Steven M. Gerenraich

Partner

Overview

Steven M. Gerenraich is a partner and business lawyer with Foley & Lardner LLP. His practice focuses in the areas of mergers & acquisitions (M&A), private equity and venture capital, joint venture, and other commercial transactions, with particular experience in health care, health care related companies, energy, construction, and the food industry. Steven is a member of the firm’s Transactions Practice as well as the Health Care, Energy, and Food & Beverage Industry Teams.

Steven has extensive experience representing nonprofit and for-profit institutional health care providers (hospitals, health systems and integrated delivery systems), large physician groups, specialty providers (ASC development organizations), private equity firms and industry consultants in a wide variety of health care transactions, including purchases and sales, mergers, transfers of sponsorship of hospitals and health systems, physician practice acquisitions, and complex joint venture arrangements.

Steven has significant experience in a number of other industries, including construction, renewable energy, financial services,transportation, metal recycling, manufacturing and consumer products, where he has represented public and privately held companies, private equity funds, investment banking firms, entrepreneurs and other interested parties in mergers, sales, acquisitions, 363 Sales and other distressed acquisitions, reorganizations, management buyouts and other restructurings, as well as private placements, venture capital transactions and other equity and debt financings.

He also represents companies, both public and private in connection with a variety of day-to-day legal and business issues, including securities law compliance, corporate governance, supply agreements, sales representative agreements, licensing arrangements, employment agreements, consulting agreements and purchase arrangements, as well as more complex commercial arrangements such as joint ventures and other strategic alliances.

Representative matters include the following:


Health Care Industry

  • Represented Louisiana Children’s Medical Center in connection with entering into a Cooperative Endeavor Agreement with the Jefferson Parish Hospital Services District for the lease and operation rights to West Jefferson Medical Center
  • Represented the debtor estate in the sale of the Allegheny Health, Education and Research Foundation, the largest nonprofit healthcare bankruptcy in U.S. history
  • Represented underwriters in 501(c)(3) financings for several major U.S. health systems
  • Represented management companies in the investment and restructuring of physician-owned hospitals and ambulatory surgery centers
  • Represented private equity firm in the purchase of medical device manufacturer
  • Represented health care management and consulting business in acquisition of perioperative and anesthesia services firm
  • Represented Northeast Dermatology Associates, a large platform practice, in connection with the recapitalization of NEDA by Ontario Teachers Pension Plan and Century Equity Partners
  • Represented South Shore Dermatology in connection with the recapitalization of SSD by Phynet
  • Represented The Dermatology Group, a large platform practice, in a recapitalization transaction with Riverside Companies
  • Represented Indiana University Health in the formation of a joint ventured de novo health system in Fort Wayne, Indiana
  • Represented HonorHealth in the acquisition of the medical oncology and hematology practice of Arizona Center for Cancer Care
  • Represented Indiana University Health in the sale of Indiana University Health La Porte and Stark Hospitals to a joint venture company owned by Indiana University Health and Community Health Systems
  • Represented Edward Health Services Corporation, the parent of Edward Hospital and Linden Oaks Hospital, Naperville, Illinois, in its merger with Elmhurst Memorial Hospital, the parent of Elmhurst Memorial Hospital, Elmhurst, Illinois
  • Represented Scottsdale Healthcare, the parent of Scottsdale Healthcare Osborn Medical Center, Scottsdale Healthcare Shea Medical Center and Scottsdale Healthcare Peak Medical Center in its merger with John C. Lincoln Health Network, the parent of Deer Valley and North Mountain Hospitals in the formation of Honor Health

Construction, energy, and materials

  • Represented leading global supplier of support software and services to the energy transportation industry in sale to publicly traded company
  • Represented U.S. based private equity firm in acquisition of one of the largest U.S. private construction contractors, including government contracting and security clearance matters
  • Represented U.S. based private equity firm in connection with acquisition of hydro-excavation platform company and follow-up growth acquisitions
  • Represented large U.S. based raw materials processing and handling corporation in acquisition of coke processing facility in bankruptcy
  • Represented leading provider of engineering, procurement and construction services to the renewable energy and fossil fuel generation industry in North America in acquisition of renewable energy and construction contractor
  • Represented a UK based metal recycling firm in connection with its U.S. acquisitions and implementation of its U.S. growth strategy, including strategic alliances and joint ventures with local producers

Food and Beverage Industry

  • Represented creditors committee in connection with the sale of beef and pork processing businesses in side by side bankruptcy auction process
  • Represented management in connection with a leveraged buyout of wholesale baked goods company
  • Represents specialty coffee manufacturer in connection with corporate restructuring and financing matters
  • Represents publicly traded co-packer in connection with contract and other on-going general corporate matters
  • Represents investor group in connection with ownership interest in regional fast-casual chain
  • Represented private equity fund in acquisition of organic and specialty food product business

Other Representative Matters

  • Represented buyers (an affiliated group consisting of U.S., Canadian, and Mexican entities) in the purchase of railroad rolling stock, consisting of several hundred railcars and locomotives, related equipment and components and leases of rolling stock not owned by the seller
  • Represented U.S. boutique investment bank in connection with a merger with an Australian based global financial services provider
  • Represented a U.S.-based manufacturer of hair care products in a sale to an Indian based consumer products conglomerate

Education

  • University of Illinois Law School, (magna cum laude, J.D. 1996)
  • University of Michigan, (B.A., 1989)

Languages

  • Mandarin Chinese