Healthcare Provider Transactions
Changes in reimbursement and increasing regulatory complexity, along with the need to deliver high-quality outcomes, are driving health care professionals, providers, and suppliers to seek alliances through investments, acquisitions, and other strategic partnerships. Arnold & Porter’s Healthcare Provider Transactions team efficiently delivers what matters most in these highly specialized transactions. As business-savvy lawyers who work collaboratively and think critically — and practically — we combine cutting-edge M&A capabilities with renowned regulatory insights to know “what’s market” and how to maneuver through the maze of health care-related regulations affecting physician practice management. By deploying our wealth of experience from serving physician practices, telehealth networks, diagnostic imaging providers, surgery centers, clinical labs, and other health care entities and investors, we adeptly achieve our clients’ immediate interests and long-term business goals.
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Full Range of Transactions for Health Care Entities: Acquisitions/dispositions, investments, joint ventures, captive practice and MSO arrangements, corporate reorganizations, physician employment agreements and compensation models, application transfers, and more.
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Comprehensive Compliance Coverage: Financial relationships with referral sources, marketing and sales activities, state licensure, payer mix, billing/collection, licensing, accreditation, quality-control issues and more.
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Related Regulatory Prowess: Anti-Kickback, Stark Law restrictions and other related fraud and abuse laws; deals involving entities under investigation or with existing corporate integrity agreements.
Experience Highlights
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Physician practices (including the Retina Group of Washington, Carolina Eyecare Physicians, Retina Consultants of Houston, VitreoRetinal Surgery, Minnesota Eye Consultants, Barnet Dulaney Perkins Eye Center, a Maryland dermatology practice, Pacific Eye Institute, The Eye Associates of Manatee, Inland Eye Specialists, Delaware Eye Care Center and multiple other physician practices) in sale transactions and entry into practice management arrangements with portfolio companies of private equity buyers.
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University medical system in the formation of a joint venture with a regional management company.
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CML Healthcare (Canada) in its acquisition of diagnostic imaging facilities in the Northeast United States.
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Onex Corporation in its initial investment in Schumacher Clinical Partners and, after Schumacher became its subsidiary, in Schumacher’s acquisitions of ECI Healthcare Partners, a leading US provider of emergency and hospital medicine management, and Hospital Physician Partners, the fourth largest US provider of emergency and hospital medicine clinical staffing services.
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Harbour Point Capital, a healthcare services-focused private equity firm in multiple transactions, including investments in AdvantageCare Rehabilitation (provider of rehabilitation, home care and healthcare consulting services) and its affiliated companies and in Aligned Modern Health, a provider of retail-based health and wellness services; as well as the recapitalization and subsequent merger of portfolio company Array, a leading national telepsychiatry services provider, with telehealth and telepsychiatry provider Regroup Therapy.
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Coast Dental Services in its acquisition of Dental Technology Inc. (DTI, d/b/a SmileCare) and Community Dental Services Inc. DTI and its subsidiaries operate 57 SmileCare dental practices in California, Nevada and Texas.
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The Halifax Group in its acquisition of Familia Management Group LLC, a dental services organization providing services to approximately 30 dental practices in five US states.
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Valitás Holdings Inc. and its subsidiaries, including Corizon Health Inc., the leading provider of correctional healthcare services in the United States, in the provider’s sale to Flacks Group.
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Skilled Healthcare Group Inc. in its merger with Genesis HealthCare, one of the nation's largest providers of post-acute care services, via a 100% stock transaction.
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- Front Porch Communities and Services on its combination with the parent of Covia Communities to create one of the largest senior living organization in the US with 54 communities and 7,500+ residents.