Colleen M. Powers

Attorney | Indianapolis

Phone: (317) 977-1471
| Fax: (317) 633-4878

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About Colleen

Colleen Powers is a health care transactions attorney who advises health systems, hospitals and physician groups on complex strategic transactions at the intersection of business strategy and regulatory requirements.

She regularly serves as lead counsel on high‑profile mergers, acquisitions and divestitures and helps clients advance alignment strategies that shape organizations long after a deal closes.

Colleen’s practice includes:

  • Leading hospital and physician group acquisitions and divestitures with full transactional oversight and strategic guidance;
  • Leading joint ventures and other affiliation strategies—helping clients navigate both the business and regulatory aspects of each deal;
  • Advising on mergers and other strategic transactions including complex business and regulatory considerations; and
  • Serving as outside general counsel to various providers including physician groups, ambulatory surgery centers and hospitals.

Colleen is known for her responsive, practical approach and her focus on maintaining momentum when transactions become complicated. She is a member of Hall Render’s Board of Directors, serves as Service Line Organizer for the Firm’s Mergers & Acquisitions Service Line and is a member of the Board of Managers for Hall Render Advisory Services.

EDUCATION

Pennsylvania State University, B.A. in Psychology - 2004

Indiana University Robert H. McKinney School of Law, J.D., Honors in Health Law - 2007

ADMITTED TO BAR

  • Indiana - 2007
  • Ohio - 2015
  • Pennsylvania - 2017
  • U.S. District Court, Northern & Southern Districts of Indiana - 2007

honors

  • Best Lawyers Health Care Law “Lawyer of the Year” in Indianapolis – 2027
  • Listed in the 2021 Indianapolis Business Journal “Forty Under 40″
  • Listed in Best Lawyers in America
  • Listed as a “Leading Lawyer” in the “Top Healthcare Transaction Lawyers,” published by the Ambulatory M&A Advisor, 2017
  • Listed in Indianapolis Lawyers “Top Lawyers” – 2026
  • Listed as a “Rising Star” in the “Top Healthcare Transaction Lawyers,” published by the Ambulatory M&A Advisor, 2014-2016
  • Listed in Indiana Super Lawyers Rising Stars – 2011, 2014-2017
  • Distinguished Fellow of the Indianapolis Bar Foundation
  • Indianapolis Bar Association’s Bar Leader Series VIII
  • Young Lawyer of the Year, Indianapolis Bar Association – 2011

Representative Transactions Experience

Colleen has served as lead counsel:

  • In the acquisition of a majority ownership interest in a five-hospital system, including acquisition of ASCs and other ancillary care sites, and the negotiation of a joint venture governance arrangement.
  • In the divestiture of a 140-bed hospital from a for-profit to a non-profit health system.
  • For a large regional health system in their acquisition of a hospital in Puerto Rico, and the subsequent purchase of a minority interest in a physician-owned integrated health system in Puerto Rico.
  • For a health system’s acquisition of a large, multi-specialty physician practice, including more than 200 providers, surgery centers, and an endoscopy center.
  • To a private-equity backed dental MSO representing 25 independent dental practices in their collective sale to private-equity.
  • For multiple physician groups in the sale of their practices to a private-equity backed enterprise, and the negotiation of an interest in the buyer’s MSO.
  • Representing a regional, non-profit network of community and specialty hospitals in the acquisition of a radiology group practice’s assets, ARs and employment of roughly 65 physicians.
  • Representing a regional health system in a joint venture to operate a state-of-the-art PACE Program facility.
  • To a large non-profit regional health system in the acquisition of a 480-bed hospital and related care sites, including medical office buildings, ASCs, outpatient care sites and a medical group.
  • To a large non-profit regional health system in a membership interest purchase transaction, acquiring the remaining ownership interest in a small regional hospital from its joint venture partner.
  • In numerous hospital affiliation transactions. Transactions have included ASC joint ventures; broad-based hospital/physician affiliation strategies, including licensing arrangements and joint ventures with for-profit specialty service providers.

Leadership/Community Involvement

  • Executive Women in Healthcare – President, 2017-2018
  • Executive Women in Healthcare – Board of Directors, 2016-2019
  • TriMedx Foundation – Board of Directors, 2018-Present
  • Gennesaret Free Clinic – Board of Directors, 2014-2016
  • Indianapolis Bar Association – Board of Directors, 2011, 2014-2015
  • Indianapolis Bar Association’s Bar Leader Series – Steering Committee, 2013-2015
  • Young Professionals of Central Indiana – Board of Directors, 2012-2013
  • Indianapolis Bar Association Health Care and Life Sciences Section – Past Chair
  • Indianapolis Bar Association’s Young Lawyers Division – Past Chair
  • Central Indiana Chapter of the Construction Financial Management Association – Board of Directors, 2008-2011
  • American Bar Association
  • American Health Law Association