Richard F. Seiden

Retired Partner

Overview

Richard F. Seiden is a partner and health care business lawyer with Foley & Lardner LLP. His practice focuses on all aspects of health care business counseling, including formation of business entities, general business and financing matters, and mergers and acquisitions. He has supervised many of the firm's major Southern California transactions involving mergers and acquisitions, and has participated in a number of venture capital, commercial, and tax-exempt financing transactions. He is a member of the Health Care Industry Team and Transactional & Securities and Health Care Finance Practices.

Mr. Seiden serves as outside general counsel to major nonprofit hospital systems, advising and assisting them in the development of regional integrated delivery systems that are positioned to operate in a managed care environment. He also has been instrumental in creating a variety of vehicles for physician investment, including doctor-owned hospitals, medical office buildings, and joint ventures to operate ambulatory surgery centers, diagnostic imaging, sports medicine, and radiation therapy.

Mr. Seiden is a former member of the firm's Management Committee, and previously served as the managing partner of the firm's California offices.

Representative Experience

  • Created a new non-profit hospital operating system to combine the operations of two major academic medical centers.
  • Created a common parent for a hospital system and a physician-led medical foundation, and ultimately merged the hospital corporation and the medical foundation.
  • Represented the buyer in an affiliation that effectively resulted in the acquisition of assets of a Catholic hospital, through a substitution of the corporate member of the Catholic hospital corporation, with joint board participation, and financial sharing.
  • Represented numerous buyers or sellers of hospitals, skilled nursing facilities, physician practices, HMOs, etc.

Recognition

Mr. Seiden has been Peer Review Rated as AV® Preeminent™, the highest performance rating in Martindale-Hubbell's peer review rating system. He has been listed in The Best Lawyers in America© every year since 2006 and Chambers USA: America's Leading Lawyers for Business (2008–2011). Mr. Seiden was also selected for inclusion in the 2009–2016 Southern California Super Lawyers® lists.

Affiliations

Mr. Seiden has taught a health law course as an adjunct professor at the UCLA School of Law. He is also active in community activities, and is a former chair of the board of trustees of the National Psoriasis Foundation. Mr. Seiden serves as a board member of a specialty hospital.

Education

Mr. Seiden is a graduate of Boalt Hall School of Law, University of California, Berkeley (J.D., 1974) and the University of Pennsylvania (B.A., magna cum laude, 1971), where he was Phi Beta Kappa.

Admissions and Professional Memberships

Mr. Seiden is a member of the American Bar Association, the Los Angeles County Bar Association, and the American Health Lawyers Association. He was admitted to the California Bar in 1974.

Representative Matters

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Foley represented Care 1st Health Plan, a California Medicaid and Managed Care HMO, and its shareholders in the share of stock to Blue Shield of a California for $1.2 Billion.
Foley handled the sale of an HMO to Tenet Healthcare.
Minority shareholders in owner of hospital asserted that directors engaged in self-dealing and retaliation and sought corporate records in searchable electronic format and documents regarding specific corporate transactions. We presented hospital's interests in petition for writ of mandate filed against corporate directors seeking various court orders relating to these requests, all of which were denied by court. Health care litigation/shareholder dispute.