Vista Equity Partners will acquire Model N (NYSE: MODN) for approximately $1.25 billion, according to a news release.
Model N, founded in 1999 and based in San Mateo, Calif., is a provider of revenue optimization and compliance software for the life sciences and technology industries.
Vista Equity Partners, founded in 2000 and…
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Is Your Entity in Compliance?
The Health Insurance Portability and Accountability Act of 1996, as modified by the Health Information Technology for Economic and Clinical Health Act of 2009 (HIPAA) requires covered entities and their business associates to implement policies and procedures to prevent, detect, contain and correct security violations. Under…
PPM deals are one of the hottest trends in the transaction environment with healthcare professionals.
On this episode of The Corner Series, McGuireWoods’ Geoff Cockrell is joined by fellow partner and chair of the firm’s Healthcare Department, Holly Buckley, along with Justin Chamblee, president of the Coker Group, a healthcare consulting…
SK Capital Partners has announced the closing of its latest fund with $2.95 billion in commitments.
The new fund, SK Capital Partners VI, was oversubscribed.
SK Capital Partners, based in New York, is a private equity firm focused on the life sciences and a few other sectors. The firm typically pursues control buyouts, recapitalizations
On March 6, the SEC released its long-anticipated adopting release amending Rule 605.[1] Separately, in late February, FINRA issued Regulatory Notice 24-05 discussing new FINRA Rule 6151, which requires member firms to provide Rule 606 reports to FINRA. The following provides a brief overview of these recent moves by both regulators.
The Centers for Medicare & Medicaid Services (CMS) recently released data on its 2023 settlements of voluntary self-disclosures related to past violations or potential violations of the physician self-referral law (the Stark Law). In 2023, CMS settled an agency record 176 self-disclosures, with settlement amounts totaling over $12,000,000 in the aggregate. Both totals exceeded its prior records, set the prior year, when CMS settled 103 self-disclosures with settlement amounts totaling over $9,000,000 in the aggregate as we reported last fall.
On Feb. 21, the Office of Inspector General of the U.S. Department of Health and Human Services announced the first four subsectors for which it will publish industry segment-specific compliance program guidance. Guidance published in 2024 will focus on Medicare Advantage and nursing facilities. Subsequent guidance will focus on hospitals and clinical laboratories.
KKR has acquired SunFireMatrix, according to a news release.
SunFire, founded in 2016 and based in Carlisle, Mass., is a software and services company providing solutions for the Medicare insurance market.
The private equity platform of Kohlberg Kravis Roberts (KKR) & Co., which is based in New York, considers investments in all…
For over 100 years, the National Association of Insurance Commissioners (NAIC) has been developing model legislation to encourage uniformity among states for the regulation of insurance products. The NAIC model laws and guidelines are proposed statements of insurance regulation for all 50 states as well as the other jurisdictions (such as D.C. and Guam). Once passed, states can choose to adhere to the NAIC’s model laws fully, with modifications, or not at all. If a state chooses to adopt the model law, its adoption will apply to all insurance carriers, managing general agents, agencies, and producers operating in that state.
On March 26, a containership struck the Francis Scott Key Bridge in Baltimore, Maryland, resulting in the collapse of the highway infrastructure and tragic loss of life.[i] As communities grieve the loss of their loved ones, businesses around the world are grappling with the economic fallout, including significant supply chain disruptions. The closure of I-695, which provides an alternate route for hazardous materials and oversized vehicles that are prohibited from going through the Baltimore Harbor Tunnel, has created a gridlock for companies with distribution warehouses nearby.[ii] The many ships stuck at the Port of Baltimore blockage, which is the top port in the nation for automobile shipments, is likely to create a ripple effect for other ports worldwide.[iii]
