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On December 1, 2016, Parker Hannifin Corporation and CLARCOR Inc. announced that the companies have entered into a definitive agreement under which Parker will acquire CLARCOR for approximately $4.3 billion in cash, including the assumption of net debt. The transaction has been unanimously approved by the board of directors of each company. Upon closing of the transaction, expected to be completed by or during the first quarter of Parker’s fiscal year 2018, CLARCOR will be combined with Parker’s Filtration Group to form a leading and diverse global filtration business. Bass, Berry & Sims has served CLARCOR as primary corporate and securities counsel for 10 years and served as lead counsel on this transaction. Read more here.

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Securities Law Exchange BlogSecurities Law Exchange blog offers insight on the latest legal and regulatory developments affecting publicly traded companies. It focuses on a wide variety of topics including regulation and reporting updates, public company advisory topics, IPO readiness and exchange updates including IPO announcements, M&A trends and deal news.

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Matt Curley and Brian Roark Provide Insight on Hospital Fraud & Abuse Enforcement for Becker's Hospital Review

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August 12, 2013

Bass, Berry & Sims attorneys Matt Curley and Brian Roark provided an overview of trends related to hospital fraud and abuse enforcement in a recent article published by Becker's Hospital Review. The article, titled "7 Notable Developments in Hospital Fraud & Abuse Enforcement," discusses the following trends in hospital enforcement:

  1. The government's increased willingness to bring claims alleging unnecessary care; 
  2. The government's scrutiny of the medical need for and hospitals' billing of certain medical procedures; 
  3. Increased awards for whistleblowers reporting Medicare fraud; 
  4. The increased need for hospital peer-reviews in addition to internal reviews; 
  5. The increased number of Stark and AKS cases centered around physician employment arrangements; 
  6. The applicability of Stark to Medicaid claims; and 
  7. The increased focus on holding individuals and entities criminally liable for healthcare fraud.

To read the article in its entirety, please click here.


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