Access to capital remains necessary for health care organizations to thrive. Our experience as counsel on a wide range of projects and financing techniques—together with our knowledge of tax and securities law—enables us to advise clients on the best transaction structure and documentation for their needs. We have served as borrower’s counsel, underwriter’s and disclosure counsel, and bank counsel for health care providers, banks, underwriters, issuers, and indenture trustees. We also represent health care organizations subject to Internal Revenue Service audits and those in financial distress regarding compliance with financial covenants and the restructuring of their debt obligations.
Our national Health Care practice strengthens our Health Care Finance team. We understand the business of health care and the complex legal landscape that providers face in an industry undergoing massive reinvention and transformation. Our team has a rich understanding of the health industry’s dynamics regarding business, regulations, and competition. The attorneys and resources in our Health Care practice support the many areas of law affecting health care providers, including licensing and certificates of need, government investigations and compliance counseling, information technology and privacy, reimbursement and managed care contracting, and hospital/physician alignment strategies. This depth of knowledge is invaluable when performing due diligence on behalf of our clients and addressing any disclosure or other legal issues that may arise.
Our client relationships do not end when the original financing transaction is complete. We handle post-issuance compliance and enforcement issues, including continuing disclosure compliance, program administration, IRS audits, SEC investigations, arbitrage rebate calculation, and investment placement and management. We counsel health care organizations affected by adverse financial conditions that affect their ability to comply with financial covenants and health care laws and regulations, including those who are unable to pay or who have defaulted on debts and are seeking bankruptcy or other workout scenarios.We are ranked nationally for health care in Chambers USA: America’s Leading Lawyers for Business 2019. Additionally, we are recognized by U.S. News/Best Lawyers “Best Law Firms” 2020 as National Tier 1 in health care law.
The Bond Buyer | March 03, 2020
This article mentions Nixon Peabody as borrower’s counsel for NorthShore University Health System’s plan to sell new-money and refunding debt next week. Chicago Project Finance and Public Finance partner Julie Seymour and associate Gretchen Sherwood were the deal attorneys.
Modern Healthcare | September 11, 2018
In this article on a study by Navigant Consulting that explores the size of health systems and their revenue, Chicago Project Finance and Public Finance partner Tom Fahey is quoted for his outlook on M&A activity.
Modern Healthcare | March 06, 2018
Chicago public finance partner Tom Fahey provides commentary in this article about the financial strain on hospital systems caused by the ongoing nursing shortage.
Modern Healthcare | August 21, 2017
Chicago health care partner Valerie Breslin Montague is quoted in this article about how many not-for-profit health care providers are joining larger health care systems as a result of rising costs to operate as independent hospitals.
Health Care | 06.30.20
Health Care | 06.23.20
06.11.19 | Manchester, NH
02.08.18 | Los Angeles, CA
Deputy Practice Group Leader, Public Finance
Team Leader, Project Finance and Public Finance