Gary Herschman Quoted in “Long-Term Care Deals Drove Busy May”

McKnight's Long-Term Care News

Gary W. Herschman, Member of the Firm in the Health Care and Life Sciences practice, in the firm’s Newark office, was quoted in McKnight’s Long-Term Care News, in “Long-Term Care Deals Drove Busy May,” by Kimberly Marselas.

Following is an excerpt:

A month of more than 90 healthcare transactions was led by long-term care movers and shakers, according to a list compiled for Bloomberg Law.

Bloomberg said its list, created by investment bankers working in the healthcare sector, included any deal announced or closed during May.

In all, there were 30 long-term care entries, twice as many as for hospitals and health systems, and physician practices and services.

The large number “signals that these related sectors will continue to heat up as more baby boomers age into their 70s and 80s and require some level of care along the ‘long-term care services continuum,’” Gary W. Herschman, an attorney with Epstein Becker Green, told Bloomberg.