K&L Gates’ Post

Increasing regulation and competition, along with rising costs, have created a perfect storm for health care systems to join forces. The past couple of years saw Bellin Health of Green Bay and Gundersen Health System of La Crosse, as well as Appleton’s ThedaCare and Froedtert & the Medical College of Wisconsin health system of Milwaukee, combine their resources. Meanwhile, Aurora Health, which has clinics and hospitals throughout the region, completed a merger with Advocate Health Care before that company combined with Atrium Health. The health care industry overall is seeing more cross-market mergers. To learn why, pick up the April issue of Insight: https://loom.ly/Cjyc1aA

Yesterday, Families USA’s Senior Director of Health Policy, Sophia Tripoli submitted testimony to the Pennsylvania Office of Attorney General in advance of their public hearing on January 18, 2024, on the proposed integration and affiliation of Washington Health Care Services, Inc., into the University of Pittsburg Medical Center (UMPC). Amidst an ongoing health care affordability and quality crisis in Pennsylvania and across the nation where unchecked consolidation has led to large medical monopolies and high and rising health care prices, we urged the State AG to oppose the proposed merger and any mergers and acquisitions that lead to more concentrated health care markets that threaten the health and financial security of families. State Attorney Generals, including the PA Attorney General, play a critical role in overseeing health care markets, promoting healthy competition, and serving as a backstop against widespread industry consolidation and anti-competitive practices that are too often employed by large health care corporations and hospital systems. Read the testimony here: https://lnkd.in/eJ6P-Ydx

How are physician groups in different specialties valued in the current market? ⬇ In this episode of Docs Doing Deals, attorney Gary Herschman hosts a conversation with Hector Torres, Managing Director at DC Advisory, and Chance Sherer, Managing Director at VMG Health, about how varying specialties are valued in a transaction. In our Docs Doing Deals webcast series, Epstein Becker Green breaks down the basic elements of a health care deal for physicians interested in exploring strategic transactions. 🔗 Find more episodes and additional resources here: https://bit.ly/42wEzeQ #Physicians #MergersAndAcquisitions #Healthcare

How are physician groups in different specialties valued in the current market? ⬇ In this episode of Docs Doing Deals, attorney Gary Herschman hosts a conversation with Hector M. Torres, JD, MBA, Managing Director at DC Advisory, and Chance Barton Sherer, Managing Director at VMG Health, about how varying specialties are valued in a transaction. In our Docs Doing Deals webcast series, Epstein Becker Green breaks down the basic elements of a health care deal for physicians interested in exploring strategic transactions. 🔗 Find more episodes and additional resources here: https://bit.ly/3Uzxhn6 #Physicians #MergersAndAcquisitions #Healthcare

The unique perspectives of healthcare leaders under 40: Leaders of all backgrounds bring varying styles and perspectives to roles at hospitals and health systems. This includes the next generation of healthcare leaders, who bring their own approaches to the issues they focus on each day, including philanthropy, technology and culture. http://dlvr.it/T31ff9

On 25 January 2024, the Federal Trade Commission (FTC) sued to block Novant Health’s proposed US$320m acquisition of two North Carolina hospitals, Lake Norman Regional Medical Center and Davis Regional Medical Center, from Community Health Systems. This article summarizes the first hospital merger challenge brought by the FTC under the new Merger Guidelines. #MergersAndAcquisitions #MergerControl #Competition #Antitrust #Healthcare #Hospitals

Foley partner Hannah Zaitlin was quoted in the #BehavioralHealth Business article "Is an IPO Worth It? What Good Exits in Behavioral Health Will Look Like in 2024," discussing the present appetite for IPOs in the behavioral health market. Check out the full article below. #healthcare #IPO

Foley partner Hannah Zaitlin was quoted in the #BehavioralHealth Business article "Is an IPO Worth It? What Good Exits in Behavioral Health Will Look Like in 2024," discussing the present appetite for IPOs in the behavioral health market. Check out the full article below. #healthcare #IPO

My observations from the 42nd Annual #JPM #Healthcare Conference in San Francisco. With 15 systems presenting with a wide variety of business models and markets, some key takeaways: 1. Strength of “systemness” – larger systems capitalizing on their size, scale, scope and integration (not a siloed group of acquired systems.) 2.“Our industry needs disruption”. New entrants create more competition and a chance to get better. 3. Some showcased stronger balance sheets despite headwinds. 4. Several systems trying to harness AI for services, clinical and patient experience. However, light on details. 5. Best systems are leaning into value-based care. 6. Affordability is a mission goal.  Conscious trying to drive costs down for patients 7. Bottlenecks to access is an inability to serve. Delays to access are hurting health equity. Big investments in ambulatory care. 8. Payors not listening to reality of providers. 9. “Culture eats strategy all day long”. The imperative of creating a unified culture in mergers. MERCER INVESTMENTS, L.L.C. #Mercerhealthcarepractice Becker's Healthcare Modern Healthcare With Intelligence Institutional Investor #chiefinvestmentofficer #CFO #Treasurer

Big news for ADVOCATE RCM and Ventra Health! The combined expertise, technology, and resources will empower us to deliver even more value to our clients and partners. Excited to be part of it. Read the news!