On Oct. 26, 2023, the National Labor Relations Board issued a final rule that significantly broadens the definition of “joint employment” under the National Labor Relations Act, marking the fifth change to the board’s joint employer standard since 2015. Read on to learn more about how this rule affects employers.
Harvest Partners Closes Fund With $5.3 Billion
Harvest Partners has announced it has closed its latest fund with $5.34 billion of commitments.
The new fund, Harvest Partners IX, surpassed its target of $5.25 billion.
Harvest, based in New York, is a PE firm investing in middle-market companies generating between $100 million and $3 billion in revenue. Founded in 1981, the firm targets investments
FDA Proposes Brominated Vegetable Oil Ban
The Food and Drug Administration has proposed revoking the regulation that authorizes the use of brominated vegetable oil (BVO) in food because the agency no longer considers it safe. Public comments on the proposed rule are due Jan. 17, 2024. Read on to learn what California and New York are doing related to BVO and
DEA Extends Telehealth Prescribing Flexibilities for Controlled Substances
The regulatory landscape for telehealth prescribing of controlled substances is evolving.
In episode 13 of Complications: Health Policy Unraveled, host Stephanie Kennan covers the DEA’s recent extension of pandemic-era telehealth prescribing flexibilities for controlled substances through 2024, marking the second extension. Originally set to expire in May, these extensions followed extensive public input, including
Beneficial Ownership Reporting Requirements under the Corporate Transparency Act
Corporate Transparency Act Beneficial Ownership Reporting Requirements to Take Effect
In 2021, the Corporate Transparency Act (“CTA”) was enacted as part of the Anti-Money Laundering Act of 2020, requiring certain business entities (“Reporting Companies”) to report beneficial ownership information (“BOI”) to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”). FinCEN issued the final
Dental Industry Leaders See Further Expansion of DSOs: HCFG Conference Recap
At McGuireWoods’ 16th annual Healthcare Finance & Growth (HCFG) Conference, a panel of dental industry leaders shared insights with attendees about the market. Panelists included Smiles Ahead COO Sean Barnard, SGA Dental Partners Vice President of M&A Jonathan Mikailonis, Polaris Healthcare Partners Co-founder and Partner Diwakar Sinha, and Edgemont Partners Managing Director Brett Skolnik. The
Healthcare & Life Sciences Private Equity Deal Tracker: Hildred to Acquire Hello Bello
Hildred Capital Management will acquire Hello Bello, according to a news release.
Hello Bello, founded in 2019 and based in Pacific Palisades, Calif., produces baby and family care products.
Hildred, based in New York, is healthcare-focused private equity firm. Founded in 2018, the firm pursues growth equity investments and seeks to invest
OrbiMed Raises $4.3 Billion Across Three Funds
OrbiMed has announced it has raised more than $4.3 billion in commitments for its latest private investment funds.
These new funds include OrbiMed Private Investments IX, OrbiMed Asia Partners V and OrbiMed Royalty & Credit Opportunities IV.
OrbiMed, headquartered in New York, is a life sciences investment firm with more than $17 billion in
HHS Advisory Opinion Approves Profit-Based Bonus Plan for Bona Fide Physician Employees
On Oct. 13, the U.S. Department of Health and Human Services Office of Inspector General issued an advisory opinion approving a physician practice’s proposal to pay bonuses to each of its employed physicians based on net profits derived from the facility fee generated by procedures the physician performed at the practice’s ambulatory surgery center.
Webinar: Regulatory and Transactional Updates for Hospitals and Health Systems
COMPLIMENTARY WEBINARTuesday, November 2, 202312-1 p.m. (ET) | 11 a.m.-12 p.m. (CT) | 9-10 a.m. (PT)
Join McGuireWoods partners Kayla McCann Marty and Gretchen Townshend for an informative webinar on the latest developments impacting hospitals, health systems and outpatient facilities. They will explore:
- Key Regulatory Developments — Learn how to navigate recent changes