2015 Healthcare Services Private Equity Symposium

Transcription

2015 Healthcare Services Private Equity Symposium
www.mwe.com/HPE-2015/
#HPE2015
2015 Healthcare Services
Private Equity Symposium
March 11—12, 2015 | The Ritz-Carlton, South Beach
The premier national conference addressing critical business and legal issues specific to healthcare services private equity transactions
2015 Healthcare Services Private Equity Symposium
The Affordable Care Act (ACA) has had a positive impact on private equity investment in healthcare services. What
are the trends that continue to drive this unprecedented interest in healthcare services investing, and what steps
can investors take to find and close the right deal at the right price?
Amid this increased interest, the mid-term elections once again brought healthcare to the forefront as a source of disagreement between
Congress and the President. The new Congress is already attempting to dismantle the ACA, and the Supreme Court of the United States has
agreed to hear cases about the constitutionality of certain aspects of the legislation. How will healthcare services investing be affected by
these ongoing challenges related to the implementation of the ACA and other developments? How is private equity responding to the ongoing
consolidation in healthcare services? What are the “hot” investment healthcare services sub-industry segments?
McDermott Will & Emery’s 2015 Healthcare Services Private Equity Symposium will focus on these questions and more as our
renowned panelists address the opportunities and challenges presented to those investing in the almost $3 trillion healthcare services
sector. Throughout the symposium, seasoned private equity investors, investment bankers, healthcare chief executive officers and other
thought leaders will provide valuable insight and guidance on how private equity professionals can navigate the complex business of buying,
and ultimately selling, in what is considered the most regulated industry in the world.
In its ninth year, the symposium continues to be the must-attend conference for managing directors and principals at private equity firms,
investment bankers, C-level executives from all healthcare services sectors and others with a vested interest in healthcare services
private equity.
More than 300 industry professionals are expected to attend, creating a unique setting to network with leaders in the healthcare services
field. The symposium will provide opportunities for management teams from healthcare services companies and private equity professionals
to meet and discuss potential synergies.
We hope you will be one of them and join us in Miami Beach for the annual Healthcare Services Private Equity Symposium.
Ira J. Coleman
Partner and Program Chair
McDermott Will & Emery LLP
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Agenda
W E D N E S D A Y, M A R C H 1 1 , 2 0 1 5
STR ATE G I C PA RTN E R
H E A LT H C A R E P R I V A T E E Q U I T Y B O O T C A M P
Avoiding Landmines and Maximizing Success in Healthcare Transactions
What are the special circumstances one should consider when making private
equity investments in healthcare services? This session will help educate both
seasoned and novice investment bankers, private equity professionals, executives
and owners of healthcare services companies in the processes and issues unique
to healthcare services investments, and will delve into the distinctive business and
legal considerations that one needs to keep in mind when considering the purchase
or sale of a healthcare services company. Legal and business professionals will
address the following topics:
3:00 – 3:45 pm
Building a Better Deal Structure
• The anatomy of a typical healthcare services deal
• Financial implications of the practice management model
• Techniques for aligning stakeholder incentives
PANELISTS
Bernard Grondin, Partner, McDermott Will & Emery LLP
Peter Hudson, M.D., Co-Founder and Advisor, iTriage
Kevin Miller, Partner, McDermott Will & Emery LLP
MODERATOR
Patrick Martinez, Senior Associate, McDermott Will & Emery LLP
3:45 – 4:30 pm
Managing Regulatory and Reimbursement Risk
• The False Claims Act and healthcare fraud and abuse
• Revenue cycle due diligence
DIAMOND SPONSOR
• Methods for transitioning and isolating risk associated with provider numbers
PANELISTS
Jason Caron, Partner, McDermott Will & Emery LLP
Tony Maida, Partner, McDermott Will & Emery LLP
Charles Overstreet, Senior Managing Director, FTI Consulting
Peter Urbanowicz, Managing Director, Alvarez & Marsal
MODERATOR
Joel Rush, Partner, McDermott Will & Emery LLP
4:30 – 4:45 pm
Networking Break
McDermott Will & Emery | 2015 Healthcare Services Private Equity Symposium
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Agenda
W E D N E S D A Y, M A R C H 1 1 , 2 0 1 5
4:45 – 5:30 pm
Beyond the Platform
• Keys to successful bolt-on acquisitions
• Tactics for navigating healthcare restructuring transactions
• Exit preparations
PANELISTS
Ian Adler, Senior Managing Director, Marwood Group
Lisa Ahern, Principal, Deloitte Consulting LLP
Kristian Werling, Partner, McDermott Will & Emery LLP
MODERATOR
Joshua Spielman, Partner, McDermott Will & Emery LLP
T H U R S D A Y, M A R C H 1 2 , 2 0 1 5
7:30 – 8:30 am
Networking Breakfast and Registration
8:30 – 8:40 am
Welcome and Opening Remarks
Ira Coleman, Program Chair and Partner, McDermott Will & Emery LLP
8:40 – 9:15 am
Healthcare Services Industry and Washington Update
PANELISTS
Gregory Nersessian, CFA, Principal, Health Management Associates
Barry Straube, M.D., Director, Marwood Group
Jeff Woods, Senior Principal and Co-Head of the U.S. Healthcare Practice, The Parthenon Group
MODERATOR
Eric Zimmerman, Partner, McDermott Will & Emery LLP
9:15 – 10:00 am
The Fund Principal Perspective Part I
PANELISTS
Ryan Anderson, Managing Director, CCMP Capital
Buddy Gumina, Partner & Co-Head Global Healthcare, Apax Partners
Joshua Nelson, Managing Director, Thomas H. Lee Partners
Jay Wilkins, Senior Managing Director, Harvest Partners
Rob Wolfson, Managing Director, H.I.G. Capital
MODERATOR
Ira Coleman, Program Chair and Partner, McDermott Will & Emery LLP
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Agenda
T H U R S D A Y, M A R C H 1 2 , 2 0 1 5
10:00 – 10:45 am
Smart Healthcare Investing: More Important Now Than Ever
• Identifying threshold regulatory impediments
• Tracing recent trends
• Understanding reimbursement risks and challenges
• Recognizing and addressing potential antitrust issues
• Learning lessons from completed deals
PANELISTS
Ira Coleman, Program Chair and Partner, McDermott Will & Emery LLP
Todd Pierro, Partner, M&A Transaction Services, Deloitte & Touche LLP
Jerry Sokol, Partner, McDermott Will & Emery LLP
10:45 – 11:00 am
Networking Break
11:00 – 11:40 am
Healthcare Transactions: Management’s View
PANELISTS
Ralph de la Torre, M.D., Chairman & Chief Executive Officer, Steward Health Care System
Adam Elberg, Founding Partner, President & Chief Executive Officer, Professional PT
William Lautman, Managing Partner, Nexus Health Capital Partners, LLC
Lynn Massingale, M.D., Executive Chairman, TEAMHealth
MODERATOR
Brooks Gruemmer, Partner, McDermott Will & Emery LLP
11:40 am – 12:20 pm
Developments in Healthcare Exits
PANELISTS
Lewis Gold, Co-Founder & Managing Director, EG Advisors LLC
Joseph Ibrahim, Managing Director, Spindletop Capital
Curtis Lane, Partner, MTS Health Investors LLC
Keith Lockwood, Managing Director, Jefferies LLC
Gregory Roth, Former Chief Executive Officer, TEAMHealth
MODERATOR
Joel Rubinstein, Partner, McDermott Will & Emery LLP
12:20 – 1:50 pm
Networking Luncheon
KEYNOTE SPEAKER
Ben Mezrich, Author, Bringing Down the House,
The Accidental Billionaires
Photo courtsey of CHRISCLOSE.com
Introduction by Susan Manning, Senior Managing Director – Chief Operating Officer,
Center for Healthcare Economics and Policy, FTI Consulting
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Agenda
T H U R S D A Y, M A R C H 1 2 , 2 0 1 5
1:50 – 2:30 pm
Investment Banking for Healthcare Services
• Current sector-specific valuations
• Insights into key deal issues
PANELISTS
Matthew McAskin, Senior Managing Director, Evercore Partners
Phillip Pucciarelli, Managing Director & Head of Healthcare Services, BMO Capital Markets
Ira Rappeport, Partner, McDermott Will & Emery LLP
Todd Rudsenske, Managing Director, Cain Brothers & Company LLC
Justin Walter, Managing Director, Bank of America Merrill Lynch
MODERATOR
Charles Ditkoff, Counsel, McDermott Will & Emery LLP
2:30 – 3:10 pm
The Fund Principal Perspective Part II
PANELISTS
Elizabeth Betten, Director, Madison Dearborn
Adam Dolder, Managing Director & Head of Private Equity, Great Point Partners LLC
Michael Kluger, Managing Director, Altaris
Brian Miller, Managing Partner, Linden Capital Partners
MODERATOR
Harris Siskind, Partner, McDermott Will & Emery LLP
3:10 – 4:00 pm
Private Equity Outlook – Spotlight on Hot Trends
PANELISTS
T.J. Carella, Managing Director, Goldman Sachs & Co.
Andrew Cavanna, Managing Director, Vestar Capital Partners
Michael Dal Bello, Investment Partner – Healthcare, Pritzker Group
Ed Lhee, Partner, New Harbor Capital
Justin Sunshine, Principal, Blackstone
MODERATOR
Phillip Pfrang, Partner, Deloitte & Touche LLP
4:00 – 4:15 pm
Networking Break
4:15 – 4:55 pm
Investment Opportunities in the Shift from Volume- to Value-Based Reimbursement
PANELISTS
David Blaszczak, Principal, Precipio Health Strategies
Otto Campo, Executive Partner, Comvest Partners
Roger Marrero, Managing Director, Comvest Partners
Bruce Perkins, Chairman of the Board, MCCI Medical Group
MODERATOR
Frederic Levenson, Partner, McDermott Will & Emery LLP
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Agenda
T H U R S D A Y, M A R C H 1 2 , 2 0 1 5
4:55 – 5:35 pm
Focus on Financing: Current Lender Perspectives and Market Conditions
PANELISTS
Javier Casillas, Managing Director, H.I.G. Capital
James Craig, Vice President – Middle Market Healthcare, Fifth Third Bank
Claudia Gourdon, Chief Marketing Officer and SVP of Business Development – Hospital Sector,
Healthcare Finance Group
Gregory Pachus, Head of Healthcare, Sponsored Finance, Silicon Valley Bank
MODERATOR
Stephanie McCann, Partner, McDermott Will & Emery LLP
5:35 – 7:30 pm
Networking Cocktail Reception
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Program Faculty
Ian Adler
Michael Dal Bello
Michael Kluger
Senior Managing Director
Marwood Group
Investment Partner – Healthcare
Pritzker Group
Managing Director
Altaris
Lisa Ahern
Ralph de la Torre, M.D.
Curtis Lane
Principal
Deloitte Consulting LLP
Chairman & Chief Executive Officer
Steward Health Care System
Partner
MTS Health Investors LLC
Ryan Anderson
Charles Ditkoff
William Lautman
Managing Director
CCMP Capital
Counsel
McDermott Will & Emery LLP
Managing Partner
Nexus Health Capital Partners, LLC
Elizabeth Betten
Adam Dolder
Frederic Levenson
Director
Madison Dearborn
Managing Director & Head of Private Equity
Great Point Partners LLC
Partner
McDermott Will & Emery LLP
David Blaszczak
Adam Elberg
Ed Lhee
Principal
Precipio Health Strategies
Founding Partner, President &
Chief Executive Officer
Professional PT
Partner
New Harbor Capital
Lewis Gold
Managing Director
Jefferies LLC
Otto Campo
Executive Partner
Comvest Partners
T.J. Carella
Managing Director
Goldman Sachs & Co.
Jason Caron
Partner
McDermott Will & Emery LLP
Javier Casillas
Managing Director
H.I.G. Capital
Andrew Cavanna
Managing Director
Vestar Capital Partners
Ira Coleman
Program Chair & Partner
McDermott Will & Emery LLP
James Craig
Vice President – Middle Market Healthcare
Fifth Third Bank
Keith Lockwood
Co-Founder & Managing Director
EG Advisors LLC
Claudia Gourdon
Chief Marketing Officer & SVP of
Business Development – Hospital Sector
Healthcare Finance Group
Tony Maida
Partner
McDermott Will & Emery LLP
Susan Manning
Partner
McDermott Will & Emery LLP
Senior Managing Director –
Chief Operating Officer, Center for
Healthcare Economics and Policy
FTI Consulting
Brooks Gruemmer
Roger Marrero
Partner
McDermott Will & Emery LLP
Managing Director
Comvest Partners
Buddy Gumina
Patrick Martinez
Partner & Co-Head Global Healthcare
Apax Partners
Senior Associate
McDermott Will & Emery LLP
Peter Hudson, M.D.
Lynn Massingale, M.D.
Co-Founder and Advisor
iTriage
Executive Chairman
TEAMHealth
Joseph Ibrahim
Matthew McAskin
Managing Director
Spindletop Capital
Senior Managing Director
Evercore Partners
Bernard Grondin
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Program Faculty
Stephanie McCann
Ira Rappeport
Kristian Werling
Partner
McDermott Will & Emery LLP
Partner
McDermott Will & Emery LLP
Partner
McDermott Will & Emery
Ben Mezrich
Gregory Roth
Jay Wilkins
Author
Former Chief Executive Officer
TEAMHealth
Senior Managing Director
Harvest Partners
Joel Rubinstein
Rob Wolfson
Partner
McDermott Will & Emery LLP
Managing Director
H.I.G. Capital
Todd Rudsenske
Jeff Woods
Managing Director
Cain Brothers & Company LLC
Senior Principal &
Co-Head of U.S. Healthcare Practice
The Parthenon Group
Brian Miller
Managing Partner
Linden Capital Partners
Kevin Miller
Partner
McDermott Will & Emery LLP
Joshua Nelson
Managing Director
Thomas H. Lee Partners
Gregory Nersessian, CFA
Principal
Health Management Associates
Charles Overstreet
Senior Managing Director
FTI Consulting
Gregory Pachus
Head of Healthcare, Sponsored Finance
Silicon Valley Bank
Bruce Perkins
Chairman of the Board
MCCI Medical Group
Phillip Pfrang
Partner
Deloitte & Touche LLP
Todd Pierro
Partner, M&A Transaction Services
Deloitte & Touche LLP
Phillip Pucciarelli
Managing Director &
Head of Healthcare Services
BMO Capital Markets
Joel Rush
Partner
McDermott Will & Emery LLP
Harris Siskind
Eric Zimmerman
Partner
McDermott Will & Emery LLP
Partner
McDermott Will & Emery LLP
Jerry Sokol
Partner
McDermott Will & Emery LLP
Joshua Spielman
Partner
McDermott Will & Emery LLP
Barry Straube, M.D.
Director
Marwood Group
Justin Sunshine
Principal
Blackstone
Peter Urbanowicz
Managing Director
Alvarez & Marsal
Justin Walter
Managing Director
Bank of America Merrill Lynch
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Accommodations and Travel
T H E R I T Z - C A R LT O N , S O U T H B E A C H – M I A M I B E A C H , F L O R I D A
Phone: +1 800 241 3333
One Lincoln Road
Miami Beach, FL 33139
http://www.ritzcarlton.com/en/Properties/SouthBeach/Default.htm
GROUP PROMO CODE: MWEMWEA
GROUP NAME: McDermott’s Healthcare Services Private Equity Symposium
GROUP RATE: $439.00 (plus tax) for a standard room
With its iconic address among the pastel palette skyline of Miami Beach Art Deco hotels, The RitzCarlton, South Beach puts you in the heart of the chic urban landscape of one of the city’s most fabled
neighborhoods. The landmark hotel, designed by famed architect Morris Lapidus in the Miami heyday
of postmodernism style, opened in 1953 as the DiLido. Today, the hotel embraces its glamorous
past with a transformed contemporary spirit with artwork curated from the private gallery of Diana
Lowenstein. From stylish guest rooms and suites that reveal soothing seaside views, to a luxurious spa
where taking time to renew is time well spent, the timelessness is undeniable and utterly unforgettable.
Airport Information
The Ritz-Carlton, South Beach is located approximately 12 miles from Miami International Airport and 28 miles from the Fort Lauderdale
Airport. Taxis are readily available outside the baggage claim area. The hotel concierge can also arrange car service to and from the airport.
McDermott Will & Emery | 2015 Healthcare Services Private Equity Symposium
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Registration and Accreditation
The cost for this full-day event is $895 per person, and $795 for additional individuals from the same organization. The cost for Healthcare
Private Equity Association (HCPEA) members is $400 per person. Payment is accepted in the form of a personal or company check or credit
card. Please complete a separate registration form for each attendee. A confirmation will be sent to you via e-mail upon paid registration.
To register online, please visit www.mwe.com/HPE-2015/ (online registration is preferred) or click here.
NOTE: Online registration requires payment by credit card. Please contact Robert Greenbaum at [email protected] with any
questions related to registration or the symposium.
McDermott reserves the right to limit or restrict attendance to the symposium.
CANCELLATIONS/SUBSTITUTIONS
The registration fee is refundable with a written notice received by Wednesday, March 4, 2015. After March 4, no refunds will be given,
although you may transfer your registration to another person from the same organization. Substitutions may be made up to 24 hours in
advance of the conference.
Please fax the completed registration form to +1 617 535 3800 or, if paying by check, mail to McDermott Will & Emery, Attention: Robert
Greenbaum, 28 State Street, Boston, MA 02109.
ACCREDITATION
CLE CREDIT
We are pleased to continue to offer Continuing Legal Education (CLE) credit to our attendees. CLE credit is pending in California, Illinois,
New York and Texas. A Certificate of Attendance will be made available to participants requesting CLE credit in all other states. Should
you be interested in obtaining CLE credit, please be sure to sign in on the appropriate sign-in sheet, which will be located at the registration
desk the day of the conference. We will not be able to honor CLE credit to any individual who has not signed in.
Pursuant to its responsibilities as an accredited provider of Minimum Continuing Legal Education (MCLE) in various states, McDermott
has adopted financial aid/financial hardship policies to assist lawyer participants who are unable to attend programs because of cost
considerations.
For further information regarding CLE credit, please contact Robert Greenbaum at [email protected].
McDermott Will & Emery | 2015 Healthcare Services Private Equity Symposium
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Sponsors
McDermott Will & Emery would like to thank the following 2015 Healthcare Services Private Equity Symposium sponsors:
STR ATE G I C PA RTN E R
DIAMOND
P L ATI N U M
NETWORKING RECEPTION SPONSOR
GOLD
S I LV E R
M A R W O O D G R O U P®
KEYNOTE SPEAKER SPONSOR
FACULTY/VIP DINNER
SPONSOR
BRONZE
MEDIA
PORTABLE CHARGERS SPONSOR
EXHIBITOR
NETWORKING BREAKFAST SPONSOR
NAME TAG LANYARD SPONSOR
A S S O C I ATE
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www.mwe.com/HPE-2015/
#HPE2015
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering approximately 1,100 lawyers, we
have offices in Boston, Brussels, Chicago, Dallas, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York,
Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, D.C. Extending our reach in Asia, we have a strategic alliance with MWE
China Law Offices in Shanghai. Our pro bono program seeks to bridge the justice gap for low-income individuals by providing critical legal
services in the areas of family law, housing, benefits, special education, adoption and guardianship, elder abuse, asylum and immigration, and civil
and human rights. We also provide much-needed legal assistance to nonprofits and small businesses whose focus is to develop and revitalize
low-income communities, and to environmental organizations to help ensure a clean, safe and healthy environment for all.
McDermott’s Private Equity Group is among the few, if any, law practices capable of offering the vital blend of in-depth private equity experience and
highly focused industry knowledge. What differentiates the private equity practice at McDermott is our full-service approach to the deal. Combining
the transactional capabilities of the Firm’s corporate deal lawyers with experienced senior lawyers from our highly ranked and recognized
practices—including healthcare, corporate, tax, antitrust, regulatory, intellectual property, employment benefits and executive compensation—we
are well positioned to advise clients on all of the associated issues that may arise with a private equity transaction. Clients tell us they appreciate
our unique ability to address both the transactional and regulatory issues with the capacity to staff multiple deals teams with lawyers possessing
relevant industry experience. To learn more about the Firm’s private equity practice, please click here.
Our health private equity practice advises leading private equity and venture capital firms, management teams and
companies in the health industry on growth equity investments and venture financings, joint ventures, leveraged buyouts
and recapitalizations, mergers and acquisitions, initial public offerings and other general corporate matters. McDermott is
uniquely positioned to advise private equity funds that invest in healthcare services, medical devices and pharmaceuticals,
health technologies and distressed opportunities. Our health private equity lawyers provide cutting-edge strategic and
legal advice that is essential for the successful negotiation of transactions in the healthcare industry. At the same time,
we provide unparalleled healthcare regulatory counsel both in the transaction context (structuring and diligence) and in the
operational context, ensuring compliance with the rapidly changing framework of federal and state healthcare laws and
administrative policies. McDermott lawyers also work with several leading private equity firms on fund formations, early and
later stage investments, consolidations and workouts. We have been retained to act as deal counsel on some of the largest transactions in the
healthcare sector to date. We also have been retained as regulatory counsel, assisting private equity clients and their due diligence teams in
quickly identifying healthcare regulatory issues, including healthcare fraud and abuse concerns, Medicare billing issues, healthcare privacy and
security restrictions, and federal and state licensure issues.
With more than 30 years of experience serving the healthcare industry, McDermott has one of the United States’ largest and most prestigious
health industry practices. Our 100+ health lawyers counsel leading organizations in every major sector of the healthcare industry on regulatory
and business transaction issues. McDermott is the undisputed leading law firm in healthcare as evidenced by the fact that we are the only
firm to receive Tier 1 rankings in healthcare nationally by all of the industry’s top legal directories: Chambers USA, The Legal 500
USA, U.S. News–Best Lawyers and Law360. For the fifth consecutive year, Chambers USA ranked the Firm’s health practice as
the only firm in Tier 1 in the United States (2010–2014). Chambers USA also noted that McDermott is “Held in high esteem for advising
a wide range of healthcare clients including hospitals, physician groups, nursing homes and integrated delivery systems.” McDermott’s health
practice also received Tier 1 recognition in California, Florida, Illinois, Massachusetts and Washington, D.C. One client interviewed by
Chambers USA said that McDermott “provide[s] an extremely high level of performance. Their ability to provide someone with deep knowledge
on any given topic, as well as be[ing] responsive to critical deadlines, is impressive.” Chambers USA 2014 individually recognized 26 of our
health lawyers, nine of whom were also nationally ranked as leaders in health law. Another client stated to Chambers USA that “The firm has
the depth of talent at all levels, with a wide range of specialists who are steeped in the healthcare industry.” Chambers USA named our practice
“Health Team of the Year” in 2010 and 2013; we are the only group to receive this honor twice.
For more information about McDermott’s health practice, please click here.
©2015 McDermott Will & Emery. The following legal entities are collectively referred to as “McDermott Will & Emery,” “McDermott” or “the Firm”: McDermott Will & Emery LLP, McDermott Will & Emery AARPI,
McDermott Will & Emery Belgium LLP, McDermott Will & Emery Rechtsanwälte Steuerberater LLP, McDermott Will & Emery Studio Legale Associato and McDermott Will & Emery UK LLP. These entities coordinate
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not a guarantee of future outcome.