Big Business Combinations: Hospital M&A in Times of Crisis - Part 1
Join Bradley partner Andy Murray as he appears on episode 5 of the Buy-In podcast hosted by Rud Blumentritt. Rud and Andy will answer questions around how the Public Health Emergency will impact the hospital mergers and acquisitions market. Will the uncertainty of the market influence a buyer's or seller's market? Will the pandemic have any effect on the liability of hospital M&A's? What challenges do rural hospitals face during this time?
Republished with permission. The podcast, "Big Business Combinations: Hospital M&A in Times of Crisis - Part 1," originally aired by Horne LLP as episode 5 of the Buy-In podcast on July 20, 2020 and is available for listening here.
Big Business Combinations: Hospital M&A in Times of Crisis - Part 2
Bradley partner Andy Murray joins Rud Blumentritt in episode 6 of the Buy-In podcast in the two part series of a discussion on hospital mergers and acquisitions. Rud and Andy unpack more topics surrounding hospital M&As taking place during the COVID-19 Pandemic. They discuss working with important pieces of an M&A transactions, like valuation and due diligence, as well as other driving factors that may hinder the process of a hospital M&A.
Republished with permission. The podcast, "Big Business Combinations: Hospital M&A in Times of Crisis - Part 2," originally aired by Horne LLP as episode 6 of the Buy-In podcast on July 20, 2020 and is available for listening here.
Listed in The Best Lawyers in America® Health Care Law, 2012-2025 Mergers and Acquisitions Law, 2025 Listed in Chambers USA, Healthcare, 2010-2011, 2015-2024 Listed in Mid-South Super Lawyers, Healthcare, 2018-2022 Listed in Nashville Medical News, "InCharge Healthcare," 2019-2021 Listed in The Ambulatory M&A Advisor, "Leading Lawyer," 2014-2016 Listed in Nashville Business Journal, "Best of the Bar," 2011 Martindale-Hubbell® AV Preeminent Rated Acquisition of Surgery Center – Columbia, MD Represented a national surgery center company in connection with the acquisition of an ownership interest in an ambulatory surgery center located in Columbia, Maryland. Handled the licensing and regulatory process required for the expansion of the ambulatory surgery center’s spine and orthopedic program. Divestiture of Illinois Hospitals Represented Quorum Health Corporation in the divestiture of (1) Crossroads Community Hospital in Mt. Vernon, Illinois, (2) Heartland Regional Medical Center in Marion, Illinois, (3) Red Bud Regional Hospital in Red Bud, Illinois, and (4) Union County Hospital in Anna, Illinois (and their related businesses) to affiliates of Deaconess Health System, Inc. Divesture of Medical Center – Waukegan, IL Represented Quorum Health Corporation in the divestiture of Vista Medical Center East in Waukegan, Illinois (and its related businesses) to affiliates of American Healthcare Systems Corp., Inc. Divestiture of Medical Center – Granite City, IL Represented Quorum Health Corporation in the divestiture of Gateway Regional Medical Center in Granite City, Illinois (and its related businesses) to affiliates of American Healthcare Systems Corp., Inc. Divestiture of Hospital – Blue Ridge, GA Represented Quorum Health Corporation in the divestiture of Fannin Regional Hospital in Blue Ridge, Georgia (and its related businesses) to affiliates of Java Medical Group LLC. Acquisition of Surgical Center - Guilford, CT Represented a national surgery center company in connection with the acquisition of a controlling ownership interest in an ambulatory surgery center located in Guilford, Connecticut. Restructuring of Academic Medical Center Advised academic medical center on proposed corporate restructuring, including analysis of Stark implications and other regulatory issues. Acquisition of Centerre Healthcare Corporation by Kindred Healthcare, Inc. Represented Centerre Healthcare Corporation, an operator of joint venture inpatient rehabilitation hospitals with headquarters in Franklin, Tennessee, in sales to Kindred Healthcare, Inc., a publicly-traded healthcare services company based in Louisville, Kentucky. Acquisition of Imaging Center and Sleep Lab - McKenzie, TN Represented a national hospital company in connection with the acquisition of a freestanding imaging center and sleep lab previously owned and the conversion of the same to an outpatient department of a hospital. Acquisition of Surgery Center - Basking Ridge, NJ Represented a national surgery center company in connection with the acquisition of a 55% ownership interest in an ambulatory surgery center located in Basking Ridge, NJ. Acquisition of Surgery Center - Davenport, IA Represented a national surgery center company in connection with (i) the formation of a joint venture with a local health system, and (ii) the acquisition of a 55% ownership interest in an ambulatory surgery center located in Davenport, IA. Acquisition of Surgery Center - Lake Mary, FL Represented a national surgery center company in connection with the acquisition of a 60% ownership interest in an ambulatory surgery center located in Lake Mary, FL. Acquisition of Surgery Center - Maitland, FL Represented a national surgery center company in connection with the acquisition of a 50% ownership interest in an ambulatory surgery center located in Maitland, FL. Acquisition of Surgery Center - Orlando, FL Represented a national surgery center company in connection with the acquisition of a 49.5% ownership interest in an ambulatory surgery center located in Orlando, FL. Acquisition of Surgery Center - Sparta, NJ Represented a national surgery center company in connection with the acquisition of a 55% ownership interest an ambulatory surgery center located in Sparta, NJ. Acquisition of Surgery Center - Stroudsburg, PA Represented a national surgery center company in connection with the acquisition of a 28% interest in an ambulatory surgery center located in Stroudsburg, PA. Acquisition of Surgery Center - Watchung, NJ Represented a national surgery center company in connection with (i) the formation of a joint venture with a local health system, and (ii) the acquisition by a 55% membership interest in a ambulatory surgery center located in Watchung, NJ. Acquisition of Surgical Center - Brick, NJ Represented a national surgery center company in connection with (i) the formation of a joint venture with a local hospital, and (ii) the acquisition by a 55% ownership interest in an ambulatory surgery center located in Brick, NJ. Acquisition of Surgical Hospital - Ruston, LA Represented a national hospital company in connection with the acquisition of a surgical hospital in Ruston, LA. Acquisition of Surgical Hospital - Washington, PA Represented a national surgery center company in connection with the acquisition of a 51% membership interest in a surgical hospital located in Washington, PA. Sale of Reference Laboratory Represented a multi-state hospital system and its local health system affiliate in the sale of its large reference lab business to a national laboratory services company. Licensing and Medicare and Medicaid provider enrollment issues related to merger Analyzed and addressed all state health care facility licensing and Medicare and Medicaid provider enrollment issues in connection with merger of two major hospital chains and corporate restructuring transactions involving major hospital chain. Restructuring of “Under Arrangements” Relationships Representation of hospital clients in connection with restructuring and unwinding of “under arrangements” transactions to comply with recent changes to Stark regulations. Home Care Acquisitions and Dispositions Acquisition and disposition of home health agencies, hospices, DME companies and other home care providers. Acquisition of Outpatient Facilities Representation of hospital clients in connection with the acquisition of freestanding outpatient facilities in numerous states, and regulatory issues related to conversion of such facilities to hospital outpatient departments. Rehabilitation Hospital Joint Ventures Negotiation of joint venture arrangements between for-profit rehabilitation company and various tax-exempt health care systems in connection with development of freestanding rehabilitation hospitals. Hospital Acquisition - Siloam Springs, AR Acquisition of existing hospital business on behalf of national hospital company, including lease of existing hospital facility and commitment to construct replacement hospital. Hospital Acquisition - Spokane, WA Acquisition of two hospital system in Spokane, Washington on behalf of national hospital company, including both negotiation of the transaction and extensive regulatory approval process with Washington Department of Health. Representation of National Hospital Company in Acquisition Acquisition of hospital on behalf of national hospital company for $37.5 Million plus net working capital. Transaction included negotiation with local government for acquisition of real property used in connection with hospital via public auction process.