Healthcare Finance Transactions: Documentation; Perfecting UCC Interests in Commercial and Governmental Receivables

Description

The consolidation of the healthcare sector has driven a strong market for corporate transactions and commercial arrangements. The need for businesses that can provide quality of care and long-term cost reduction has led to deals that look for more efficient, value-based service models. But financing these transactions carry with them unique legal and regulatory challenges that must be skillfully navigated.

When structuring healthcare finance transactions, it is important for lenders to focus on the collateral underlying the loan. Most lenders are familiar with traditional forms of collateral such as equipment and real estate. However, in healthcare lending, government-paid health care receivables are often the primary source of a lender’s collateral because a major source of revenue for healthcare companies comes from federal and state programs such as Medicare and Medicaid. For secured lenders, the healthcare receivables from these government programs are complicated to lend against because the complex security and perfection rules governing them.

Listen as our authoritative panel of healthcare finance attorneys discuss the unique issues faced by participants in healthcare industry trying to obtain financing. The panel will address how to perfect security interests in commercial and governmental receivables and the types of collateral under the UCC and related perfection issues, regulatory issues with various providers and related structuring issues; best practices for documenting healthcare finance transactions to help mitigate risk and much more.