Access to Capital: Not-for-Profit Hospital Conversion Transactions – A Case Study

The ever-changing landscape in health care continues to put significant strain on smaller hospitals and health care systems and their missions to provide high-quality, affordable health care to the patients and communities they serve. As a result, there has been a tremendous increase in the number of community hospitals and health care systems affiliating with larger systems, as well as outright sales of these entities to regional and national nonprofit and for-profit provider organizations. Recently, Memorial Health Systems of York, Pennsylvania made the decision to sell its business and assets to Community Health Systems of Nashville, Tennessee. This Web conference is a case study on the transaction and the related environmental, business, and mission considerations leading up to the sale. The discussion will highlight:

• The current hospital and health system environment


• The circumstances surrounding the decision to sell Memorial Health Systems


• The Memorial Health Systems sale process


• A review of the characteristics desired by for-profit entities, such as CHS, when considering acquisition candidates


• The benefits and burdens of affiliating with for-profit provider entities


• The compelling legal and regulatory issues that present themselves in for-profit to not-for-profit conversion transitions

Panelists

• Roger Strode, Partner, Health Care Industry Team, Foley & Lardner LLP


• Matthew Goldreich, Managing Director with Cain Brothers 


• Ken Hawkins, Senior Vice President, Acquisitions & Development, Community Health Systems


• Sally Dixon, Chief Executive Officer, Memorial Health Systems, a Community Health Systems Company

The Access to Capital Web conference series provides participants with needed information in the most efficient manner possible — only a telephone line and Internet access are required to participate — allowing you to stay up-to-date with timely information from anywhere in the nation.

There is no cost to participate in this program, but pre-registration is required. We look forward to having you join us. For more information, please contact Elie Harris at [email protected].

Foley & Lardner LLP will apply for CLE credit after the program, wherever applicable. Foley & Lardner LLP certifies that this activity has been approved for California MCLE credits by the State Bar of California in the amount of two General credits. Foley & Lardner LLP is a State Bar of California MCLE approved provider. Please note that participants must log in to both the teleconference and LiveMeeting portions on the date of the event; credit may not be obtained by viewing and/or listening to a program recording after the event.