JD Supra: Mergers

OCTOBER 2, 2023

As explained in prior posts, the Federal Trade Commission (“FTC”) filed suit in April of this year in Federal District Court for the District of Columbia seeking to enjoin Louisiana Children’s Medical Center (“LCMC”) from continuing to integrate the three New Orleans area hospitals that it had acquired from HCA Healthcare, Inc. (“HCA”)

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JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the Department of Justice (“DOJ”) announced that it filed a civil complaint and proposed settlement with Legends Hospitality Parent Holdings LLC (“Legends”) for unlawful pre-merger coordination, commonly referred to as “gun jumping,” in violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”).

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JD Supra: Mergers

JUNE 12, 2024

s (“Novant”) acquisition of two hospitals from Community Health Systems, Inc. (“CHS”). Last week, a federal judge in North Carolina declined to preliminarily enjoin Novant Health, Inc.’s

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JD Supra: Mergers

JUNE 7, 2024

While finding this to be the “rare case” where a hospital’s imminent failure justified its acquisition by a competitor, Judge Kenneth Bell denied the Federal Trade Commission’s motion for a preliminary injunction to enjoin Novant’s acquisition of two hospitals in the Charlotte, NC area. By: Womble Bond Dickinson

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JD Supra: Mergers

JUNE 14, 2024

On Wednesday, June 5 a federal district judge denied the Federal Trade Commission’s (FTC) request for an injunction to prevent Novant Health from acquiring two hospitals from Community Health Systems (CHS) in a $320 million deal.

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The New York Times: Mergers, Acquisitions and Dive

NOVEMBER 30, 2023

Nonprofit hospitals are behaving in ways that seem to focus more on dollars than patients.

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JD Supra: Mergers

JUNE 19, 2024

On June 5, 2024, a federal court in the Western District of North Carolina declined to issue a preliminary injunction blocking the sale of two hospitals in Charlotte, North Carolina, finding that the proposed sale is not likely to lead to anticompetitive behavior and that, on balance, the public equities weigh in favor of allowing the sale to go forward. (..)

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JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the United States Department of Justice (“DOJ”) filed a rare[1] gun jumping[2] civil lawsuit and proposed settlement in the United States District Court for the Southern District of New York against Legends Hospitality Parent Holdings, LLC (“Legends”)—a global sports and entertainment venue services company partially owned by the (..)

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Hospitality Entertainment Acquisitions IT 183

The Guardian: Mergers & Acquisitions

NOVEMBER 28, 2024

Fortress Investment Group said it has made an offer for the UK hospitality group through a newly formed investment vehicle. Continue reading.

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JD Supra: Mergers

OCTOBER 5, 2023

A US district court judge, in a case of first impression, recently held that Louisiana Children’s Medical Center’s acquisition of three New Orleans–area hospitals from HCA Healthcare, Inc.

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JD Supra: Mergers

JUNE 21, 2024

The FTC lost its challenge to Novant's acquisition of two hospitals owned by Community Health Systems ("CHS") but obtained an injunction pending appeal. Soon after learning the injunction was granted, Novant dropped the proposed acquisition.

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JD Supra: Mergers

JUNE 7, 2024

In February, 2023, Novant Health and Community Health Systems (CHS) entered into an Asset Purchase Agreement pursuant to which Novant agreed to acquire Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis) and related assets in North Carolina from CHS for $320 million.

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JD Supra: Mergers

AUGUST 15, 2023

The healthcare sector is a prime target for data breaches. According to a summary by the HIPAA Journal, 32% of all data breaches between 2015 and 2022 were in the healthcare sector, “almost double the number recorded in the financial and manufacturing sectors.”

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JD Supra: Mergers

SEPTEMBER 17, 2024

The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global.

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Hospitality Food Acquisitions IT 283

The New York Times: Mergers, Acquisitions and Dive

JULY 25, 2023

Undoing hospital monopolies may be a lost cause.

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Hospitality Medical Mergers Mergers and Acquisitions 98

JD Supra: Mergers

JUNE 26, 2024

On June 18, 2024, the Fourth Circuit issued a 2-1 decision granting the FTC’s request to block the sale of two hospitals in Charlotte, North Carolina. Earlier this month, a federal court in the Western District of North Carolina declined to issue a preliminary injunction to block the proposed transaction. By: King & Spalding

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JD Supra: Mergers

OCTOBER 25, 2024

In June 2023, the Federal Trade Commission (Commission) proposed major changes to its premerger notification rules that implement the Hart-Scot-Rodino Act and impact a large swath of merger and acquisition transactions each year.

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Hospitality Mergers and Acquisitions IT Mergers 165

JD Supra: Mergers

JUNE 19, 2024

Key Takeaways -.Requires Requires parties to apply for approval from the Hawaii State Health Planning and Development Agency (“HI Agency”) and provide notice to the Hawaii Attorney General (“HI AG”) for transactions involving the acquisition of a Hawaii-regulated hospital.The parties must provide 90 days notice before closing to the HI AG.

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CNBC: Investing

MAY 20, 2024

A chipmaker was among Monday's biggest analyst calls along with a hospital stock.

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Hospitality Stock 103

PE Hub

NOVEMBER 15, 2023

The post Enlightened Hospitality Investments backs restaurant tech company Qu appeared first on PE Hub. USHG's existing backers include Cota Capital, NRD Capital and restaurant group Bobby Cox Companies.

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Hospitality Investment Capital 93

JD Supra: Mergers

OCTOBER 5, 2023

In my earlier post in the Antitrust Advocate Blog, I noted recent setbacks that the Federal Trade Commission has experienced with respect to its regulatory authority.

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PE Hub

JULY 26, 2023

The post Hospitality management platform Craftable inks investment from Gauge Capital appeared first on PE Hub. As part of the investment, Tom McKelvey, Garrett Fair, and Sam Yang from Gauge Capital have joined Craftable’s board of directors.

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Hospitality Capital Management Investment 87

JD Supra: Mergers

JANUARY 14, 2025

Ankura is pleased to present an overview of healthcare services transactions announced or closed during Q3 2024 in the United States. The total number of transactions decreased by 2.8 percent in the third quarter of 2024, following a decrease of 3.1 percent in the second quarter. percent.

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PE Hub

JULY 5, 2023

The post Greenbriar buys parking and hospitality solutions provider Towne Park appeared first on PE Hub. The seller was TA Associates.

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Hospitality 82

The New York Times: Banking

FEBRUARY 18, 2024

Vyacheslav Igorevich Penchukov, 37, of Ukraine, pleaded guilty in federal court for his role in two separate malware schemes that caused tens of millions of dollars in losses.

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Hospitality Financial Institution Securities Banking 140

JD Supra: Mergers

JUNE 19, 2024

Key Takeaways -.Requires

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JD Supra: Mergers

JUNE 21, 2024

Key Takeaways -.Requires

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JD Supra: Mergers

JUNE 11, 2025

Members of the health care community may recall that the 2025 legislative session of the Connecticut General Assembly started out with Governor Lamont signing into law an emergency certificate of need (CON) process for bankruptcy-related hospital ownership transfers (PA 25-2) in light of the well-publicized bankruptcy of Prospect Medical Holdings.

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Hospitality Medical 165

PE Hub

OCTOBER 25, 2023

The joint venture will initially focus on new loan originations and debt refinancing exclusively in the hospitality space within primary and secondary markets throughout the U.S. The post Bain Capital and Smith Hill form $1bn hospitality-focused private lending platform appeared first on PE Hub.

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JD Supra: Mergers

SEPTEMBER 29, 2024

million for FCPA violations is another textbook example of bribery schemes, which revealed the absence of a culture of compliance, and the circumvention of basic entertainment, hospitality and travel expense controls. The SEC's recent settlement with Deere & Company for $9.9

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JD Supra: Mergers

JULY 16, 2024

The joint venture (JV) model is a popular choice among investors for structuring their investments into hospitality and leisure (H&L) assets. By: Goodwin

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Hospitality Investors Investment 165

JD Supra: Mergers

AUGUST 8, 2024

Department of Justice (DOJ) reached one of its largest “gun jumping” settlements following allegations that sporting and entertainment events company, Legends Hospitality, illegally conducted business with its acquisition target, ASM Global Inc., This week, the Antitrust Division of the U.S. prior to consummating their transaction.

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JD Supra: Mergers

AUGUST 16, 2024

Earlier this month, the Department of Justice (DOJ) Antitrust Division filed a consent decree fining venue management firm Legends Hospitality $3.5

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Hospitality Acquisitions Management 177

JD Supra: Mergers

OCTOBER 13, 2023

As further explained in our previous post, subject to certain exceptions, third party payers and administrators, hospitals, hospital systems, fully integrated delivery systems, pharmacy benefit managers, physician organizations, and other providers (collectively, Health Care Entities) will soon be subject to potential prospective.

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Hospitality Management 159

PE Hub

AUGUST 28, 2023

The post KSL Capital to take luxury hotels owner Hersha Hospitality Trust private appeared first on PE Hub. According to terms of the agreement, KSL will acquire Hersha shares for $10 per share.

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Hospitality Capital Shares 74

Global Newswire by Notified: M&A

AUGUST 27, 2024

Joining IndiCater Limited (“IndiCater”), a Volaris company, this deal further builds the organizations’ leadership in the foodservice and hospitality sector in the UK. (“Volaris”), today, announced the acquisition of Zupa Tech Limited (“Zupa”) and its flagship solution, Caternet.

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Hospitality Acquisitions IT 71

JD Supra: Mergers

DECEMBER 13, 2023

It’s no secret that Democrats are traditionally trustbusters, but the Biden Administration is taking things to a whole new level, bringing novel—and arguably weak—cases that nonetheless slow or block tie-ups among healthcare entities, including hospitals, health plans, pharmaceutical and medical device companies. By: Fenwick & West LLP

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