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How did Mike DeAgro's experience co-founding a nonprofit advocacy organization lead to a career in the legal field? Find out more>

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Envision to Sell to KKR for $9.9 Billion

We represented Envision Healthcare Corporation (NYSE: EVHC) in its definitive agreement to sell to KKR in an all-cash transaction for $9.9 billion, including debt. KKR will pay $46 per Envision share in cash to buy the company, marking a 32 percent premium to the company's volume-weighted average share price from November 1, when Envision announced it was considering its options. The transaction is expected to close the fourth quarter of 2018. Read more


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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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DOL's Fiduciary Rule Still in Limbo after Trump Memo and Federal Judge's Ruling

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February 10, 2017

Last week, President Trump issued a memorandum directing the Department of Labor (DOL) to reconsider implementation of the fiduciary rule. The fiduciary rule, which widens the scope of who is considered a "fiduciary" of an employee benefit plan under ERISA and under what circumstances an advisor provides "investment advice," has been met with considerable criticism in some circles.

Many expected President Trump to delay or overturn the rule, but at least initially, he has declined to do so. Trump's memorandum did not delay, withdraw or revise the fiduciary rule in any way. His memorandum merely tasked the DOL with reconsidering the fiduciary rule in light of whether it could negatively affect the ability of consumers to gain access to retirement and investment advice. Specifically, Trump requested legal and economic analysis as to whether the fiduciary rule will:

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To continue reading the content in this article on the firm's HR Law Talk blog, please click here to view the post.

Bass, Berry & Sims' HR Law Talk blog features news, commentary and insights on the complicated and constantly changing labor & employment and employee benefits laws affecting employers.


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