Distance Learning

Private Equity Interest in Behavioral Health

Time: 2:00-3:30 PM Eastern (90 minutes)
Session Format: Live Webinar
CLE Credit Available:  Yes

Topic: The webinar will address trends in the behavioral health industry, especially in relation to transactional activity and the role of private equity.

Topics covered will include:

  1. What is driving this anyhow?  The greater interest and focus in behavioral health generally will be explained by David Weil of Quorum Health.  With the proliferation of parity laws, Medicaid reforms and waivers and the opioid crisis, there has been in increased effort on the part of both governmental and private payers.  Accountable care organizations, clinically integrated networks and population health management initiatives are causing hospitals and systems to pay more attention to integrating behavioral health solutions into their collection of service line offerings.  A largely fragmented market, a staggering demand for behavioral health services, increased funding and opportunities to streamline services, improve services and outcomes and more effective margins are driving the interest of private equity firms.
  2. Why behavioral health?  What does private equity care about?  The present and future private equity investment in behavioral health will be discussed from the private equity professional’s perspective by T. Rudsenske of Cain Brothers.  Mr. Rudsenske will cover the general interest in the sector and specific subsectors of interest, such as psychiatric hospitals, institutions for mental disease and substance use disorder treatment facilities, key factors used by private equity firms to evaluate prospective investments, sector-specific variations in transaction structures, risks and other factors, what firms are active in the sector and predictions for the future.
  3. What value can the lawyer add?  Critical structural and legal issues in private equity transactions will be covered by Justin Watkins of Drinker Biddle.  These will include governance and control, the regulatory landscape, key areas of focus in the due diligence process, post-closing liability concerns, particularly representations and warranties insurance and fraud, and the exit strategy.
  4. What story can you tell me to make this real, to make sense to me?  A case study will be presented by Laura Ashpole, General Counsel, of Community Psychiatry and John Pircon, Principal at New Harbor Capital.  We will learn about the history of Community Psychiatry and the services provided, the background of New Harbor Capital and their interest in health care and particularly behavioral health care, the structure and terms, governance and management/partnership approach related to the investment by New Harbor Capital and operation within the private equity structure.

Level of Difficulty: Intermediate

Listen With a Colleague Registration

  • AHLA Member: $149
  • Government, Academician, Public Interest, or Solo Practitioner AHLA Member: $99
  • Student, Paralegal, or Retired AHLA Member: $99
    AHLA Member Listen with a Colleague Option (see "Listen with a Colleague" link on Overview tab): $99
  • Non-AHLA Member: $199

Content Lead:

  • Behavioral Health


  • Business Law and Governance

David A. Weil, JD, MBA

Vice President, Legal Services

Quorum Legal Services
Quorum Health Resources,
Brentwood, TN

Todd Rudsenske

Managing Director

Cain Brothers

Justin J. Watkins


Drinker Biddle
Philadelphia, PA

Laura Ashpole

General Counsel

Community Psychiatry
Sacramento, CA

John Pircon


New Harbor Capital

The “Listen with a Colleague" option allows multiple registrants from the same organization and location to participate in the webinar at a discounted rate. It may ONLY be used if at least one person from your organization and location has registered at the regular/full webinar registration rate. Please note that those who register under the reduced “Listen with a Colleague" rate must access the webinar from the same location and computer as the full-priced registrant they are registered under.

The “Listen with a Colleague" option is continuing legal education (CLE) credit-eligible. In order to obtain a certificate of completion for submission to a state CLE accrediting body, those registered under this option must obtain the attendance verification code—which will be displayed at a random time during the webinar—and enter that code under “Verification Code for Live Webinar" section of the webinar description webpage. Please note that each registrant must submit a complete evaluation from their individual accounts to obtain a certificate of completion.

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  • Registration Closed