Justin P. Aiello

Overview

Justin P. Aiello works with healthcare providers and private equity sponsors in a wide range of transactions, including mergers and acquisitions, joint ventures and strategic contractual agreements. He structures transactions and financial arrangements to meet the business goals of all stakeholders while complying with an array of complex state and federal healthcare regulations. He is experienced in advising his clients on the Stark Law and Anti-Kickback Statute, corporate practice of medicine laws, state licensure laws and regulations, and rules related to government (Medicare and Medicaid) and private reimbursement. Justin also counsels his clients beyond the closing of the transaction to manage day-to-day regulatory matters, employment matters, equity incentives, commercial contracts and corporate governance issues.

Justin focuses on transactions involving physician practice management companies (PPMs) and ambulatory surgery centers (ASCs). In the PPM space, he leads transactions between private equity sponsors and professional healthcare practices of varying specialties, including ophthalmology, optometry, gastroenterology, dermatology, dentistry, urology, radiology, OB/GYN and behavioral health. His sector-specific experience provides him with a comprehensive understanding of the relevant regulatory and business considerations in each of these spaces. In the ASC space, he leads transactions involving the purchase and sale of equity, and hospital joint venture arrangements with, both single and multi-specialty ASCs.

Results

Representation of Sponsors and Portfolio Companies

Represents Beacon Oral Specialists, a portfolio company of Blue Sea Capital, in PPM transactions with oral surgery practices around the United States
Represents Health Plus Management, a portfolio company of Investcorp, in PPM transactions with orthopedic, sports medicine, and pain management practices and ASCs in the Northeastern US
Represents Olympus Cosmetic Group, a portfolio company of VSS Capital Partners, in PPM transactions with cosmetic surgery practices around the US

Represents The Beekman Group with respect to its investment in Campus Eye Group, an eye care PPM in New Jersey and Pennsylvania
Represents Blue Sea Capital with respect to its investment in Beacon Oral Specialists, a national oral surgery PPM
Represented Sunvera Group, a portfolio company of Ridgemont Equity Partners, in PPM transactions with eye care practices in Michigan
Represented The Beekman Group in its acquisition, management, and sale of Twin Boro Physical Therapy, a physical therapy PPM in the Northeastern US
Represented Unified Women’s Healthcare, a portfolio company of Ares Management Corporation, in PPM transactions with OB/GYN practices around the US
Represented US Eye, a portfolio company of Pamlico Capital, in PPM transactions with eye care practices around the US

Representation of Public Companies

Represented Community Health Systems, Inc. (NYSE: CYH), in its acquisition of majority and minority equity positions in single and multi-specialty ambulatory surgery centers around the United States.
Represented Surgery Partners (NASDAQ: SGRY) in its acquisition of majority and minority equity positions in single and multispecialty ASCs around the US
Represented Pediatrix Medical Group, Inc. (NYSE: MD), formerly known as MEDNAX, Inc., in PPM transactions with pediatric practices in Texas

Representation of Founders

Represented the founders of Heart ‘n Home, a hospice provider in Oregon and Idaho, in their sale to LHC Group, Inc. (NASDAQ: LHCG)
Represented the founders of Vitreo-Retinal Medical Group, Inc. (d/b/a Retinal Consultants Medical Group), an eye care practice, in their affiliation with Webster Equity Partners and the formation of Retina Consultants of America, a practice management organization serving retina providers throughout the US
Represented the founders of three separate Pennsylvania-based gastroenterology practices in a simultaneous and combined transaction with Amulet Capital Partners and in the formation of U.S. Digestive Health, a practice management organization serving gastroenterology providers throughout the US
Represented the founders of three separate cosmetic surgery practices in a simultaneous and combined transaction with VSS Capital Partners and in the formation of Olympus Cosmetic Group, a practice management organization serving cosmetic surgery providers throughout the US
Represented the founders of South Coast Retina Center, an eye care practice, in their sale to Retina Consultants of America

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