On Feb. 10, 2026, the U.S. District Court for the Southern District of New York held that a defendant’s use of generative AI to analyze legal exposure is not protected under attorney-client privilege or the work product doctrine. The decision has important implications as clients and nonlawyers increasingly use generative AI tools to assess legal
Healthcare & Life Sciences Private Equity Deal Tracker: Ares and DaVita to Invest in Elara Caring
Ares’ Private Equity Group (Ares) and DaVita will make a strategic investment in Elara Caring, according to a news release.
Elara, founded in 1975 and based in Dallas, is a provider of home care, offering skilled home health, hospice, personal care services, behavioral health and palliative care in 18 states.
Ares (NYSE: ARES)…
When AI Isn’t Privileged: SDNY Rules Generative AI Documents Not Protected
Executive Summary
- Independent, unsupervised use of generative AI to analyze legal exposure may not be privileged. A federal court held that a defendant’s AI prompts and outputs relating to a criminal investigation of his conduct were not protected after they were seized pursuant to a search warrant.
- Platform terms matter. If an AI provider reserves rights to retain, train on, or disclose user inputs, courts may find confidentiality—and therefore privilege—compromised.
- Structure AI use under counsel’s direction. The ruling leaves open whether counsel-directed enterprise AI use on a secure platform with strong confidentiality terms may be treated differently. Governance and process may be outcome-determinative.
Healthcare & Life Sciences Private Equity Deal Tracker: Aquitaine Acquires KidsChoice
Aquitaine Capital has made a majority investment in KidsChoice, according to a news release.
KidsChoice, founded in 2020 and based in Oklahoma City, Oklahoma, is a provider of autism and pediatric therapy services.
Aquitaine, founded in 2024 and based in New York, is a private equity firm that targets majority investments of…
New Exit Opportunities in Provider Services M&A, With Michael Kroin
From his perspective as CEO and managing partner at Physician Growth Partners, Michael Kroin sees an “interesting time” where different types of buyers are getting into the provider services sector at the same time that payers are aggressively pursuing independent practices.
“You see payers start to have interest in these private equity-backed groups as…
Healthcare & Life Sciences Private Equity Deal Tracker: DWHP Sells LKC Technologies
DW Healthcare Partners (DWHP) has announced it has sold LKC Technologies to AMETEK.
LKC, founded in 1975 and based in Gaithersburg, Maryland, is a manufacturer of electrophysiology testing devices.
DWHP, founded in 2002 and with its U.S. office in Park City, Utah, is a healthcare-focused private equity firm. The firm prefers to make…
HHS OIG Issues Guidance on Anti-Kickback Statute Implications for Direct-to-Consumer Drug Sales Ahead of TrumpRx Launch
In advance of the anticipated rollout of the “TrumpRx” website, a platform promising lower-priced drugs sold directly to consumers, the Office of Inspector General of the Department of Health and Human Services released a special advisory bulletin on Jan. 27, 2026, outlining the Federal Anti-Kickback Statute implications for direct-to-consumer drug sales. The OIG concludes that…
Healthcare & Life Sciences Private Equity Deal Tracker: RoundTable Invests in Colorescience
RoundTable Healthcare Partners has announced it has invested in Colorescience.
Colorescience, founded in 2013 and based in Carlsbad, California, is a skincare and sun protection brand.
RoundTable, founded in 2001 and based in Lake Forest, Illinois, is an operating-oriented private equity firm focused exclusively on the healthcare industry. The firm targets middle market…
Delaware Supreme Court Affirms D&O Coverage in Harman International Bump-Up Exclusion Dispute
On January 27, 2026, the Delaware Supreme Court issued a significant pro-policyholder decision affirming that directors and officers (“D&O”) insurers must cover a $28 million settlement paid by Harman International Industries Inc., to resolve stockholder litigation arising from its multi-billion dollar sale to Samsung Electronics Co., Ltd. The Court affirmed the Superior Court’s ruling that…
Healthcare & Life Sciences Private Equity Deal Tracker: Arcline to Sell Resolution Medical to Resonetics
Arcline Investment Management has announced it will sell Resolution Medical to Resonetics.
Resolution Medical, founded in 2012 and based in Fridley, Minnesota, is an engineering services and outsourced manufacturing company focused on complex Class II and III devices for areas including structural heart, cardiology and vascular, electrophysiology and neuromodulation therapies.
Arcline, founded in…