Situation: Client separating from larger health care system Three hospital health care system disaffiliating Client was smallest of three entities, disproportionately reliant on parent organization Constituent organizations built and maintained joint data center and technology platform, which needed to be divided to enable disaffiliation Parent organization insisted upon payment of outstanding inter-company indebtedness All negotiations […]
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Situation: Financially unstable hospital needed to finance acquisition of new diagnostic equipment Limited ability to raise capital through usual means (e.g. bonds) Received multiple New York City Council capital allocations, which remained unfunded Legal issues: Inefficient City processes delayed urgently-needed capital funding for years Regulators required client to own and possess equipment prior to drawing […]
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Situation: Physician needed to negotiate exit agreement Physician had been a leader of clinical department for 16 years Health system was closing facility as part of restructuring Legal Issues: Hospital administration initially advised client that an alternate position would be available After a significant delay, administration informed client that no such position existed Proposed severance […]
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