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Healthcare & Life Sciences
Deep Healthcare Industry Experience
Our healthcare and life sciences practice focuses on our clients’ legal needs so they can do what they do best – treating patients and curing disease. Bracewell has a long history in the industry, representing leading names such as MD Andersen, Texas Medical Center, Memorial Hermann, Houston Methodist, The Menninger Clinic and Texas Children’s Hospital.
We represent research institutions, academic medical centers, hospitals, health systems, surgery centers, physicians, physician practices, healthcare clinics, life science companies, non-profit corporations, charitable trusts and healthcare-related enterprises in a host of matters, including:
- corporate governance
- strategic relationships and partnerships
- financing
- data security
- medical records maintenance
- regulatory compliance
- tax
- antitrust
- intellectual property
- litigation
Areas of Focus
Healthcare Compliance & Operations
Our lawyers have years of experience, including in both in-house roles and in private practice, handling compliance and regulatory matters. We draw on this knowledge to work with healthcare providers in developing compliance programs that meet state and federal regulations. We also provide guidance on regulatory disclosures and, when necessary, develop corrective actions in response to agency audits and surveys.
Meet the teamHealthcare Financing & Transactions
We have along track recording of representing health systems and other healthcare entities in corporate and financing transactions. In 2020, for example, we represented Houston Methodist in $900 million in revenue bonds to finance improvements to its hospitals and healthcare facilities, as well as Memorial Hermann Health System in $270 million in bonds. We also are representing Texas Medical Center in a $2 billion development of a 30-acre biomedical innovation and commercialization campus known as TMC3.
Meet the teamHealthcare IP & Technology
Our intellectual property team represents healthcare providers in all phases of product development, from early-stage funding to exit transactions, as well as in connection with licensing, technology transfers and outsourcing. For instance, we recently represented the University of Texas MD Anderson Cancer Center in negotiating a sublease agreement involving intellectual property issues related to the development of new cancer therapies.
Meet the team
Healthcare Compliance & Operations
Our lawyers have years of experience, including in both in-house roles and in private practice, handling compliance and regulatory matters. We draw on this knowledge to work with healthcare providers in developing compliance programs that meet state and federal regulations. We also provide guidance on regulatory disclosures and, when necessary, develop corrective actions in response to agency audits and surveys.
Meet the team
Healthcare Financing & Transactions
We have along track recording of representing health systems and other healthcare entities in corporate and financing transactions. In 2020, for example, we represented Houston Methodist in $900 million in revenue bonds to finance improvements to its hospitals and healthcare facilities, as well as Memorial Hermann Health System in $270 million in bonds. We also are representing Texas Medical Center in a $2 billion development of a 30-acre biomedical innovation and commercialization campus known as TMC3.
Meet the team
Healthcare IP & Technology
Our intellectual property team represents healthcare providers in all phases of product development, from early-stage funding to exit transactions, as well as in connection with licensing, technology transfers and outsourcing. For instance, we recently represented the University of Texas MD Anderson Cancer Center in negotiating a sublease agreement involving intellectual property issues related to the development of new cancer therapies.
Meet the team
Market-Leading Engagements
We represent clients in a range of transactions in the healthcare and life sciences sector.
- Brazos Presbyterian Homes, Inc. and BHP Holding Co. in the acquisition of Longhorn Village, an entrance fee life plan community in Austin, Texas, through a member substitution transaction resulting in BPHH becoming the sole member of Longhorn Village
- East Texas Medical Center Healthcare System on antitrust aspects of the sale of substantially all assets to Ardent Health Services
- Harris County Cultural Education Facilities Finance Corporation, as underwriter’s counsel in connection with the issuance of $459.205 million of Hospital Revenue Bonds (Memorial Hermann Health System), Series 2016A, Series 2016B-1 (CP Mode), Series 2016C, Series 2016D, Series 2016E, Series 2016B-2 (CP Mode) and Series 2016B-3 (CP Mode)
- Harris County Cultural Education Facilities Finance Corporation, as bond counsel to Texas Children’s Hospital in connection with $355.72 million of Hospital Revenue Bonds, Series 2015-1, Series 2015-2 [7 Month Window VRDB] and Series 2015-3
- Hermann Hospital in negotiations with the IRS involving the hospital’s participation in certain physician recruitment activities, resulting in a closing agreement with the IRS that contained detailed physician recruitment guidelines, serving as the forerunner to Revenue Ruling 97-21 dealing with physician recruitment
- Houston Methodist, as healthcare disclosure counsel in connection with the issuance of $530 million Houston Methodist Taxable Revenue Bonds, Series 2020A and $370 million Harris County Cultural Education Facilities Finance Corporation Tax-Exempt Revenue Bonds (Houston Methodist), Series 2020B to finance and refinance improvements to hospitals and other healthcare facilities
- Lingualcare in connection with its sale to 3M and related corporate matters
- Memorial Hermann Health System, as underwriter’s and deal manager’s counsel to JP Morgan in connection with four series of bonds, for a total of approximately $270 million
