Gary W. Herschman, a Member of the Firm in the Health Care and Life Sciences practice, in the firm’s Newark office, was quoted in the Bloomberg BNA Health Care Daily Report, in “Who You Gonna Call? Health-Care Deal Attorney Hiring Strategies,” by Mary Anne Pazanowski. (Read the full version – subscription required.)

Following is an excerpt:

Deal activity is booming in the health-care industry, and choosing the right legal team is essential to the success of any health-care transaction.

From January to October 2017, Bloomberg Law has tracked over 400 transactions involving billions of dollars in various health-care sectors. With over $17 billion in health-care deals in the third quarter alone, according to one report, that translates into a lot of billable hours for the firms that help put together these deals, which can range from mergers and acquisitions to physician practice consolidations and private equity investment. …

Health-care attorneys who specialize in transactions offer cost-effective services because, in addition to handling transaction agreements, they also have a deep understanding of the health-care industry and the regulations that guide it, Gary Herschman. a health-care deal lawyer with Epstein Becker & Green PC in New York and Newark, N.J., told Bloomberg Law.

Multiple regulatory issues and potential liabilities can lurk in any health-care transaction, ranging from potential federal False Claims Act liability exposure to state-law provider licensing and accreditation questions, Herschman said. Health-care attorneys can spot these issues readily and have the skills to get them resolved quickly, he said.

Health-care is a very heavily regulated industry, and deals may progress more smoothly and efficiently if the lawyers guiding it know the field well, Herschman said. He added that the need for this high degree of specialization has increased in the past 10 years—at least since it became clear that health-care reform was happening under the Obama administration, he said.

Herschman is a Bloomberg Law advisory board member.

Jump to Page

Privacy Preference Center

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalized web experience. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Performance Cookies

These cookies allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site. All information these cookies collect is aggregated and therefore anonymous. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance.