Gary Herschman, Anjana Patel Quoted in “Walgreens Retail Clinics’ Closure Sparks October Health Deal”

Bloomberg Law Health Law & Business

Gary W. Herschman and Anjana D. Patel, Members of the Firm in the Health Care & Life Sciences practice, in the firm’s Newark office, were quoted in Bloomberg Law Health Law & Business, in “Walgreens Retail Clinics’ Closure Sparks October Health Deal,” by Mary Anne Pazanowski.

Following is an excerpt:

Deal volume in the health-care industry in 2019 is on pace to exceed 2018, attorneys and investment bankers who counsel health-care industry dealmakers told Bloomberg Law. …

Walgreens Driving Deals

TriHealth Unified Health System said it will buy seven of those clinics in the Cincinnati, Ohio, area, Gary W. Herschman, a member of Epstein Becker Green in Newark, N.J., told Bloomberg Law. This deal probably will “be replicated elsewhere, as hospitals implement or expand retail clinic access points in their communities,” Herschman said. …

Additionally, two transactions in the well-established dental practice subsector involved private equity “exits,” Anjana D. Patel, a member of Epstein Becker Green in Newark, N.J., told Bloomberg Law. North American Dental Group and DentalOne partners sold their holdings to new investor groups, she said. …

Hospitals and Health Systems

Deal volume in the home health sector is thriving, mostly due to the aging baby boomer generation and longer life expectancies, Patel said. The emerging cannabis industry also should see more growth through the end of 2019 because of robust state legalization efforts, Herschman said.