JD Supra: Mergers

JUNE 7, 2024

While finding this to be the “rare case” where a hospital’s imminent failure justified its acquisition by a competitor, Judge Kenneth Bell denied the Federal Trade Commission’s motion for a preliminary injunction to enjoin Novant’s acquisition of two hospitals in the Charlotte, NC area. By: Womble Bond Dickinson

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Hospitality Mergers Acquisitions Trading 171

JD Supra: Mergers

JUNE 14, 2024

On Wednesday, June 5 a federal district judge denied the Federal Trade Commission’s (FTC) request for an injunction to prevent Novant Health from acquiring two hospitals from Community Health Systems (CHS) in a $320 million deal.

Hospitality 171

Hospitality Mergers Trading IT 171

JD Supra: Mergers

OCTOBER 2, 2023

As explained in prior posts, the Federal Trade Commission (“FTC”) filed suit in April of this year in Federal District Court for the District of Columbia seeking to enjoin Louisiana Children’s Medical Center (“LCMC”) from continuing to integrate the three New Orleans area hospitals that it had acquired from HCA Healthcare, Inc. (“HCA”)

Hospitality 171

Hospitality Medical Acquisitions Healthcare 171

JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the Department of Justice (“DOJ”) announced that it filed a civil complaint and proposed settlement with Legends Hospitality Parent Holdings LLC (“Legends”) for unlawful pre-merger coordination, commonly referred to as “gun jumping,” in violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”).

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Hospitality Mergers Management IT 183

The New York Times: Mergers, Acquisitions and Dive

NOVEMBER 30, 2023

Nonprofit hospitals are behaving in ways that seem to focus more on dollars than patients.

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Hospitality Mergers and Acquisitions Acquisitions Mergers 145

JD Supra: Mergers

JUNE 19, 2024

On June 5, 2024, a federal court in the Western District of North Carolina declined to issue a preliminary injunction blocking the sale of two hospitals in Charlotte, North Carolina, finding that the proposed sale is not likely to lead to anticompetitive behavior and that, on balance, the public equities weigh in favor of allowing the sale to go forward. (..)

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Hospitality Sale Equities 159

JD Supra: Mergers

JUNE 7, 2024

In February, 2023, Novant Health and Community Health Systems (CHS) entered into an Asset Purchase Agreement pursuant to which Novant agreed to acquire Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis) and related assets in North Carolina from CHS for $320 million.

Hospitality 165

Hospitality Medical Mergers Trading 165

JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the United States Department of Justice (“DOJ”) filed a rare[1] gun jumping[2] civil lawsuit and proposed settlement in the United States District Court for the Southern District of New York against Legends Hospitality Parent Holdings, LLC (“Legends”)—a global sports and entertainment venue services company partially owned by the (..)

Hospitality 183

Hospitality Entertainment Acquisitions IT 183

JD Supra: Mergers

OCTOBER 5, 2023

A US district court judge, in a case of first impression, recently held that Louisiana Children’s Medical Center’s acquisition of three New Orleans–area hospitals from HCA Healthcare, Inc.

Hospitality 159

Hospitality Medical Mergers Healthcare 159

JD Supra: Mergers

JUNE 21, 2024

The FTC lost its challenge to Novant's acquisition of two hospitals owned by Community Health Systems ("CHS") but obtained an injunction pending appeal. Soon after learning the injunction was granted, Novant dropped the proposed acquisition.

Hospitality 159

Hospitality Acquisitions IT 159

JD Supra: Mergers

AUGUST 15, 2023

The healthcare sector is a prime target for data breaches. According to a summary by the HIPAA Journal, 32% of all data breaches between 2015 and 2022 were in the healthcare sector, “almost double the number recorded in the financial and manufacturing sectors.”

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Hospitality Healthcare Mergers Manufacturing 235

CNBC: Investing

MAY 20, 2024

A chipmaker was among Monday's biggest analyst calls along with a hospital stock.

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Hospitality Stock 107

JD Supra: Mergers

SEPTEMBER 17, 2024

The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global.

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Hospitality Food Acquisitions IT 283

The New York Times: Mergers, Acquisitions and Dive

JULY 25, 2023

Undoing hospital monopolies may be a lost cause.

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Hospitality Medical Mergers Mergers and Acquisitions 98

JD Supra: Mergers

JUNE 26, 2024

On June 18, 2024, the Fourth Circuit issued a 2-1 decision granting the FTC’s request to block the sale of two hospitals in Charlotte, North Carolina. Earlier this month, a federal court in the Western District of North Carolina declined to issue a preliminary injunction to block the proposed transaction. By: King & Spalding

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Hospitality Sale 106

JD Supra: Mergers

OCTOBER 25, 2024

In June 2023, the Federal Trade Commission (Commission) proposed major changes to its premerger notification rules that implement the Hart-Scot-Rodino Act and impact a large swath of merger and acquisition transactions each year.

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Hospitality Mergers and Acquisitions IT Mergers 165

The New York Times: Mergers, Acquisitions and Dive

DECEMBER 26, 2023

A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.

Private Equity 145

Private Equity Hospitality Medical Equities 145

JD Supra: Mergers

JUNE 19, 2024

Key Takeaways -.Requires Requires parties to apply for approval from the Hawaii State Health Planning and Development Agency (“HI Agency”) and provide notice to the Hawaii Attorney General (“HI AG”) for transactions involving the acquisition of a Hawaii-regulated hospital.The parties must provide 90 days notice before closing to the HI AG.

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Hospitality Acquisitions 152

PE Hub

NOVEMBER 15, 2023

The post Enlightened Hospitality Investments backs restaurant tech company Qu appeared first on PE Hub. USHG's existing backers include Cota Capital, NRD Capital and restaurant group Bobby Cox Companies.

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Hospitality Investment Capital 93

The New York Times: Banking

FEBRUARY 18, 2024

Vyacheslav Igorevich Penchukov, 37, of Ukraine, pleaded guilty in federal court for his role in two separate malware schemes that caused tens of millions of dollars in losses.

Hospitality 145

Hospitality Financial Institution Securities Bank 145

JD Supra: Mergers

NOVEMBER 5, 2024

Korea, known for its rich culinary heritage, fascinating history, and renowned hospitality, has long rendered Seoul a favored travel destination. Today, it stands not only as a cultural and historical beacon but also as a vibrant hub for global business, mergers, and acquisitions.

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M&A Mergers and Acquisitions Hospitality Mergers 282

JD Supra: Mergers

OCTOBER 5, 2023

In my earlier post in the Antitrust Advocate Blog, I noted recent setbacks that the Federal Trade Commission has experienced with respect to its regulatory authority.

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Hospitality Acquisitions Trading IT 171

PE Hub

JULY 26, 2023

The post Hospitality management platform Craftable inks investment from Gauge Capital appeared first on PE Hub. As part of the investment, Tom McKelvey, Garrett Fair, and Sam Yang from Gauge Capital have joined Craftable’s board of directors.

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Hospitality Capital Management Investment 87

PE Hub

JULY 5, 2023

The post Greenbriar buys parking and hospitality solutions provider Towne Park appeared first on PE Hub. The seller was TA Associates.

Hospitality 82

Hospitality 82

JD Supra: Mergers

JUNE 19, 2024

Key Takeaways -.Requires

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Hospitality Medical 165

JD Supra: Mergers

JUNE 21, 2024

Key Takeaways -.Requires

Healthcare 165

Healthcare Hospitality 165

PE Hub

OCTOBER 25, 2023

The joint venture will initially focus on new loan originations and debt refinancing exclusively in the hospitality space within primary and secondary markets throughout the U.S. The post Bain Capital and Smith Hill form $1bn hospitality-focused private lending platform appeared first on PE Hub.

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Hospitality Capital Debt 78

JD Supra: Mergers

SEPTEMBER 29, 2024

million for FCPA violations is another textbook example of bribery schemes, which revealed the absence of a culture of compliance, and the circumvention of basic entertainment, hospitality and travel expense controls. The SEC's recent settlement with Deere & Company for $9.9

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Hospitality Entertainment Consulting Government 201

JD Supra: Mergers

JULY 16, 2024

The joint venture (JV) model is a popular choice among investors for structuring their investments into hospitality and leisure (H&L) assets. By: Goodwin

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Hospitality Investors Investment 165

JD Supra: Mergers

AUGUST 8, 2024

Department of Justice (DOJ) reached one of its largest “gun jumping” settlements following allegations that sporting and entertainment events company, Legends Hospitality, illegally conducted business with its acquisition target, ASM Global Inc., This week, the Antitrust Division of the U.S. prior to consummating their transaction.

Business 177

Business Hospitality Entertainment Acquisitions 177

JD Supra: Mergers

AUGUST 16, 2024

Earlier this month, the Department of Justice (DOJ) Antitrust Division filed a consent decree fining venue management firm Legends Hospitality $3.5

Hospitality 177

Hospitality Acquisitions Management 177

JD Supra: Mergers

APRIL 25, 2024

With the end of the first quarter of 2024, we highlight five developments, changes, or challenges that health systems, hospitals, nursing homes, clinics, physician practices, health insurers, and other health care providers, companies, and investors may face when entering into health care transactions in the US market. By: ArentFox Schiff

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Hospitality Insurance Investors 171

JD Supra: Mergers

OCTOBER 13, 2023

As further explained in our previous post, subject to certain exceptions, third party payers and administrators, hospitals, hospital systems, fully integrated delivery systems, pharmacy benefit managers, physician organizations, and other providers (collectively, Health Care Entities) will soon be subject to potential prospective.

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Hospitality Management 159

PE Hub

AUGUST 28, 2023

The post KSL Capital to take luxury hotels owner Hersha Hospitality Trust private appeared first on PE Hub. According to terms of the agreement, KSL will acquire Hersha shares for $10 per share.

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Hospitality Capital Shares 74

The New York Times: Banking

MAY 28, 2024

One person was in critical condition at a hospital after the midafternoon episode in Youngstown.

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Hospitality Financial Institution Bank Banking 145

JD Supra: Mergers

APRIL 16, 2024

This relates to HCA’s compliance with the conditions set forth in an asset purchase agreement involving six North Carolina hospitals it acquired when it purchased Misson Health System in 2019 for $1.5 would take over monitorship of HCA Healthcare. By: Troutman Pepper

Hospitality 171

Hospitality Business Healthcare IT 171

Global Newswire by Notified: M&A

AUGUST 27, 2024

Joining IndiCater Limited (“IndiCater”), a Volaris company, this deal further builds the organizations’ leadership in the foodservice and hospitality sector in the UK. (“Volaris”), today, announced the acquisition of Zupa Tech Limited (“Zupa”) and its flagship solution, Caternet.

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Hospitality Acquisitions IT 68