In most purchase and sale transactions, the purchase agreement is accompanied by and incorporates disclosure schedules that include certain relevant information to the transaction. In the rush of negotiations, diligence, and transition planning, it is easy to overlook the importance of the disclosure schedules. However, these schedules are much more than a mere compilation of
Deal Terms
Avoiding “Code Blue”: Managing Potential Physician Resistance to a Hospital M&A Transaction
Hospital M&A activity has been increasing recently, and when these transactions are public knowledge, opposition from the physician community (as well as the hospital staff) to such types of transactions may also be a side effect. Physicians are vital to the operation of a hospital, and any resistance from the physician community, could be a…
The Road to a Successful Transaction: Paved With Your Priorities
While I may be stating the obvious, hospitals and health systems are complex creatures that frequently drive local economies, culture and population health status (among other things). Accordingly, when considering a potential change of control transaction, it is critical that you examine what drives your organization and what [in the community] your organization drives. …
Three Critical Components of Every Hospital Merger You Need to Understand
Every hospital merger has three critical components that board members and senior management need to consider, and which can provide a great analytic framework within which to evaluate options early in the process of consider a transaction. By no means are these three the most important in every transaction, but every hospital merger I’ve worked…
Do Not Overlook “IT” in Early Stage Hospital Merger Planning
Each party should be aware of key issues before preparing to negotiate transition services agreements
As I type this blog post, I would not be surprised if suddenly my computer froze, and I had to call the help desk. While calling the help desk can sometimes seem like an annoyance, having a central function to…
When to Engage Transaction Counsel for a Hospital or Health System Merger or Affiliation
Not long ago, I had my appendix out. Not wanting to spend more than necessary, I did a little reading on the subject and decided to do some of the pre-op work myself. In addition to making certain the incision area was appropriately clean, I entered the hospital with my own set of scalpels and…