Healthcare
Healthcare expenditures constitute approximately 17% of the federal budget, which makes it the largest category of expense for the U.S. government. Behind nuclear energy, healthcare is the second most heavily regulated industry in the U.S. Rimon attorneys have been active with a variety of healthcare clients in a number of ways. Rimon attorneys have represented healthcare entities before various state and federal licensing and regulatory agencies. They have also been involved in the structuring of capital formations for healthcare clients and the licensing of healthcare IT.
According to national studies as many as 92,000 people are killed annually in U.S hospitals as the result of some type of medical system error. Rimon attorneys are active in issues relating to patient safety and the law. More emphasis is being placed on the reduction of error and enhancement of patent safety by several federal agencies and payers. Rimon attorneys are at the forefront of shaping the legal agenda in this vital area.
Rimon attorneys have extensive experience advising not-for-profit entities including hospitals, medical auxiliaries, and educational institutions. In addition, Rimon attorneys have assisted in both friendly and hostile acquisitions, including leveraged buyouts, joint venture agreements, spin-offs and acquisitions for control.
Representative Experience of Rimon Healthcare Attorneys:
- Acted as lead intellectual property attorney negotiating $1.3 billion M&A transaction including extensive licensing agreements relating to diagnostic methods and devices and immunoassay, PCR and genetic technologies
- Conducted due diligence review and negotiated acquisition of chain of long-term care facilities
- Conducted due diligence review and negotiated acquisition of home care company operating in three states
- Provided legal opinions to lenders to support extension of credit line to fund acquisition
- Structured arrangements with lenders to provide working capital credit facilities
- Managed and developed strategies for patent portfolios relating to healthcare and performing patent audits and due diligence relating to the same
- Won appeal of Medicare reimbursement ruling that awarded $600,000 per year to hospital client for 20 years
- Acted as Lead Counsel in five separate Medicare group appeals involving over 100 hospitals
- Participated in defense of fraud and abuse claims against client healthcare provider
- Managed patent litigations for both defendants and plaintiffs in healthcare industry
- Founding Director and Officer of National Patient Safety Foundation
- Acted as Chief Intellectual Property Counsel for a public company and privately held entity in the healthcare industry
- Developed computer-based risk assessment tool to evaluate exposure to error and identify patient safety issues in physician practices
- Structured a variety of licensing arrangements relating to information technology for clients in following healthcare industries: pharmaceuticals, biotechnology, and medical devices (see Technology Licensing section for examples)
Blog Posts About Healthcare Law
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