Gary Herschman, Kevin Ryan Quoted in “Health-Care Transactions Update: July”Bloomberg BNA's Health Law Reporter August 17, 2017
Gary W. Herschman and Kevin J. Ryan, Members of the Firm in the Health Care and Life Sciences practice, in the firm’s Newark and Chicago offices, respectively, were quoted in the Bloomberg BNA's Health Law Reporter, titled “Health-Care Transactions Update: July,” by Mary Anne Pazanowski.
Following is an excerpt (see below to download the full version in PDF format):
Certain health-care sectors are seeing more consolidation than others, Herschman and Ryan observed. …
The July transactions list shows a small, but growing interest in the behavioral health space, Ryan observed. He told Bloomberg BNA he believes the number of transactions in this industry sector—and especially in the addiction treatment subsector—will increase.
President Donald J. Trump recently declared a state-of-emergency over the nationwide opioid addiction problem, Ryan noted. The president's statement may open up more funding for treatment and could lead providers to consider opening or funding more treatment centers, he said.
Long-term care deals led the list in July, and there were over 20 deals in July that involved the combined long term, home, and hospice care sectors, Herschman said. “As the baby boomers move into their 60s and 70s, investment continues in the long-term care sector, which expects a corresponding growth in demand for services in the near future.”
The population health management drive, additionally, is focusing “on keeping this growing elderly population healthy and cared for in the most cost-effective, outpatient, and home-based settings,” he said.
There also is a growing emphasis on providing a “continuum of care,” with home-based care being the least intensive level for patients, Herschman said. People begin with home care because they don't want to be institutionalized, but providers want to be ready to provide more intensive care as it is needed, he added.