On October 2, the Small Business Administration (SBA) issued an important Procedural Notice clearing the way for dealmakers to begin closing M&A transactions involving targets with outstanding Paycheck Protection Program...more
The Government Accountability Office (GAO) has agreed to investigate the operations of for-profit Institutional Review Boards (IRBs) following a request made by Senators Elizabeth Warren (D-MA), Sherrod Drown (D-OH), and...more
This content was originally published on March 25, 2020. It was last updated as of Tuesday, May 26, 2020 at 5:00 p.m. CST.
In the advent of the COVID-19 public health emergency, many states acted to implement stay at home...more
This content was originally published on March 25, 2020. It was last updated as of Monday, May 11, 2020 at 5:00 p.m. CST.
In the advent of the COVID-19 public health emergency, many states acted to implement stay at home...more
This content was originally published on March 25, 2020. It was last updated as of Tuesday, April 28, 2020 at 5:00 p.m. CST.
As we continue to live with the COVID-19 public health emergency, several states have acted over...more
On April 21, the U.S. Senate approved an additional $100 billion in funding for the Public Health and Social Services Emergency Fund established under the CARES Act, including $75 billion for eligible healthcare providers and...more
On Wednesday, April 22, the U.S. Department of Health and Human Services (HHS) issued a press release announcing additional allocations from the $100 billion Public Health and Social Services Emergency Fund (PHSSEF) for...more
This content was originally published on March 25, 2020. It was last updated as of Monday, April 20, 2020 at 5:00 p.m. CST.
As we continue to live with the COVID-19 public health emergency, several states have acted over the...more
This content was originally published on March 25, 2020. It was last updated as of Wednesday, April 8, 2020 at 5:00 p.m. CST.
As we continue to live with the COVID-19 public health emergency, several states have acted over...more
With the much-anticipated release of the Small Business Administration (SBA) Interim Final Rule on affiliation under the Paycheck Protection Program (PPP) late on April 3, those waiting with bated breath for any clarification...more
While many healthcare-focused middle- and lower-middle market private equity firms and their portfolio companies continue to spend the bulk of their time addressing operational, cash flow and workforce issues related to...more
*this content was last updated as of Monday, March 23 at 12:00 p.m. CST -
As we continue to live with the COVID-19 public health emergency, several states have acted over the course of the last week to implement stay at home...more
As we enter week two of the White House’s issuance of guidelines urging all Americans to take steps for “15 days to stop the spread,” many physician practices, particularly specialty practices, are faced with a host of issues...more
The recently declared global pandemic, COVID-19, has had a particularly acute impact on the healthcare industry and healthcare private equity investors. There are many issues affecting private healthcare companies on several...more
By all accounts, 2019 proved to be another year of significant investment by private equity firms in the physician practice space. Below we discuss 10 trends we observed as counsel on a number of these transactions during...more
1/22/2020
/ Acquisitions ,
Commercial Insurance Policies ,
Contract Negotiations ,
Contract Terms ,
Due Diligence ,
Health Care Providers ,
Hospitals ,
Indemnity Insurance ,
Mergers ,
Partnerships ,
Physicians ,
Private Equity ,
Private Equity Firms ,
Private Equity Funds ,
Strategic Planning
Discover the factors that drove healthcare M&A activity in 2019.
Innovation, expansion and continued private equity investment in the industry influenced healthcare transactions last year. 2019 saw continued robust...more
1/16/2020
/ Acquisitions ,
Ambulatory Surgery Centers ,
Centers for Medicare & Medicaid Services (CMS) ,
Divestiture ,
EBITDA ,
Health Care Providers ,
Health Information Technologies ,
Healthcare Facilities ,
Home Health Care ,
Hospice ,
Hospitals ,
Joint Venture ,
Managed Care Contracts ,
Medicare ,
Medicare Advantage ,
Mental Health ,
Mergers ,
Pharmacies ,
Physicians ,
Private Equity ,
Private Equity Firms
Investors’ interest in healthcare continues to grow and healthcare-related deal flow in private equity appears to be at an all-time high. On November 5, Bass, Berry, & Sims member Tatjana Paterno moderated a Kayo Women in...more
Following the launch of several platforms in recent years, it seems that private equity’s interest in the fertility space is trending up again. Investment in this sector brings some unique issues that potential investors...more
11/13/2019
/ Anti-Kickback Statute ,
Clinical Laboratories ,
Consent ,
Discounts ,
Due Diligence ,
Fertility Treatments ,
Health Care Providers ,
Investors ,
Joint Venture ,
Partnerships ,
Patient Referrals ,
Physicians ,
Prescription Drugs ,
Private Equity ,
Private Equity Firms
In the wave of physician practice management transactions, urology is poised to be one of the next hot sectors. In addition to the issues to consider in connection with any physician practice transaction, below we discuss...more
6/26/2019
/ Anti-Kickback Statute ,
False Billing ,
False Claims Act (FCA) ,
Healthcare ,
Healthcare Fraud ,
Medical Devices ,
Pharmaceutical Industry ,
Physician-Owned Hospitals ,
Physicians ,
Private Equity ,
Safe Harbors ,
Stark Law ,
Value-Based Care
2018 marked a year of continued robust healthcare merger and acquisition activity, with deal volume surpassing that of 2017. The dollar volume of healthcare deals also exceeded 2017, highlighted by CVS Health Corp. (NYSE:...more
1/9/2019
/ Acquisitions ,
Acute Facilities ,
Ambulatory Surgery Centers ,
Health Care Providers ,
Health Information Technologies ,
Healthcare Facilities ,
Home Health Care ,
Hospice ,
Hospitals ,
Investors ,
Managed Care Contracts ,
Mergers ,
Pharmaceutical Industry ,
Pharmacy Benefit Manager (PBM) ,
Physicians ,
Private Equity ,
Private Equity Firms ,
Substance Abuse ,
Urgent Care Facilities
On July 17, 2018, the U.S. House of Representatives' Ways and Means Committee Subcommittee on Health ("Subcommittee") expressed its commitment to modernizing the Stark Law during a hearing in which industry and government...more
7/19/2018
/ ACOs ,
Affordable Care Act ,
Alternative Payment Models (APM) ,
Anti-Kickback Statute ,
Centers for Medicare & Medicaid Services (CMS) ,
Department of Health and Human Services (HHS) ,
Health Care Providers ,
Hospitals ,
Medicare Access and CHIP Reauthorization (MACRA) ,
OIG ,
Request For Information ,
Stark Law ,
Ways and Means Committee
Dermatology, ophthalmology, radiology, urology? The list goes on. Yet, in any physician practice management transaction, the following six key considerations apply and, if not carefully managed, can derail a...more
Spring cleaning season has arrived! This time of year serves as the perfect opportunity to revisit your portfolio company’s healthcare compliance. The complex and ever changing healthcare regulatory and enforcement...more
On December 3, 2017, CVS Health Corp. (NYSE: CVS) announced it would purchase health insurer Aetna Inc. (NYSE: AET) for $67.5 billion, a transaction that would be one of the biggest healthcare mergers in the past decade. The...more
The popularity of radiology practice consolidation is increasing, in part, due to the same catalysts that have driven other outsourced physician groups to consolidate – (a) the need to achieve scale and leverage in order to...more