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McGuireWoods, one of the world’s leading law firms, has earned the loyalty of its many longstanding clients with deep and broad legal experience; a passion for understanding their businesses and markets; innovative delivery of practical, business-minded solutions; and unmatched service. With 1,100 lawyers in 21 offices worldwide, McGuireWoods’ continuing success comes down to one simple fact: The firm listens to its clients.

Fraud and Abuse Rules Part III: New Value-Based Arrangement Protections

By Gretchen Townshend, Timothy Fry, Erica Jewell, Michael Paluzzi & Kelly A. Bauer

January 21, 2021

As discussed in a previous McGuireWoods alert, the Department of Health and Human Services (HHS) published final rules, effective Jan. 19, 2021, that significantly amend the Physician Self-Referral Law (Stark Law), the federal Anti-Kickback Statute (AKS) and the Civil Monetary Penalties (CMP) Law. This client alert, the latest in McGuireWoods’ summary series on these final rules, focuses on the AKS safe harbors and Stark Law exceptions finalized by the HHS Office of Inspector General…

The Healthcare Investor

Healthcare & Life Sciences Private Equity Deal Tracker: NovaQuest Acquires CoreRx

By Holly Buckley

January 21, 2021

NovaQuest Private Equity has announced it has acquired CoreRx. CoreRx, based in Clearwater, Fla., is a contract development and manufacturing organization that serves small to mid-sized pharmaceutical and biotech organizations. Founded in 2006, the company offers preformulation, formulation, analytical and stability, clinical manufacturing, commercial manufacturing and packaging services. NovaQuest Private Equity is the private equity group of NovaQuest Capital Management. Based in Raleigh, N.C., and formed in 2000, NovaQuest Capital Management provides strategic…

Take Stock: Federal Policy Watch

Education Policy Update | January 2021

By Scott Frein, Laura Fornash & Victoria Young

January 21, 2021

On Wednesday, January 20, 2021, President Biden was sworn into office. As one of his first official acts as President, Biden signed 17 executive actions, one of which was asking the Acting Secretary of Education to extend the pause on interest and payments for federal student loans. A fact sheet released by the White House states that President Biden will ask the Department of Education to extend these provisions until at least September 30, 2021.…

Password Protected

Virginia Legislature Is Set to Consider Comprehensive Data Privacy Legislation

By Chris Nolen

January 21, 2021

Once again, the Virginia legislature is set to consider comprehensive data privacy legislation. In the 2020 regular session of the Virginia General Assembly, the House of Delegates referred several bills dealing with privacy issues, including a proposed data privacy law, to the Virginia Joint Commission on Science and Technology for study. This year, it appears Virginia is poised to seriously consider adoption of a broad consumer data privacy framework. Senate Bill 1392 , sponsored…

The Healthcare Investor

Women in PE to Know: Gillian Francis and Angela Zenon

By Amber Walsh

January 20, 2021

McGuireWoods has long been an avid supporter of the advancement of professional women. As part of our initiative seeking to expand the leadership of women in private equity, we are continuing our series of profiling women leaders in private equity. We are hopeful that this series will serve to inspire other women to pursue their careers in private equity in a way that best challenges and motivates them, which these impressive women have all done.…

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California Privacy Rights Act: A Move Closer to GDPR? Part II

By Alicia A. Baiardo & Alice O'Donovan

January 19, 2021

In Part II of this series, California-based Ali Baiardo, and London-based Alice O’Donovan, continue their comparison of the GDPR and California privacy law. To view Part I in the series, click here. NEW DATA PROTECTION PRINCIPLES AND OBLIGATIONS ON BUSINESSES a. Key data protection principles The GDPR revolves around seven key data protection principles: Lawfulness, fairness and transparency; Purpose limitation; Data minimisation; Accuracy; Storage limitation; Integrity and confidentiality (security); and Accountability…

Take Stock: Federal Policy Watch

Washington Healthcare Update | Jan. 19, 2021

By Stephanie Kennan & Mariam Eatedali

January 19, 2021

This week in Washington: The 117th Congress will be in session on Jan. 21. Senate Finance Issues Bipartisan Report on Rising Insulin Prices On Jan. 14, the Senate Finance Committee released a bipartisan report on rising insulin prices over the past decade. In the course of its investigation, the committee reviewed the three largest insulin manufacturers (Sanofi, Novo Nordisk and Eli Lilly) and the three largest PBMs (CVS Caremark, Express Scripts and OptumRx) in the U.S.…

LIBOR Transition Blog

Roadmap to the End of LIBOR – Where Are You?

By Lee Cullinane, Linn Mayhew, Jennifer J. Kafcas, Alvino S. van Schalkwyk, Lauren J. Blaber & Harry Poland

January 19, 2021

With the end of LIBOR in sight, on January 11, 2021 the Bank of England, FCA and Working Group on Sterling Risk-Free Reference Rates (the Working Group) published a joint statement on the final countdown to the ceasing of publications of all GBP LIBOR settings at the end of 2021 and an updated 2021 Roadmap to assist business in their preparations for the LIBOR transition. Market participant are encouraged to take the Working Group’s updated…

The Healthcare Investor

Heritage Group Raises More Than $300 Million for Third Healthcare Fund

By Amber Walsh

January 19, 2021

Heritage Group has announced the closing of its oversubscribed third fund with more than $300 million. Heritage Group, based in Nashville, Tenn., makes control and minority equity investments exclusively in the healthcare industry. Founded in 1986, the firm has flexibility on investment size, including interest in pre-EBITDA businesses, as it pursues provider services companies generating revenue. The firm indicated that the new fund would be focused on investing in solution-oriented, high-growth healthcare services and…

Class Action Countermeasures

Sixth Circuit Widens Circuit Split On Class Action Incentive Payments

By Diane Flannery, Bethany Gayle Lukitsch, Trent Taylor & Drew Gann

January 15, 2021

On September 18, 2020, we wrote an article discussing how the United States Court of Appeals for the Eleventh Circuit in Johnson v. NPAS Solutions, LLC, No. 18-12344 (11th Cir. 2020) held that class action incentive payments were improper because “incentive award[s] constitute[] a salary, a bounty, or both[.]” While the Eleventh Circuit mulls on whether to review this issue en banc, on January 14, 2020, the United States Court of Appeals for the Sixth…

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Fraud and Abuse Rules Part III: New Value-Based Arrangement Protections

Healthcare & Life Sciences Private Equity Deal Tracker: NovaQuest Acquires CoreRx

Education Policy Update | January 2021

Virginia Legislature Is Set to Consider Comprehensive Data Privacy Legislation

Women in PE to Know: Gillian Francis and Angela Zenon

California Privacy Rights Act: A Move Closer to GDPR? Part II

Washington Healthcare Update | Jan. 19, 2021

Roadmap to the End of LIBOR – Where Are You?

Heritage Group Raises More Than $300 Million for Third Healthcare Fund

Sixth Circuit Widens Circuit Split On Class Action Incentive Payments

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