Healthcare Transactions

Venable has one of the leading healthcare practices in the United States. Our nationally ranked practice and many of its attorneys have been recognized as leaders in the field by Chambers USA: America's Leading Lawyers for Business; Best Lawyers in America; and Nightingale's Healthcare News. With more than 40 years of experience and 50 attorneys with comprehensive healthcare and regulatory experience, we have been trusted advisors to healthcare professionals adapting to the new regulatory landscape.

We routinely represent hospitals and hospital systems, insurance companies, physicians, physician groups, and continuing care facilities, as well as nonprofit organizations and academic teaching hospitals and systems. We also represent companies that provide services to those in the healthcare industry, such as management companies, auditors, information technology vendors, and other service providers.

Our broad experience in healthcare transactional work has positioned us at the forefront of several significant transactions in recent years, and we have handled the full range of transactional matters, including hospital and health system mergers and acquisitions, restructuring and reorganizations, financings of all types, joint venture transactions, and affiliation transactions. We are frequently called upon to assist our clients with issues that arise in the course of business transactions, including provider, managed care, and commercial contracting; due diligence; negotiations; executive and workforce employment issues; risk assessment; succession; risk and insurance analysis and advice; and addressing regulatory compliance issues, such as antitrust, HIPAA compliance, Medicare and Medicaid audits, investigations, and certification, Stark and anti-kickback issues, and licensing and accreditation.

Venable attorneys share a wealth of experience in helping businesses thrive in a highly regulated environment. As a firm headquartered in Washington, DC, we have a large number of attorneys who are former lawmakers and regulators; they bring the value of this significant regulatory experience together with our deep bench in business transactions. Operating at the nexus of the private and public sectors, our team is able to design effective strategies and solutions and advise our clients in a way that ensures the client remains a viable business while maintaining regulatory compliance and providing quality healthcare services.

Practice Focus

  • Corporate transactions
  • Governance and regulator
  • Government affairs and agencies
  • Healthcare public policy
  • Litigation

Client Focus

  • Hospitals and hospital networks
  • Employers
  • Insurers and managed care
  • Long-term and life care
  • Pharmaceutical companies
  • Pharmacy benefit managers
  • Medical laboratories
  • Physician groups
  • Professional associations
  • Insurance exchanges

Experience
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We have represented multi-billion-dollar health companies in a variety of transactions, including the following:

  • Represented a regional medical center and its affiliates in the financing of non-hospital facilities
  • Represented a regional hospital in the financing of its medical office building and of its joint venture with a leading provider of short-term post-acute, rehabilitation, skilled nursing, and long-term care services in the construction of a new nursing home
  • Represented a multi-billion-dollar health insurer in a $500 million reorganization of multiple subsidiaries, including regulatory approvals
  • Represented a private equity firm in its $375 million purchase of the assets of the largest operator of continuing care retirement communities (CCRCs) in the United States. The deal involved complex workout negotiations with more than thirty lenders, as well as the nonprofit owners of each of the nineteen retirement communities
  • Completed three M&A transactions for one of the world's leading providers of transformational medical technologies on a variety of transactions. Examples include a joint venture with a leading semiconductor maker, as well as a global affiliation agreement with a wireless vital signs monitoring company
  • Represented a $5 billion Maryland academic health system in the acquisition of multiple community hospitals
  • Assisted a large hospital in closing the sale of substantially all of its assets to a large not-for-profit healthcare organization, which operates more than 120 entities, including ten hospitals in the Baltimore-Washington metropolitan area, and its affiliates
  • Represented a large hospital in connection with restructuring the management of its supply chain contracts, which involved member participation in a group purchasing organization with its initial public offering. Venable acted as outside counsel to the hospital group on all aspects of the transactions
  • Represented an international social network service and a national financial services corporation in the negotiation of service agreements with providers of on-site medical services for the clients' employees
  • Prepared new template provider network agreements for a Medicaid managed care organization

Representative Clients
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  • Anne Arundel Medical Center
  • Australian Health and Nutrition Association
  • Cardinal Health
  • CareFirst
  • Diakon Lutheran Social Ministries
  • Doctors Community Hospital
  • Frederick Memorial Hospital
  • Greater Baltimore Medical Center
  • The Johns Hopkins University
  • Kettering Health Network
  • Lifestyle Medicine Institute
  • Low Country Medical Associates (South Carolina Primary Care Group)
  • Medical Staff, St. Joseph Medical Center
  • New Zealand Health Association
  • North Shore–Long Island Jewish Health
  • Patient First
  • Peninsula Regional Medical Center
  • Sanitarium Health and Wellbeing Company
  • Staten Island University Hospital
  • University of Maryland Medical System

Recognition
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  • Recognized by Chambers USA
  • Ranked as a Tier 1 firm in Healthcare Law (Baltimore) in U.S. News-Best Lawyers "Best Law Firms," 2011 – 2015
  • Attorneys with top rankings by
    • Chambers USA
    • Best Lawyers in America
    • Nightingale’s Healthcare News:
      • “Outstanding Healthcare Antitrust Lawyer”
      • “Outstanding Hospital Lawyers”
      • “Outstanding Healthcare Transactions Lawyer”