Kaufman & Forman, P.C.
Call to arrange a consultation
678-957-7769 | 770-390-9200
Contact Us
practice areas

Ailing Southern Regional coming under Emery umbrella

The process of partnering with or acquiring another business can be complex. Working out all the details of the partnership or mergers and acquisitions nuances, including financials and contracts under deadline can present unique challenges to any business. Atlanta readers may have already learned of an agreement reached between Southern Regional Medical Center and Emory Healthcare which will likely benefit both entities once the details are ironed out.

Southern Regional is located in the southern portion of metro Atlanta. Having faced serious financial decline, the company has been considering that managers said might include a joint venture or sale since last summer. Emory Healthcare, apparently seeing a potentially golden opportunity for expansion, has entered into a partnership arrangement with Southern Regional, adding the hospital to Emory's existing healthcare network of four hospitals.

Reports say that under the new relationship, Emory will provide operational and financial assistance to Southern Regional. Southern Regional will be responsible for paying Emory a management fee the amount of which has not been disclosed. Analysts indicate that by bringing Southern Regional under the Emery umbrella, Emery will have an edge in its competition with Piedmont Healthcare. The partnership is slated to begin on Oct. 1.

When businesses consider mergers and acquisitions or other forms of partnership arrangements, there are many things that they must consider to be sure the law is adhered to. Achieving the desired outcome can take adept negotiation, time and skill. When issues arise, having the right support system in place, including experienced legal counsel, can be critical to ultimate success. In this instance, it appears that both business entities took advantage of an opportunity that could well result in furthering the business plan of each company while continuing to provide valuable healthcare services in the greater Atlanta area.

Source: Atlanta Business Chronicle, "Emory, Southern Regional reach deal," Urvaksh Karkaria, Sept. 17, 2012

No Comments

Leave a comment
Comment Information

Contact Kaufman & Forman, P.C. Now

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

get Legal Help Now

Kaufman & Forman, P.C.
8215 Roswell Road
Building 800
Atlanta, GA 30350

Toll Free: 800-461-5864
Phone: 678-957-7769
Fax: 770-395-6720
Atlanta Law Office Map

Review Us

Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

*AV Preeminent and BV Distinguished are certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies. Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the bar and the judiciary. Martindale-Hubbell ratings fall into two categories: legal ability and general ethical standards.