The New Deal: Private Equity’s Role In Healthcare M&A
 
 
HealthcareWebSummit: The New Deal: Private Equity’s Role In Healthcare M&A
 
Overview

Something new is happening in the world of healthcare mergers and acquisitions. Whereas the traditional deal involved one hospital operator acquiring a standalone facility or a small network, a new form of transaction has emerged involving private equity firms. Cerberus Capital Management acquired six-hospital Caritas Christi Health Care in Massachusetts. In Los Angeles, Leonard Green & Partners acquired five hospitals from Prospect Medical Holdings. These were the first acquisitions by these legendary firms of acute care hospitals.

Research by Pepperdine University indicates such deals will only accelerate in the coming years. Hospital and health plan management needs to know who will be M&A targets, what private capital firms are seeking, and how federal healthcare reform may transform this ever-shifting landscape.

Payers & Providers invites you to seek answers to those questions in a special webinar, “The New Deal: Private Equity’s Role In Healthcare M&A” with presentations offering expert "insider" knowledge by Shane Passarelli, Senior Vice President, Healthcare Finance Group and James Unland, President, Healthcare Capital Group
 
Learning Objectives
 
Participants will be able to:
  1. Identify what kinds of facilities present an attractive opportunity to private equity firms, and why
  2. Understand how private equity firms conduct valuations and negotiations
  3. Identify how such transactions can impact patient care and community benefits and relations
  4. Vet the reputations of private equity firms
  5. Engage in interactive learning through live webinar providing online question submission, attendee surveys, feedback and opportunity for follow up questions, and networking with attendees, faculty and other professionals through dedicated LinkedIn group.
Who Should Attend
  
Interested attendees would include:
  • C-Suite Hospital Executives
  • C-Suite Health Plan Executives
  • Private Equity Firm Executives and Staff
  • Legal, Regulatory, and Policy Executives and Staff
  • Marketing Executives
  • Medical Directors
  • Care Management Executives and Staff
  • Clinicians
  • Communications Executives and Staff
  • Marketing and Business Intelligence Staff
  • Strategy and Planning Executives and Staff
  • Customer Service and Engagement Executives and Staff

Attendees would represent organizations including:

  • Hospitals and Health Systems
  • Commercial Health Plans
  • Private Equity Firms
  • Healthcare Financial Management Firms
  • Medicare Managed Care Plans
  • Provider Networks
  • Medical Groups
  • Other Health Care Providers
  • Associations, Institutes and Research Organizations
  • Government
  • Public Policymakers
  • Media
  • Other Interested Parties
Registration
  
Individual Registration Fee: $195. Audio Conference CD-ROM: $40 for attendees; $285 for non-attendees after the event.

Corporate Site licensing also available. Click here to register or call 209.577.4888 We look forward to your participation in this event!

 
Faculty
 
 
Shane Passarelli, Senior Vice President
Shane Passarelli
Senior Vice President
Healthcare Finance Group
   Mr. Shane Passarelli is a Senior Vice President with Healthcare Finance Group, LLC, a New York-based commercial finance company that provides senior credit facilities exclusively to the healthcare industry. Mr. Passarelli founded HFG’s Los Angeles office and has established a West Coast franchise for the company.

Prior to joining HFG, Mr. Passarelli originated and structured senior secured asset-based credit facilities for GE Healthcare Financial Services, providing working capital to middle-market healthcare companies on the west coast. Prior to HFG and GE, Mr. Passarelli executed middle market junior secured lending transactions for Ableco Finance LLC, a special situations hedge fund affiliated with Cerberus Capital Management, L.P.

Mr. Passarelli has been responsible for the sourcing, structuring, underwriting, or closing of over $8 billion in senior and subordinated debt transactions in his career. His primary area of expertise remains structuring complex transactions, with situations ranging from recapitalizations, leveraged buyouts, transitional capital such as refinancings and bridge loans, growth capital, Chapter 11 reorganizations including debtor-in-possession and exit financing, out of court debt restructurings, bond defeasances, and turnarounds.

Mr. Passarelli holds a bachelor’s degree from the University of Virginia.
 
James Unland, President
James Unland
President
Health Capital Group
   A 30-year veteran investment banker and consultant, James Unland oversees a Chicago-based firm that provides a wide range of consulting services to medical practices, hospitals and other types of healthcare providers. Consulting services include:
  • Valuation of healthcare enterprises
  • Merger and acquisition support services, formation of provider-based managed care networks, compliance and fraud consulting for various types of healthcare entities
  • Assisting financially troubled organizations, and serving as an expert witness and/or in a litigation support capacity.

Mr. Unland has authored or co-authored numerous books and articles for healthcare industry publications and is a frequent speaker to health care and business organizations. Since1990, Mr. Unland has also edited The Journal of Health Care Finance.

He holds a master’s in business administration degree from the University of Chicago, and a bachelor’s degree from Harvard College.

 
 
 
 
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