The Week at Ropes & Gray: Two PE Deals; Health Care Provider Integration; GDPR Update; Uber and FTC Settle
Weekly highlights of what’s happening at Ropes & Gray:
- Exponent Private Equity has agreed to sell Pattonair to Platinum Equity, a leading international aerospace and defense supply chain service provider. And, JMI Equity, a growth equity firm that targets software companies, invested in Arena Solutions, which owns a cloud-based, all-in-one product development platform. Ropes & Gray represented Exponent and JMI.
- By creating economies of scale, particularly through combinations and joint ventures, hospitals and other health care providers can provide significant benefits to patients. In this new video, John Chesley, a health care partner, addresses trends and developments that providers should consider as they integrate and move towards value-based health care models.
- The UK has taken the first step towards cementing the EU’s General Data Protection Regulation into UK law with its “Statement of Intent,” published on August 7. In the statement, the UK commits to updating and strengthening data protection laws in order to fulfil its vision of being “the best and safest place to live and do business online.” This alert by Ropes & Gray lawyers considers some of the key points from the statement.
- And in other data privacy news, on August 15, Uber reached an agreement with the FTC to settle allegations that the company deceived consumers by misrepresenting its security and employee access practices for personal consumer information. Our new alert examines the commission’s first foray into data security practices in the “sharing” economy, which reflects an expansion of its data security enforcement in the cloud space, a potential shift in how the FTC may expect companies to secure data from internal users, and refinements in the FTC’s conception of its own authority in the data security context.