Health Care Business Transactions & Finance
This course will expose students to a variety of commercial transactions prevalent in the health care industry. The course will focus initially on health care as a regulated commercial enterprise. After studying the case law, statutes and regulations applicable to health care providers, students will begin an in-depth study of negotiated health care transactions. This study will begin with an examination of the fundamental elements of the acquisition process and an analysis of the tax, antitrust, regulatory and successor liability considerations generally addressed in health care combinations. Students will then be exposed to the various stages of the negotiated acquisition process: due diligence; preliminary negotiations and agreements; transaction structure; final negotiations; definitive agreements; and post-closing relationships. We will also explore the financing mechanisms required to support healthcare entities. The course will examine sources of funding, enterprise valuation, healthcare cost controls, capital structure, traditional debt financing, tax exempt bond financing, securities filings, and insolvency. By the end of the course, the students will have acquired an understanding of the complexities of health care financing and will be familiar with the health care acquisition process from its inception to conclusion.