Katherine R. Lofft, Member of the Firm in the Corporate Services and Health Care and Life Sciences practices in the Washington, DC, office, and Colin G. McCulloch, Associate in the Health Care and Life Sciences practice, in the firm's Washington, DC, office, authored an article in The Advisory Board Company’s General Counsel Agenda, titled “Three Components of a Successful M&A Strategy.”
Following is an excerpt:
The acquisition, merger or any change of control of a hospital is a challenging endeavor that requires careful planning, preparation and hard work to be successful. A hospital’s legal department is in a key position to guide the leadership team through the process. Below, we identify the key elements to effectively executing a hospital transaction: business strategy, transaction strategy and communications strategy.