts of five...more
Private Equity - Autumn/Winter 2011 by Dechert LLP on 12/22/2011 In This Issue: - p1 Transaction Insurance: A Strategic Tool for M&A - p4 Singled Out: The Rise of Single Asset Structures Selected Key Sponsor and Investor Issues - p5 Recent Developments in Acquisition Finance -...more
Australian Firms and the international challenge by stephen moss on 11/11/2011 One thing is for certain: the legal services sector is in the early stages of a seismic shift. Law firms that do nothing in the face of this changing landscape, do so at their peril. Let me describe the context of the...more
Leaving the Mothership - Employee Benefits for Spin-Offs by Peter Tobiason on 11/4/2011 When acquiring a spin-off from a corporate parent, benefits are key to post closing success and minimizing employee disruption. Employee benefits represent significant costs for middle market companies but are critical to...more
The FSA Bares its Teeth: Be Aware of International Enforcement Regimes by Thomas Fox on 7/22/2011 While many companies here in the US complain about the enforcement of the Foreign Corrupt Practices Act (FCPA), and are actively seeking to soften its enforcement by lobbying Congress to amend the FCPA, just imagine how they...more
Insurer to Purchase Vertically Integrated Medicare Advantage Plan/Provider by Sheppard Mullin Richter & Hampton LLP on 6/10/2011 WellPoint, one of the nation’s largest health insurers, has agreed to buy CareMore for approximately $800 million. WellPoint, which holds the license for Blue Cross in California and for Blue Cross Blue Shield in several...more
New York Department of Financial Services to Have Authority Beyond Legacy Regulators; New Legal Risks Emerge for Insurers by Sutherland Asbill & Brennan LLP on 4/27/2011 The merger of the New York Insurance and Banking Departments gives the combined Department heightened enforcement and regulatory powers over previously unregulated financial products and services. Sutherland suggests that...more
Courts have ultimate authority over the statutory interpretation of the Nonprofit Health Care Corporation Reform Act by Warner Norcross & Judd on 12/12/2010 After the Legislature amended the Nonprofit Health Care Corporation Reform Act, MCL 550.1101 et seq., (the Act) in 1994 to allow Blue Cross Blue Shield of Michigan (BCBSM) to purchase the state accident fund, a for-profit...more
Accountable Care Organizations by Katten Muchin Rosenman LLP on 10/28/2010 In this presentation: Basic Premise for ACOs; Dr. Berwick – CMS Administrator; ACO Vision; Medicare Shared Savings Program and Medicare Accountable Care Organizations: Section 3022 of Affordable Care Act; Organizations that...more
Crucci e delizie della leva finanziaria alla italiana by Nicola Carmine Salerno on 10/15/2010 Oltre ad essere titolari di attivi finanziari cospicui, le famiglie italiane detengono un patrimonio in obbligazioni e azioni/equity significativamente più consistente, in percentuale di Pil, rispetto alle famiglie dei...more
De-Risking the Book by Edwards Angell Palmer & Dodge LLP on 9/3/2010 As their balance sheets have come under stress, insurers have exited or are considering exiting non-core lines of business where acquisition costs and disappointing results do not justify continued dedication of assets....more
SEC Trends & Developments by Edwards Angell Palmer & Dodge LLP on 1/31/2010 In This Issue: *Eisner Hosts The Panel, “Is Your Company REady To Go Public?"...Page 1 *It's 2010: Do You Know Where Your D&O Policy Is?...Page 3 *Testron Loses Work Product Case...Page 6 *Whither IFRS?...Page...more
Acquiring Producers: The Legal Basics by Edwards Angell Palmer & Dodge LLP on 9/1/2009 A Producer is the colloquial name given to an insurance intermediary who generates business for insurers. A Producer can be any type of insurance intermediary; for example it might be an insurance broker acting as agent of...more
Using European Companies to Restructure Operations by Edwards Angell Palmer & Dodge LLP on 3/28/2009 In the last issue of Insurance and Reinsurance Review we looked at how European legislation is tackling cross-border M&A transactions through the Cross-Border Mergers Directive, the Acquisitions Directive and the Takeovers...more