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Primary Care Providers Win Challenge of CMS Interpretation of Enhanced Payment Law

With the help and support of the Tennessee Medical Association, 21 Tennessee physicians of underserved communities joined together and retained Bass, Berry & Sims to file suit against the Centers for Medicare & Medicaid Services to stop improper collection efforts. Our team, led by David King, was successful in halting efforts to recoup TennCare payments that were used legitimately to expand services in communities that needed them. Read more

Tennessee Medical Association & Bass, Berry & Sims

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Six Things to Know Before Buying a Physician Practice spotlight

Dermatology, ophthalmology, radiology, urology…the list goes on. Yet, in any physician practice management transaction, there are six key considerations that apply and, if not carefully managed, can derail a transaction. Download the 6 Things to Know Before Buying a Physician Practice to keep your physician practice management transactions on track.

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CLARCOR Acquired by Parker Hannifin Corporation

Client Type: Public Company

We represented CLARCOR Inc. (NYSE: CLC) in its acquisition by Parker Hannifin Corporation (NYSE: PH) for approximately $4.3 billion in cash, including the assumption of net debt. The transaction closed in February 2017. Additional details about the agreement can be found in the official news release posted on the CLARCOR website.

Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for ten years and served as lead counsel on the transaction.

CLARCOR, headquartered in Franklin, TN, is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products with annual sales of approximately $1.4 billion and 6,000 employees worldwide. CLARCOR adds a broad array of industrial air and liquid filtration products and technologies to Parker's filtration portfolio.

With annual sales of $11 billion in fiscal year 2016, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company has operations in 50 countries around the world. Parker has increased its annual dividends paid to shareholders for 60 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index.

The M&A Advisor Winner 2017This transaction was named a winner in the "M&A Deal of the Year (from $1B-$5B)" category at the 16th Annual M&A Advisor Awards in 2017. It had been recognized as a Finalist, along with five other deals involving Bass, Berry & Sims, for the 2017 M&A Advisor Awards.

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