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How did an interest in healthcare policy lead Robert Platt to a career in the law? 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

Envision Healthcare

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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.

Click here to download the guide.

Brian Dobbs Outlines Retainage and Licensing Obligations for Tennessee Contractors

Nashville Business Journal


November 17, 2017

Bass, Berry & Sims attorney Brian Dobbs authored an article for the Nashville Business Journal highlighting two key laws that contractors in Tennessee must consider amid the current development boom: retainage and licensing. While many may believe that only general contractors and those performing physical construction must be licensed, Tennessee law defines "contractor" more broadly as any person or entity that supervises, oversees, schedules, directs or assumes charge of a project valued at $25,000 or greater. This could even include project owners who don't have a license, and contracting without a license is subject to fines and penalties by the licensing board – not to mention a potential suspension of the project.

Retainage is another issue that requires compliance and could lead to misdemeanor charges and even a fine of $3,000 for each day of noncompliance – as well as a $300 per day civil penalty. Retainage is an amount withheld form a contract price to ensure completion of a project, and in Tennessee, that fee may not exceed five percent of the contract price. For projects where the prime contract is more than $500,000, retainage must be deposited into a separate, interest bearing escrow account with a third party

The full article, "Consider these Laws Before Building," was published online and in the print editions of the Nashville Business Journal on November 17, 2017. You may use the link to access the online version of the content.

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