Recap: Health Care Investors Summit – Exploring the Impact and Opportunities From Health Care Convergence

29 September 2015 Health Care Law Today Blog
Authors: Melesa A. Freerks

 

The 2015 Health Care Investors Summit, co-hosted by Foley and Deloitte & Touche, LLP, was held on September 24. This program examined convergence in health care and the effects on investing, mergers and acquisitions, provider consolidation, partnerships, collaborations and related regulatory developments.

A robust discussion occurred between the keynotes as well as the panelists. Some key takeaways from those discussions are:

  • The current landscape of the health care industry needs collaboration across the entire care continuum.
  • Investment trends, associated opportunities and deal structures are being driven by market incentives and the implementation of the Affordable Care Act.
  • Convergence within the hospital and health plan sectors has presented strategic and operational challenges for hospitals and plans and has led to increased uniting of these institutions.
  • The industry trends related to acquisitions and mergers in the health care environment are still on the rise.

When dealing with the current challenges facing the market, consideration should be given to the wide array of legal issues arising from private equity investment, including considerations surrounding the structuring, negotiating, and executing of acquisitions, capital and growth financings, and dispositions of investments through sales, public offerings, and recapitalizations.

Speakers at the program included:

  • Opening Keynote, Mike Weissel, Executive Vice President and Chief Executive Officer of Consumer Solutions Group, Optum
  • Closing Keynote, Thomas M. Moriarty, Executive Vice President, Chief Health Strategy Officer and General Counsel, CVS Health
  • Derek Abruzzese, Chief Strategy Officer, Tufts Health Plan
  • Scott Barry, Managing Director, Essex Woodlands
  • Christopher J. Donovan, Partner, Health Care Industry Team, Foley & Lardner LLP
  • Max Lin, Director, Private Equity, Kohlberg Kravis Roberts & Co.
  • Bryan Martin, Partner, Deloitte & Touche LLP
  • Ollie McCoy, Principal, Life Sciences & Health Care, Deloitte & Touche LLP
  • Stephen Phenneger, Operating Partner, Cressey & Company
  • Mike Uchrin, Chief Executive Officer, Health Choice (a subsidiary of IASIS Healthcare)
  • J. Mark Waxman, Partner, Health Care Industry Team, Foley & Lardner LLP

Conclusion

Though the room recognized various challenges facing the health care industry they are optimistic that those challenges will present opportunities for growth, innovation and collaboration.

This blog is made available by Foley & Lardner LLP (“Foley” or “the Firm”) for informational purposes only. It is not meant to convey the Firm’s legal position on behalf of any client, nor is it intended to convey specific legal advice. Any opinions expressed in this article do not necessarily reflect the views of Foley & Lardner LLP, its partners, or its clients. Accordingly, do not act upon this information without seeking counsel from a licensed attorney. This blog is not intended to create, and receipt of it does not constitute, an attorney-client relationship. Communicating with Foley through this website by email, blog post, or otherwise, does not create an attorney-client relationship for any legal matter. Therefore, any communication or material you transmit to Foley through this blog, whether by email, blog post or any other manner, will not be treated as confidential or proprietary. The information on this blog is published “AS IS” and is not guaranteed to be complete, accurate, and or up-to-date. Foley makes no representations or warranties of any kind, express or implied, as to the operation or content of the site. Foley expressly disclaims all other guarantees, warranties, conditions and representations of any kind, either express or implied, whether arising under any statute, law, commercial use or otherwise, including implied warranties of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Foley or any of its partners, officers, employees, agents or affiliates be liable, directly or indirectly, under any theory of law (contract, tort, negligence or otherwise), to you or anyone else, for any claims, losses or damages, direct, indirect special, incidental, punitive or consequential, resulting from or occasioned by the creation, use of or reliance on this site (including information and other content) or any third party websites or the information, resources or material accessed through any such websites. In some jurisdictions, the contents of this blog may be considered Attorney Advertising. If applicable, please note that prior results do not guarantee a similar outcome. Photographs are for dramatization purposes only and may include models. Likenesses do not necessarily imply current client, partnership or employee status.

Related Services