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In addition to Mark Manner's busy corporate legal practice, he has established himself as a respected and avid astronomer. Read more>

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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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Thought Leadership

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Blueprint for an IPO

Companies go public to raise capital to fuel growth, pay down debt and provide liquidity to shareholders. Although all issuers and offerings are different, the basic process of going public remains relatively constant. Blueprint for an IPO identifies the key players, details the process and identifies the obligations companies will face after going public.

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Operating Room, Law360 Health Group of the Year

Health IT Software Vendor Issues

Helping hospitals find solutions


Hospitals and health systems have never before been so dependent on integrated Healthcare Information Technology (HIT) systems. Seamless patient billing, patient accounting and EMR software is key to 21st-century healthcare – and faulty implementations can cause not only significant damages to the hospital's revenue, but a potential decrease in the quality of patient care delivered, not to mention staff and community relations issues.

When software fails, hospitals often believe one-sided contracts shield the vendor from liability. Bass, Berry & Sims Member Michael Dagley and team find solutions for hospitals with these issues – most notably winning more than $100 million on behalf of a health system over a defective patient accounting system.

Hospitals can't afford a difficult software implementation or blown conversion. The stakes are too high. From ensuring contracts with vendors are fairly arranged to litigating a software dispute, our team is ready to assist in finding the best solutions for your company.

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As the use of health information technology (HIT) continues to grow in importance to hospitals, health systems and other provider organizations, disputes between healthcare organizations and IT vendors are becoming more common. When IT vendors fail to deliver on their promises, it is the healthcare providers who sustain the financial and reputational damages. Consider these recent examples:

  • A Florida hospital that is negotiating a long-term lease with national hospital company HCA had to lower its asking price by $12.5 million because of an HIT contract that HCA believes is too costly.
  • In Georgia, a hospital CEO lost his job after a failed EHR implementation.
  • IT vendors have historically dictated the contract terms to hospitals and health systems but that is now changing.

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