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In June 2016, AmSurg Corp. and Envision Healthcare Holdings, Inc. (Envision) announced they have signed a definitive merger agreement pursuant to which the companies will combine in an all-stock transaction. Upon completion of the merger, which is expected to be tax-free to the shareholders of both organizations, the combined company will be named Envision Healthcare Corporation and co-headquartered in Nashville, Tennessee and Greenwood Village, Colorado. The company's common stock is expected to trade on the New York Stock Exchange under the ticker symbol: EVHC. Bass, Berry & Sims served as lead counsel on the transaction, led by Jim Jenkins. Read more.

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Inside the FCA blogInside the FCA blog features ongoing updates related to the False Claims Act (FCA), including insight on the latest legal decisions, regulatory developments and FCA settlements. The blog provides timely updates for corporate boards, directors, compliance managers, general counsel and other parties interested in the organizational impact and legal developments stemming from issues potentially giving rise to FCA liability.

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Jeff Oldham on Proposed Exception to Tennessee’s Usury Law and Nashville Convention Center Bond Financing

Media Mentions

March 4, 2010

Bass, Berry & Sims attorney Jeff Oldham, chair of the firm's Public Finance Practice, discusses the impact of a proposed exception to Tennessee Usury Law and the bond financing for the new Nashville Convention Center for The Bond Buyer. The article by Shelly Sigo, titled "Nashville Convention Deal Waits on Change to State’s Usury Law," appears in the March 3, 2010 issue.

From the article:

But Nashville has asked lawmakers for an exception to the usury law because it is unclear whether the 35% interest subsidy for BABs from the U.S. Treasury can be included in the interest-rate calculation, said Jeff Oldham, the authority’s bond counsel at Bass Berry & Sims PLC.

"This is just a clarification of state law to make sure BABs and their higher stated coupons don't trip up against a technical usury statute," he said. "BABs offer us a good deal and because of the way they are structured with a taxable interest rate, we don’t want to go into a market with any doubts."

Tennessee has had a usury law since 1979 regulating the maximum interest rate on muni bonds. The law was instituted when the prime and interest rates were much higher. The current rate is 4% over the prime rate, or 7.25%, said Mary-Margaret Collier, director of the state's Division of Bond Finance.

With permission of © 2010 The Bond Buyer and SourceMedia Inc., All rights reserved.

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