In The News

Health Care Attorneys Comment on Draft CA Regulations

Practices: Health Care, Health Care Transactions Industries: Healthcare & Life Sciences

The California Department of Health Care Access and Information released draft regulations this week requiring a 90-day notification be sent to a statewide board when a health care company is engaged in a merger, acquisition, or other business deal.

In a Bloomberg Law article, health care partner Debbie Gersh explained that, “while it clarified a few things, in many ways it created additional uncertainty with respect to some of the things that that they did address.”

Health care attorney John Saran shared that a transaction that would lead to a 10% or greater change in ownership also will require notification, which is a pretty low threshold.

“That’s going to capture most types of transactions that are out there,” John said. “They did expand the reach of what they consider to be a transaction that’s supposed to be reviewed.”

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