October 13, 2023 | Frank P. Izzo | Jeffrey Ehrhardt | |
New York State and Connecticut have recently enacted laws that prohibit “geofencing” near health care facilities. The New York State law took effect on July 2, 2023, and Connecticut’s on October 1, 2023. These geofencing laws, enacted partly in response to the Supreme Court Dobbs decision (to prevent advertisers from targeting people receiving reproductive services),Read More
September 6, 2023 | Benjamin P. Malerba | Douglas E. Menikheim | Sean N. Simensky | | |
In our previous article, we detailed the role and importance of the letter of intent (LOI) in establishing a framework for selling a dental practice. Now we will discuss the next step in the transaction – performing due diligence.
Due diligence is the process through which each party evaluates the other party(ies) to determine whetherRead More
July 27, 2023 | Benjamin P. Malerba | Douglas E. Menikheim | Sean N. Simensky | | |
In our last installment, we discussed some of the initial steps involved in the process of selling a dental practice, including preparing your practice for sale and finding a potential suitor. Specifically, we described ways in which sellers can find potential buyers and work with advisors and brokers to evaluate the best fit. In thisRead More
June 26, 2023 | Benjamin P. Malerba | Douglas E. Menikheim | Sean N. Simensky | | |
In our last installment, we discussed that the dental services industry has undergone large-scale consolidation in recent years, primarily driven by Dental Services Organizations (DSOs) and private investors. We described what a DSO is and why it is a prevalent vehicle through which private investors are seeking to consolidate the dental services industry. We alsoRead More
May 19, 2023 | John K. Diviney | John F. Queenan | Jeffrey Ehrhardt | |
One of the many new provisions enacted as part of the 2023-2024 New York State Budget was an increase in the minimum wage for home care workers.
Initially, it is important to note that the $1 hourly increase in the minimum wage for home care workers in New York State, slated to take effect OctoberRead More
May 4, 2023 | Benjamin P. Malerba | Jeffrey Ehrhardt | |
Following extended New York State budget negotiations, lawmakers have enacted a significantly modified version of Governor Hochul’s proposed health care transaction review bill, which we discussed in prior posts, here and here.
The bill, as originally proposed, included a comprehensive Department of Health review process, and required the Department of Health’s pre-approval to close certainRead More
May 3, 2023 | Benjamin P. Malerba | Douglas E. Menikheim | Sean N. Simensky | | |
As a dental professional, you are likely aware of the surge of consolidation that has been affecting the industry for the last several years, which has mostly been driven by Dental Services Organizations (DSOs). This consolidation has not only created significant financial opportunities for investors, but it has also created additional financial and exit opportunitiesRead More
April 6, 2023 | Jeffrey Ehrhardt |
Please find an update here https://www.rivkinradler.com/publications/ny-enacts-scaled-back-version-of-hochuls-health-care-transactions-proposal/.
As discussed in our March 22, 2023 post, here, Governor Hochul’s proposed budget contained a bill that, if passed, would be transformative for certain healthcare transactions. Hochul’s proposal was dropped from both one-house budgets proposed by the New York Senate and Assembly.
While its passage appears unlikely, the finalRead More
March 22, 2023 | Jeffrey Ehrhardt |
Please find updates here https://www.rivkinradler.com/publications/governor-hochuls-proposed-healthcare-ma-regulatory-review-remains-uncertain/ and here [https://www.rivkinradler.com/publications/ny-enacts-scaled-back-version-of-hochuls-health-care-transactions-proposal/.
A law in New York Governor Hochul’s proposed budget aimed at regulating “large physician practices being managed by entities that are investor-backed” has been dropped from the State Senate and Assembly proposed budgets (S4007B/A3007B).
Subject to final budget negotiations, the proposed law appears unlikely to be enacted inRead More
February 1, 2023 |
OMIG UPDATE: COMPLIANCE, SELF-DISCLOSURE, AND MANAGED CARE FRAUD, WASTE, AND ABUSE GUIDANCE POSTED
On the heels of publishing their final regulations, on January 31st, the Office of the Medicaid Inspector General (OMIG) released a variety of guidance documents addressing compliance programs; self-disclosure; and Medicaid managed care fraud, waste and abuse prevention programs. The guidance documentsRead More
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