Torrey McClary has structured and negotiated some of the most prominent and complex health system deals in the United States in recent years. She represents academic medical centers, nonprofit and for-profit hospitals and health systems, technology companies and REITs in mergers and acquisitions and other transformational transactions. Clients count on Torrey’s deep health care and deal experience for their highly regulated and innovative deals.
Torrey’s practice focuses on acquisitions, strategic affiliations, joint ventures and restructurings across the health care continuum. She is sought after for her creativity and successful implementation of transactions utilizing a variety of deal structures, including asset purchases, membership substitutions, joint operating agreements, integration and affiliation agreements and long-term leases. Torrey is also expert in the legal and operational issues affecting the health care, academic and research relationships of universities and their medical centers.
Torrey has led several major hospital acquisition and disposition transactions, including the first-ever acquisition of a private hospital by a state health care system in New York. She recently formed a high-profile statewide health care alliance between a major academic medical center and the state’s largest community health system. She also managed one of the largest academic medical center spin-offs from a high-profile university in Tennessee. Torrey often advises boards and management of nonprofit health systems regarding governance, structuring and alignment matters and significant transactions.
Torrey is frequently quoted on trends and developments in health care in national outlets such as The New York Times and Forbes, and in industry publications such as Becker’s Hospital Review and Modern Healthcare. She is a frequent author and speaker on health care transactions and related issues. Torrey is listed as a Top 100 Woman Lawyer in California by The Daily Journal and was named as a Top 50 Woman Lawyer by the National Diversity Council.Experience
- Represented Atrium Health in its strategic combination with Advocate Aurora Health to create the fifth largest nonprofit health system in the country, with $27 billion in combined revenue and 67 hospitals located in six states.
- Represented The George Washington University (GW) in the sale of its ownership interest in George Washington University Hospital to Universal Health Services, Inc. (UHS) and the restructuring of GW’s long-term affiliation with UHS.
- Represented Renown Health in its affiliation and long-term partnership with the University of Nevada, Reno, which established the first integrated health system in Nevada.
- Represented St. Luke’s University Health Network in its acquisition of Easton Hospital from Steward Health.*
- Represented Ohio State University Wexner Medical Center and Bon Secours Mercy Health in the formation of Health State Alliance, a statewide affiliation created to address Ohio’s critical health needs.*
- Represented Atrium Health in the formation of its Musculoskeletal Institute and entry into a co-management arrangement with multiple physician groups.*
- Represented St. Luke’s University Health Network in its entry into a joint venture with Geisinger to build a new 80-bed hospital in Schuylkill County.*
- Represented St. Luke’s University Health Network in its participation in Civica Rx, a not-for-profit generic drug company, as a founding member.*
- Represented Vanderbilt University in its spin-off of Vanderbilt University Medical Center.*
- Represented St. Louis University in its acquisition of St. Louis University Hospital and its joint venture with SSM Health.*
- Represented Rush University System for Health in the restructuring of Rush Health, its clinically integrated network.*
- Represented UCHealth in its joint venture to create an inpatient rehabilitation facility with Boulder Community Health.*
- Represented the University of California San Diego in its cancer center collaboration with Eisenhower Medical Center.*
- Represented Holy Spirit Health System in its integration into the Geisinger Health System.*
- Represented University of Colorado Hospital Authority in creation of a new health care system, UC Health, with Poudre Valley Health System.*
- Represented UCHealth in its acquisition of the Memorial Hospital System from the City of Colorado Springs.*
- Represented UCHealth in its acquisition of the Yampa Valley Medical Center.*
- Represented UCHealth in its acquisition of Pikes Peak Regional Hospital.*
- Represented UWHealth in its strategic affiliation with UnityPoint Meriter Hospital.*
- Represented Hamot Medical Center in its acquisition by the UPMC health system.*
- Represented Altoona Regional Medical Center in its acquisition by UPMC.*
- Represented Inova Health System in its creation of an innovative pediatric joint venture with Children's National Medical Center.*
- Lead transactional lawyer representing SUNY Upstate Medical Center in its acquisition of Community General Hospital.*
- Represented SUNY Downstate Medical Center acquired Long Island College Hospital.*
- Represented Albert Einstein Medical Center in its separation from the Jefferson Health System.*
- Represented University of Miami in its acquisition of Cedars Medical Center from HCA.*
- Represented a large academic health system on various complex health care joint ventures and collaborations.*
- Represented a top-ranked academic medical center in the consolidation of its clinical operations with a non-profit hospital.*
*Prior to joining Ropes & Gray