Illinois Healthcare M&A

The healthcare industry is ever changing. In the last decade, the number of solo and small physician practices has declined. This decline is due to a number of factors including a trend of younger physicians preferring to join larger practices upon completion of their education and training for greater work-life balance and a predictable income stream. Solo and small practices may feel pressure to grow or join larger healthcare systems in order to compete with other providers in their area and to obtain greater negotiating power with insurers.

 

The growing administrative burdens created by the government and insurance industry are often difficult for solo and small physician groups to manage or implement. In addition, the level of care coordination demanded in today’s healthcare industry often requires a higher level of organization and more personnel than a solo or small physician practice can afford. This has led to solo and small physician practices merging, selling to larger physician practices, hospitals and healthcare systems buying up solo and small physician practices, and an increase in affiliation and joint venture arrangements designed to combine resources, expertise and to save money.
 
The healthcare M&A attorneys at Goldberg Law Group counsel and represent Illinois physicians in a variety of transactional matters, including the legal aspects of affiliations, joint ventures, mergers and acquisitions of solo and small physician practices. We strive to balance business and legal issues, while structuring medical transactions to comply with state and federal licensing and certification requirements, corporate practice of medicine restrictions, Anti-Kickback and Stark laws, and Illinois state law prohibitions against self-referral. Our experienced attorneys rely upon over 40 years of experience to provide forward-thinking and practical solutions in contract negotiations and structuring healthcare transactions.

In addition to being a healthcare M&A firm, our attorneys assist physicians and medical practices with Medicare and Medicaid audit defense, representation for professional medical staff discipline or adverse actions, and medical staff credentialing and peer review matters.