Alston & Bird Advises High Point Regional Health System in Strategic Partnership with UNC Health Care System
Alston & Bird LLP is pleased to announce its participation as legal counsel to High Point Regional Health System (“High Point”) in forming a strategic alliance with The University of North Carolina Health Care System (“UNC HCS”). The transaction closed April 1, 2013.
As finalized, UNC HCS became the sole member of High Point. UNC HCS committed $150 million for capital improvements and expenditures to advance the delivery of health care services in the High Point service area. UNC HCS also committed $50 million to establish a community health fund that will address the health care needs of the High Point service area and be governed primarily by a local board. The transaction fulfills High Point’s objective to pursue a strategic partner while remaining focused on providing the High Point community with access to high-quality health care services.
Alston & Bird has significant experience in structuring, negotiating, and executing strategic transactions involving health systems and hospitals, including non-profit hospitals and hospitals with academic and religious affiliations. In advising High Point on its partnership with UNC HCS, Alston & Bird drew on its experience and resources in numerous areas, including health care transactions, health care regulation and compliance, non-profit and tax-exempt entities including community foundations, tax-exempt finance and bonds, antitrust matters, employee benefits and executive compensation, real estate, and intellectual property.
The Alston & Bird team was led by Michelle Williams and Steve Pottle. The firm’s team also included attorneys Rob Stone, Perry Smith, Kim McWhorter, Ben Cotey, Hannah Heck, Glenn Thomson, and Marshall Sanders.
With more than 800 attorneys, Alston & Bird is a leading national firm. The firm’s core practice areas are intellectual property, complex litigation, corporate and tax, with national industry focuses in health care, financial services and public policy. The firm has built a reputation as one of the country’s best employers, appearing on FORTUNE magazine’s ranking of the “100 Best Companies to Work For” 14 consecutive years, an unprecedented accomplishment among law firms in the United States The firm has offices in Atlanta, Brussels, Charlotte, Dallas, Los Angeles, New York, Research Triangle, Silicon Valley, Ventura County and Washington, D.C.
For more information on Alston & Bird, please visit .