Private Equity Transactions in Healthcare: Stark, AKS and Other Compliance Challenges

Structuring Purchase Price, Restrictive Covenants, Indemnities, Equity Rollovers and More

A live 90-minute CLE webinar with interactive Q&A


Wednesday, November 8, 2017
1:00pm-2:30pm EST, 10:00am-11:30am PST

Early Registration Discount Deadline, Friday, October 13, 2017


This CLE webinar will provide guidance to counsel involved in structuring private equity transactions in the healthcare arena. The panel will discuss the nuts and bolts of structuring the transaction, including purchase price considerations, tax structures, deal terms and indemnities. The panel will also address approaches to overcome regulatory problems.

Description

Private equity firms play an active role in healthcare deals, investing $29 billion in the first quarter of 2017. The healthcare sector is seeking and drawing the attention of private equity firms for investment in long-term care, urgent care, surgery centers, health IT companies, behavioral health, and dental practices. On July 24, 2017, WebMD Health Corp. announced it agreed to be bought by private equity firm KKR & Co. in a deal valued at about $2.8 billion.

Counsel must consider several factors when structuring private equity transactions, including purchase price issues, deal structure and tax implications, as well as Stark, Anti-Kickback Statute, and other regulatory issues.

Listen as our authoritative panel examines the nuts and bolts of healthcare private equity transactions. The panel will discuss purchase price considerations, tax structures, deal terms and indemnities. The panel will also provide guidance for addressing regulatory issues in healthcare private equity transactions.

Outline

  1. Purchase price considerations
  2. Deal and tax structuring and the impact of legacy tax structures and the corporate practice of medicine
  3. Common deal terms and indemnities
  4. Regulatory issues
  5. Restrictive covenants
  6. Equity rollover considerations and structuring of governance, puts/calls, and tag-along/drag-along considerations

Benefits

The panel will review these and other key issues:

  • What hurdles do counsel encounter when involving private equity firms in healthcare transactions?
  • What factors should counsel keep in mind when determining price and deal structure?
  • What best practices should counsel employ to ensure regulatory compliance in a healthcare private equity transaction?

Faculty

John C. Riddle, Managing Director
Brown Gibbons Lang & Company, Chicago

Mr. Riddle leads the firm's investment banking activities in Healthcare and Life Sciences. He has over twenty years of investment banking and capital markets experience, advising clients across a broad spectrum of mergers and acquisitions, capital markets activities, and strategic advisory assignments.

Roger D. Strode, Partner
Foley & Lardner, Chicago

Mr. Strode's practice focuses on health care business transactions, including mergers, acquisitions, corporate restructurings and joint ventures, general corporate matters and health care regulation. His experience includes the representation of institutional health care providers, large physician groups, specialty providers (ASC development organizations), health care private equity firms and industry consultants. He participated as lead counsel in numerous health care and corporate transactions, including the purchase and sale, or transfer of sponsorship of hospitals, health systems, physician practices and health maintenance organizations; the formation of specialty hospitals; and the formation of ancillary services joint ventures.


Live Webinar

Live Webinar $247.00

Includes Early Discount Savings of $50.00 (through 10/13/17)

Add a colleague on the same connection in the same room for only $97.00 in the shopping cart or by calling customer service.

This webinar is eligible for at least 1.5 general CLE credits.

CLE credits are not available for PR.

*In KS, OH, PA, for more than 1 attendee on the connection you must contact Strafford CLE via email or call 1-800-926-7926 ext. 35 prior to the program for special instructions.


Recordings

CLE On-Demand - Streaming Video

Includes recorded streaming video of full program plus PDF handouts.

On-demand is the only recorded format recognized for CLE credits in DE, IN, KS, LA, MS, NC, OH, OK, SC, TN, VA, WI.

AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

**NH attendees must self-determine if a program is eligible for credit and self-report their attendance.

CLE On-Demand Video $247.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 10/13/17)

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Recorded Event

Includes full event recording plus handouts (available after live webinar).

Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

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Additional copies of a recording can be purchased at a discount. Please call Strafford Customer Service toll-free at 1-800-926-7926 ext 10 or email customerservice@straffordpub.com to place your order.

Recorded Webinar Download $247.00
Available 48 hours after the live event

Includes Early Discount Savings of $50.00 (through 10/13/17)

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Recorded Audio Download (MP3) $247.00
Available 24 hours after the live event

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DVD (Slide Presentation with Audio) $247.00 plus $9.45 S&H
Available ten business days after the live event

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Registration Plus Recorded Event

Best value!

Live Webinar & Webinar Download $344.00

Includes Special Savings of $250.00 (through 10/13/17)

Live Webinar & Audio Download $344.00

Includes Special Savings of $250.00 (through 10/13/17)

Live Webinar & DVD $344.00 plus $9.45 S&H

Includes Special Savings of $250.00 (through 10/13/17)


Webinar

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Discount Deadline
October 13, 2017

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Health Law Advisory Board

Lowell C. Brown

Partner

Arent Fox

Jennifer L. Evans

Shareholder

Polsinelli

Ryan S. Johnson

Shareholder

Fredrikson & Byron

Gina M. Kastel

Partner

Faegre Baker Daniels

Karen S. Lovitch

Member

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo

David A. Manko

Partner

Proskauer Rose

John J. Miles

Senior Counsel

Baker Donelson

C. Elizabeth O'Keeffe

Counsel

Wyatt, Tarrant & Combs

J. Peter Rich

Partner

McDermott Will & Emery

Donald H. Romano

Of Counsel

Foley & Lardner

Judith A. Waltz

Partner

Foley & Lardner

John R. Washlick

Shareholder

Buchanan Ingersoll & Rooney

Jesse A. Witten

Partner

Drinker Biddle & Reath

or call 1-800-926-7926

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