Articles and Blogs

Walmart Health announced plans to close all 51 of their health care clinics and virtual health care operations, citing a lack of profitability. A Walmart spokesperson said, “Health care is expensive to run. We were finding that the increased labor and operating costs environment, like with reimbursement, both public and private, made it difficult [to…Read More

On April 23, 2024, the U.S. Department of Labor (“DOL”) announced a final rule (“Final Rule”) scheduled to take effect on July 1, 2024. The Final Rule updates regulations concerning the exemption from minimum wage and overtime pay requirements for executive, administrative and professional employees (“E/A/P”) authorized under Section 13(a)(1) of the Fair Labor Standards…Read More

On April 15, 2024, the Criminal Division of the Department of Justice (“DOJ”) issued a new pilot program to incentivize individuals to come forward with voluntary disclosures (the “Program”). Under this Program, individuals with criminal exposure who come forward and report misconduct that was otherwise unknown to the DOJ may be eligible to receive a…Read More

JLL issued a Medical Outpatient Building Perspective whitepaper. Key takeaways: (i) outpatient volumes will continue to grow, particularly in off-campus MOBs; (ii) MOB demand has outpaced supply since 2021, causing occupancy to rise; (iii) rising construction costs are leading to less new construction; and (iv) MOB cap rates have risen 100-150 bps since Q4 2022….Read More

On April 23, 2024, the Federal Trade Commission (“FTC”) voted 3-2 along party lines to adopt a final rule (the “Final Rule”) banning most companies from entering into or enforcing non-compete clauses. Adoption of the Final Rule comes after more than a year of review following the publication of the Proposed Rule in early 2023….Read More

Health care continues to drive private equity (“PE”) activity, creating opportunities for investors and traditional health care providers. Transactions in the health care space are especially complicated, layering health care regulatory and reimbursement considerations on top of a complex securities, antitrust, privacy and security framework. Hall Render’s PE team of attorneys and advisors leverage the…Read More

On April 10, 2024, CMS released the FY 2025 IPPS Proposed Rule (“Proposed Rule”). The Proposed Rule updates Inpatient Prospective Payment System (“IPPS”) payment rates and makes changes to Disproportionate Share Hospital (“DSH”) payments, various Quality Reporting Programs and requests feedback from the public on several issues. Increase to Payment Rates Under the IPPS CMS…Read More

On March 13, 2024, Indiana joined a growing number of states in enacting health care merger notification laws when Governor Eric Holcomb signed Senate Enrolled Act No. 9 (“SEA 9”) into law. SEA 9 places increased scrutiny on health care mergers and acquisitions throughout the state by requiring certain health care entities involved in a…Read More

Medical Properties Trust has sold its interests in ten hospitals for approximately $1.1 billion. Five of the hospitals are located in Utah and leased to an affiliate of CommonSpirit. They were sold to a joint venture. The remaining five hospitals are located in California and New Jersey. They were sold to Prime Healthcare. The hottest…Read More