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What colorful method does Claire Miley use to keep up with the latest healthcare regulations as they relate to proposed transactions? Find out 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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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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Healthcare Compliance & Administrative Proceedings

Regulatory complexity and scrutiny are hallmarks of today's healthcare landscape. We have represented healthcare clients in connection with internal investigations regarding potential regulatory, compliance and clinical issues. Our experience includes representing clients in investigations conducted by the Office of Inspector General, United States Department of Justice, the Centers for Disease Control and Prevention, the Office for Civil Rights and state regulatory agencies.

We frequently work with clients to develop and implement compliance programs and provide advice on compliance-related matters. We work to develop policies in anticipation of government and commercial payer claims audits. These audits include those performed by Recovery Audit Contractors (RACs), Zone Program Integrity Contractors (ZPICs) (formerly known as Program Safeguard Contractors (PSCs)), and Medicaid Integrity Contractors (MICs). We routinely represent clients in responding to claims audits and in the appeals of audit results. This group counsels clients in antitrust regulatory requirements, corporate compliance programs and internal and government investigations.

Regulatory complexity and scrutiny are hallmarks of today's healthcare landscape. We have represented healthcare clients in connection with internal investigations regarding potential regulatory, compliance and clinical issues. Our experience includes representing clients in investigations conducted by the Office of Inspector General, United States Department of Justice, the Centers for Disease Control and Prevention, the Office for Civil Rights and state regulatory agencies.

We frequently work with clients to develop and implement compliance programs and provide advice on compliance-related matters. We work to develop policies in anticipation of government and commercial payer claims audits. These audits include those performed by Recovery Audit Contractors (RACs), Zone Program Integrity Contractors (ZPICs) (formerly known as Program Safeguard Contractors (PSCs)), and Medicaid Integrity Contractors (MICs). We routinely represent clients in responding to claims audits and in the appeals of audit results. This group counsels clients in antitrust regulatory requirements, corporate compliance programs and internal and government investigations.

Government audits of healthcare providers continue to increase in frequency and to evolve in nature and scope, and these audits bear serious consequences. At the outset of an audit, the firm can assist clients in responding to a request for medical records or help prepare for interviews conducted by auditors. In cases where an overpayment demand is received by the provider, we can assemble the coding professionals, statistical experts and independent medical experts necessary to formulate an appropriate response.

Compliance Task Force

Keeping up with the ever-changing tangle of complex regulations healthcare organizations face is tough enough. In recent years, the federal government has devoted additional financial resources to fighting fraud in healthcare and also authorized private contractors to scrutinize healthcare providers for Medicare and Medicaid fraud and abuse, such as RAC and ZPIC audits. Additionally, the Patient Protection and Affordable Care Act requires all Medicare and Medicaid providers to implement a compliance program.

A strong, robust compliance program to protect your healthcare organization has never been more important.

To assist our clients in meeting this challenge, Bass, Berry & Sims established a Compliance Task Force. This group of attorneys and other professionals brings significant experience in all aspects of developing, implementing and improving compliance programs for healthcare providers. We counsel clients on all of the elements needed to craft a comprehensive compliance program under the standards of the Federal Sentencing Guidelines and the HHS-OIG's Compliance Program Guidance.

The task force has worked with providers in numerous industry sectors across the continuum of care, from hospitals and multi-hospital health systems and ambulatory surgery centers to post-acute providers and durable medical equipment suppliers.

Members of our Compliance Task Force frequently speak on healthcare compliance to local and national groups, publish articles and network with other compliance professionals through our membership in leading organizations in the field, such as the Health Care Compliance Association and the American Health Lawyers Association. By applying our sophisticated, experienced counsel to the multitude of issues that face highly regulated healthcare services providers, we produce cost-effective and practical solutions to improve our clients' compliance programs.

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