Hospital Acquisitions of Physician Practices

Description

Hospital acquisitions of physician practices are on the rise, driven by changes in the law, reimbursement pressures, physician shortages and capital constraints. Because these transactions are complex and involve significant risk, careful planning and execution are critical.

When structuring and negotiating acquisition deals, healthcare systems, physicians and their counsel must carefully consider tax implications, regulatory hurdles, valuation and pricing issues, and escrows and indemnities.

Listen as our panel of healthcare attorneys and a financial professional explains the key legal and business considerations with hospital acquisitions of physician practices, including applicable laws and regulations and fair market value considerations. The panel will offer strategies for negotiating and structuring the arrangements to meet compliance requirements.

Outline

1. Hospital purchases of physician practices—current trends
2. Key structural and legal considerations
   1. Structuring the transaction
      1. Principal purchase terms
      2. Physician governance/management
      3. Physician employment contract and ancillary agreements
      4. Tax structuring considerations
   2. Legal considerations
      1. Federal fraud and abuse laws
      2. State law considerations
      3. Special considerations for tax exempt purchasers
      4. Legal aspects of determining fair market value
3. Fair market value and financial considerations
   1. Valuation issues
   2. Compensation models for physicians
   3. Fairness opinions from independent financial advisors

Benefits

The panel will review these and other key questions:

• What is driving the trend of increased hospital acquisitions of physician groups?
• What are the key legal and business concerns for hospitals and physicians considering a hospital's acquisition of a physician practice?
• How can acquisition deals be structured to ensure long-term value for the hospital?
• What compensation models have been most attractive or successful for hospitals negotiating employment with physicians?

Webinar/Teleconference

Strafford webinars/teleconferences offer several options for participation: online viewing of speaker-controlled PowerPoint presentations with audio via computer speakers or via phone; or audio only via telephone (download speaker handouts prior to the program).  Please note that our webinars do not feature videos of the presenters.

CLE Credit

Strafford's live seminars qualify for CLE in every state that accredits webinars. They offer you a high quality, cost effective, and convenient CLE option, with no lost travel time or expenses.

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