On this episode of Across the Table, McGuireWoods partner Alyssa Campbell is joined by Colin McDermott and Savanna Ganyard of VMG Health for a discussion of the publicly traded healthcare operator’s Q1 earnings reports and expectations for the rest of 2023. They also touch on whether today’s investment climate reflects a return to typical healthcare
A Primer on Mass Arbitration
In response to a wave of Supreme Court decisions affirming the enforceability of class action waivers in arbitration agreements, plaintiffs’ firms began using the arbitration agreement’s language (and/or the arbitration provider’s rules) requiring that the entity pay virtually all the fees and costs associated with arbitration against the entities that drafted them through a process now referred to as “mass arbitration.”
Thesis-Driven Investing With Pete Tedesco of Health Enterprise Partners
In this episode of The Capital Corner, Pete Tedesco of Health Enterprise Partners joins host Geoff Cockrell to discuss post-pandemic demands within the healthcare industry and the growing interest in investment of niche healthcare sectors. Pete explains that it’s all about understanding the current industry climate — and it’s important to stay ahead of the
Behind the Facade: Six Legal Considerations for Med Spa Transactions
With increased demand for cosmetic procedures and wellness treatments, the med spa industry is booming and investor appetite in the space is increasing. Still, the industry presents some unique legal challenges that can impact transaction structuring.
Read on for six key points investors should know about the med spa landscape, particularly when structuring transactions and…
OIG to Expand Informal Guidance with New FAQs
The Office of Inspector General (OIG) has announced that it is expanding the topics it considers for new Frequently Asked Questions (FAQs) submitted by healthcare stakeholders. OIG will now answer general questions about the Federal anti-kickback statute (AKS), questions related to the civil monetary penalty (CMP) provision prohibiting remuneration to Medicare and State health care program beneficiaries, and questions relating to OIG’s enforcement authority under these statutes. OIG has stated it will respond to inquiries in the FAQ asking for general applications of AKS to a given type of arrangement. OIG also said it would answer questions regarding compliance and its healthcare fraud self-disclosure protocol.
Healthcare & Life Sciences Private Equity Deal Tracker: General Atlantic Leads Growth Investment Into Gravie
General Atlantic has led a growth investment into Gravie, according to a news release.
Gravie, based in Minneapolis, is an employer health benefits company. Founded in 2013, the company primarily works with small and midsize employers.
General Atlantic, based in New York, is a global growth equity firm that prefers to make more…
Pharmaceutical Suppliers Beware: Expect Increased Scrutiny of Average Wholesale Pricing Methodology and Marketing “The Spread”
A Texas federal court recently denied a pharmaceutical supplier’s motion to dismiss claims brought by a whistleblower under the federal False Claims Act (FCA) alleging violations of the Anti-Kickback Statute (AKS) and manipulation of Average Wholesale Pricing (AWP) rules. The complaint was filed by a pharmacist (the Relator) who previously worked for the defendant, Professional Compounding Centers of America Inc. (PCCA), a pharmaceutical supplier which sells active ingredients to compounding pharmacies. The Relator alleged that PCCA reported inflated AWPs for the ingredients it sold to its compounding pharmacy customers as part of a scheme that violated the FCA and AKS. The Government filed its complaint in partial intervention in November 2021, asserting FCA claims against PCCA for causing the submission of false claims to TRICARE and for reporting false AWPs to the pricing compendia upon which TRICARE reimbursement is based.
Arcline Closes New Fund With $4.5 Billion
Arcline Investment Management has announced it has closed its third fund, Arcline Capital Partners III, with $4.5 billion.
Arcline, based in Nashville, is a growth-oriented private equity firm.
Founded in 2019, the firm seeks to invest in a wide range of industries, including health, life sciences and medical technology.
The Price Isn’t Right?
In recent months, retailers have faced increased pressure from litigation related to their sales practices. While there is overlap, sales practices litigation can fall into four different buckets: pricing, data collection, auto-renewal, and “free” lawsuits. This post focuses on trends in recently filed pricing litigation.
Healthcare & Life Sciences Private Equity Deal Tracker: Audax Invests in Pyramid Laboratories
Audax Private Equity has announced it has completed a growth investment in Pyramid Laboratories.
Pyramid, based in Costa Mesa, Calif., is a drug product contract development and manufacturing organization. Founded in 1988, the company provides formulation development, analytical and stability testing, and aseptic fill-finish manufacturing services focused on large molecule therapeutics.
Audax, with…