Union Health files new COPA to acquire Terre Haute Regional Hospital
Terre Haute-based Union Health has filed a new certificate of public advantage, or COPA, application related to its planned acquisition of Terre Haute Regional Hospital.
Mergers & Acquisitions
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Accounting firm mergers take off in Indiana, with more expected in 2025
Accounting firm mergers and acquisitions in central Indiana have reached what one Indianapolis attorney called an “unprecedented pace,” and he and other attorneys expect 2025 to continue this year’s trend of consolidation and new deals.
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Many dealmakers in Indiana and across the nation expect a robust 2025
In a national survey of 200 senior executives and dealmaking advisers, 70% said they expect a stronger U.S. merger and acquisition landscape in the next 12 months.
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A year of growth: Law firm mergers saw an increase in 2023
While overall M&A activity saw a decline in 2023, recent data suggest law firm mergers actually saw an increase last year.
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Deal or no deal? Mediators, attorneys say ADR may not be best route for M&A transactions
Some could argue that alternative dispute resolution is the solution to speeding up the process for M&A deals stuck in limbo, but both mediators and M&A attorneys alike agree mediation and arbitration are not the routes they’d choose in most situations.
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Articles
Banks could see M&A growth in 2025 with a more favorable regulatory environment
Will more Indiana-based banks will be included in M&A deals this year? Probably. But if recent trends hold true, those deals likely will involve Indiana banks acquiring out-of-state institutions, not other Indiana banks.
Nippon, US Steel file suit after Biden administration blocks $15 billion deal
The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
Companies signal court fight ahead after Biden blocks U.S. Steel sale
President Joe Biden’s decision to block Nippon Steel’s proposed purchase of U.S. Steel was a political act made in “clear violation of due process and the law,” the two companies said Friday
Biden will decide on US Steel acquisition after influential panel fails to reach consensus
Nippon Steel of Japan has pledged to invest $2.7 billion in U.S. facilities, including blast furnaces in Gary and in Pennsylvania.
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
Albertsons is accusing Kroger of not doing enough to secure regulatory approval for the $24.6 billion agreement, which would have been the largest grocery store merger in U.S. history.
Federal judge halts proposed supermarket merger between Kroger and Albertsons
Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission sued earlier this year, seeking to block the $24.6 billion deal.
Terre Haute’s Union Health withdraws application for hospital acquisition
While Union Health withdrew its application to acquire Terre Haute Regional Hospital, the health system said Monday the two parties will continue to work toward completing the deal, though an estimated timeline was not given.
FTC objection to proposed Terre Haute hospital merger centers on controversial state law
Certificates of public advantage, or COPAs, are a relatively new feature of Indiana law with specific language on when and where the Indiana Department of Health can grant them for a hospital merger.
UPDATE: Krieg DeVault to expand Chicago footprint in merger with Fuchs & Roselli Ltd.
The merger, effective Jan. 1, 2025, combines the Chicago firm’s 25 legal professionals with Krieg DeVault’s existing team, bringing the latter’s Chicago presence to nearly 40 professionals.
Taft announces expansion into Denver market with new merger
Taft Stettinius & Hollister LLP is heading out west through the law firm’s newest merger with Sherman & Howard LLC in Denver. The firm announced Monday that it will merge with that city’s oldest and third-largest law firm effective Jan. 1, 2025.
Indianapolis-based Proteus Discovery Group expands with acquisition of Novitas Data
Proteus Discovery Group announced its recent acquisition of Novitas Data Monday morning. The acquisition doubles Proteus’ size and expands its service offerings with advanced forensics, eDiscovery technology and coast-to-coast geographic coverage, according to the Indianapolis-based company.
A state’s experience with grocery chain mergers spurs a fight to stop Albertsons’ deal with Kroger
Supermarket chains Kroger and Albertsons said Monday they will sell more of their stores in an effort to quell the federal government’s concerns about their proposed merger.
Kroger, FTC spar in court over proposed merger
Whether a proposed merger between two of the nation’s largest grocery store retailers will happen could be decided soon, as a federal judge hears arguments from the Federal Trade Commission and Kroger Company on the company’s proposed $24.6 billion acquisition of the Albertsons Companies Inc.
SKO merges with Jeffersonville law firm in new acquisition
Kentucky- and Indiana-based Stoll Keenon Ogden LLC is continuing to expand into the Hoosier state, with the firm announcing a new merger in August with Jeffersonville’s Applegate Fifer Pulliam. Doug Barr, SKO’s managing director, told Indiana Lawyer the acquisition is a natural expansion for the firm, with Jeffersonville being connected to the Louisville market. The […]
Safe Harbor Policy provides ‘carrot’ for voluntary M&A misconduct disclosures
To give an added jolt to government efforts to deter criminal misconduct in merger and acquisition transactions, the U.S. Department of Justice unveiled a new Safe Harbor Policy last year geared toward voluntary self-disclosures.
Merger, additional attorneys boost Stoll Keenon Ogden’s Indianapolis presence
With the merger, SKO increased its presence in Indianapolis from seven lawyers to 45 and, in combination with its substantial and growing number of lawyers in Evansville (20), now has a total of 65 Indiana-based lawyers and 118 Kentucky-based lawyers.
Open House: A sense of homecoming at Paganelli Law Group
Carmin Parker P.C. in Bloomington is now an office of Indianapolis-based Paganelli Law Group.
FTC’s new noncompete ban allows exceptions for mergers
A sale-of-business provision in the agency’s new rules permits entering into a noncompete with a person who is selling a business or disposing of all of the person’s ownership interest in a business in a “bona fide sale.”
Indiana health care mergers, acquisitions now require 90 days advance notice
Concerned about Indiana’s rising health care costs, the Legislature this year approved a new law that will bring more scrutiny to health care mergers and acquisitions.