JD Supra: Mergers

MARCH 22, 2024

In this episode of "Counsel That Cares," healthcare attorney Colin Luke examines transactions for hospitals and health systems, as well as what's driving that activity across the country with hospitals and health systems, partnering, acquisitions and sales.

Hospitality 149

Hospitality M&A Investment Banking Advisory 149

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 167

Hospitality Medical Acquisitions Healthcare 167

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 155

Hospitality Medical Mergers Healthcare 155

JD Supra: Mergers

JUNE 12, 2024

s (“Novant”) acquisition of two hospitals from Community Health Systems, Inc. (“CHS”). Last week, a federal judge in North Carolina declined to preliminarily enjoin Novant Health, Inc.’s

Hospitality 177

Hospitality Sale Acquisitions IT 177

JD Supra: Mergers

OCTOBER 6, 2023

More hospital acquisitions may seek to avoid premerger scrutiny of the Federal Trade Commission (FTC) under the HSR Act (or any antitrust inquiry ever) if a recent federal district court decision holds up and becomes settled law. By: Manatt, Phelps & Phillips, LLP

Hospitality 177

Hospitality Acquisitions Trading 177

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. (..)

Hospitality 155

Hospitality Sale Equities 155

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 177

Hospitality Entertainment Acquisitions IT 177

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.”

Hospitality 235

Hospitality Healthcare Mergers Manufacturing 235

JD Supra: Mergers

SEPTEMBER 6, 2023

In a recent post, we discussed the 13 guidelines set forth in the recently issued proposed Hospital Merger Guidelines (“Draft Guidelines”) issued by the Federal Trade Commission and the Department of Justice (the “Agencies”).

Mergers 172

Mergers Hospitality Trading 172

The Deal

JUNE 23, 2023

HCA) to submit a formal merger filing for a transaction consummated in January, the agency wasn’t necessarily aiming to unwind the tie-up. The tussle has cast a spotlight on a little-known regulatory quirk: certificates of public advantage (COPAs) approved by states that allow hospitals to combine in concentrated markets without FTC review.

Hospitality 52

Hospitality Mergers Mergers and Acquisitions Medical 52

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 155

Hospitality Acquisitions IT 155

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

Hospitality 105

Hospitality Sale 105

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.

Hospitality 135

Hospitality Mergers and Acquisitions Acquisitions Mergers 135

The New York Times: Mergers, Acquisitions and Dive

JULY 25, 2023

Undoing hospital monopolies may be a lost cause.

Hospitality 97

Hospitality Medical Mergers Mergers and Acquisitions 97

JD Supra: Mergers

AUGUST 13, 2024

Lately, we have read about mega-scale hospital mergers and acquisitions (M&A) nearly every week. With M&A activity at the highest level since 2020 and average seller size continuing to trend upward, systems are growing market share and increasing revenue at an unprecedented magnitude. By: Ankura

Healthcare 149

Healthcare Mergers and Acquisitions Hospitality M&A 149

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.

Hospitality 149

Hospitality Acquisitions 149

JD Supra: Mergers

SEPTEMBER 4, 2024

August 01, 2024: SEAM Group, a B2B business products and services company that provides safety, reliability, maintenance, and enterprise asset management services in the hospitality, food processing, and pharmaceutical industries, was acquired by ABB for an undisclosed amount.

M&A 167

M&A Hospitality Asset Management Pharmaceutical 167

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

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

Hospitality 161

Hospitality Investors Investment 161

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 172

Business Entertainment Hospitality Acquisitions 172

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.

Hospitality 167

Hospitality Acquisitions Trading IT 167

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 172

Hospitality Acquisitions Management 172

JD Supra: Mergers

AUGUST 15, 2024

Department of Justice (DOJ) filed a proposed settlement with Legends Hospitality Parent Holdings (“Legends”), a global venue services company, in connection with its proposed acquisition of ASM Global, Inc. (“ASM”), On August 5, 2024, the U.S. ASM”), a company focused on venue management.

Hospitality 167

Hospitality Acquisitions Management IT 167

JD Supra: Mergers

AUGUST 1, 2024

Over the last decade, private equity firms have acquired healthcare companies, hospitals, and clinics at an increasing rate. In fact, in those ten years, private equity firms have spent roughly $1 trillion on an estimated 8,000 healthcare deals. This trend is only expected to increase through 2024.

Private Equity 155

Private Equity Healthcare Equities Portfolio 155

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.

Hospitality 155

Hospitality Management 155

JD Supra: Mergers

AUGUST 9, 2024

The road leading away from HCA Healthcare’s 2019 acquisition of the multi-campus Mission Health hospital system in Western North Carolina has been a bumpy ride. HCA has faced suit connected to the transaction alleging it exploited monopoly power – resulting in higher prices, lower quality care, and limited patient access.

Hospitality 149

Hospitality Profitability Acquisitions IT 149

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

Hospitality 167

Hospitality Insurance Investors 167

JD Supra: Mergers

MAY 30, 2023

District Court for the District of Columbia seeking to enjoin Louisiana Children’s Medical Center (“LCMC”) from continuing to integrate three hospitals it previously acquired because it failed to file the pre-merger notification required under the Hart-Scott-Rodino Act (“HSR Act”). By: Stevens & Lee

Medical 105

Medical Hospitality Mergers Trading 105

JD Supra: Mergers

JUNE 10, 2024

s (CHS) Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis), thereby allowing the acquisition to proceed while the FTC conducts its administrative process to consider the lawfulness of the transaction. s (Novant) acquisition of Community Health Systems Inc.’s By: McDermott Will & Emery

Hospitality 167

Hospitality Medical Acquisitions Trading 167

Shearman & Sterling

OCTOBER 3, 2016

On September 27, 2016, the Third Circuit Court of Appeals reversed a District Court ruling and granted the preliminary restraining order sought by the Federal Trade Commission ("FTC") and the state of Pennsylvania to enjoin a merger of two state hospital systems pending administrative review by the FTC. 16-2365 (3d Cir.

Hospitality 52

Hospitality Mergers Medical Trading 52

JD Supra: Mergers

MAY 9, 2024

All Star, founded in 2003 and based in Deerfield Beach, Florida, is a healthcare staffing firm that places physicians and advanced practitioners on locum tenens assignments and in permanent positions at health systems, hospitals and other healthcare facilities throughout the country. By: McGuireWoods LLP

Healthcare 149

Healthcare Private Equity Hospitality Equities 149

JD Supra: Mergers

JUNE 21, 2024

We have been reporting on the Federal Trade Commission’s continuing effort to block Novant Health’s purchase of Lake Norman Regional Medical Center and Davis Regional Psychiatric Hospital from Community Health Systems. Last week, the U.S.

Hospitality 161

Hospitality Medical Sale Trading 161

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 167

Hospitality Business Healthcare IT 167

JD Supra: Mergers

JUNE 18, 2024

District Court’s denial of an FTC request for a preliminary injunction to block Novant Health’s “Novant) purchase of Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis) from Community Health Systems (CHS). The FTC sought the injunction pending the conclusion of its administrative process.

Hospitality 161

Hospitality Medical IT 161

JD Supra: Mergers

JUNE 19, 2024

Key Takeaways -.Requires

Hospitality 161

Hospitality Medical 161

JD Supra: Mergers

JUNE 21, 2024

Key Takeaways -.Requires

Healthcare 161

Healthcare Hospitality 161

Shearman & Sterling

MAY 23, 2016

The federal government has enjoyed a recent string of successful challenges to proposed mergers on antitrust grounds. Read More

Hospitality 52

Hospitality Mergers Government Trading 52