Nossaman Represents Sheridan Healthcare, Inc. in Acquisition of Medical Anesthesia Consultants Medical Group, Inc.
Nossaman's Corporate Practice Group successfully represented Sheridan Healthcare, Inc. ("Sheridan") in its acquisition (by or through it affiliated entities) of Medical Anesthesia Consultants Medical Group, Inc. ("MAC"), a leading perioperative care provider in Northern California and one of the largest independent anesthesia group practices in the United States. Sheridan is a national hospital-based, multispecialty physician services company that provides anesthesiology, radiology, emergency medicine, neonatology and other pediatric subspecialties. MAC is the first California-based anesthesiology practice to join Sheridan.
The merger, which was structured as a stock deal, included a pre-closing "F-Reorganization" merger transaction resulting in the division of MAC's clinical and non-clinical assets into two separate legal entities. The Nossaman team assisted Sheridan in negotiating and drafting numerous transaction documents, including the stock purchase and contribution agreement, escrow agreement, physician employment agreements, administrative employment agreements, releases, profit sharing agreement, management services agreement and contribution and assignment agreement, as well as with several filings with the California Secretary of State. Nossaman's attorneys also navigated through and advised Sheridan on several legal issues, including California's corporate practice of medicine doctrine and other healthcare laws, noncompetition laws and employment issues.
Nossaman's representation of Sheridan in the transaction was led by Ron Grace, with assistance from Veronica Gray, Steve Wiman and Elinor Eizdi.