Eric A. Klein: Lawyer with Sheppard, Mullin, Richter & Hampton LLP

Eric A. Klein

Phone310.228.3728

Peer Rating
 5.0/5.0
AV® Preeminent

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Experience & Credentials Ratings & Reviews
 

Practice Areas

  • Corporate
  • Mergers and Acquisitions
  • Technology Transactions
  • Outsourcing
  • Emerging Growth/Venture Capital
  • Healthcare
 
University Princeton University, A.B., magna cum laude, 1981
 
Law SchoolBoston University School of Law, J.D., 1985
 
Admitted1986, California; U.S. District Court, Northern District of California
 
Memberships 

Memberships

•Director, Association for Corporate Growth Los Angeles

•Member, American Health Lawyers Association

•Member, California Society for Healthcare Attorneys

 
Biography

Eric Klein leads the 85+ attorney national healthcare practice, and is a partner in the Century City office, of Sheppard Mullin Richter & Hampton LLP, a full service AmLaw Global 100 law firm with offices throughout California, New York, Chicago, Washington, D.C., London, Brussels, Beijing, Seoul and Shanghai. With over twenty-six years of practical legal and business experience, his practice focuses on the healthcare, technology and related industries. Known in the business community for his creative solutions and deal-making ability, Eric uses deep industry knowledge, entrepreneurial solutions, sophisticated negotiation skills and effective legal process to meet the complex business and legal needs of both established and emerging companies.

Eric represents physician groups, hospitals, health plans, ancillary service providers and private equity and strategic investors. He works with publicly traded and privately held companies across the country and advises both for-profit and non-profit clients on mergers and acquisitions, strategic alliances and joint ventures, operational and contracting matters, strategic planning, HMO licensing and compliance, regulatory matters and information technology transactions.

Eric has been nationally recognized as a leading healthcare lawyer:

•Chambers Guide: Eric Klein is particularly strong in large transactions. Sources say: In addition to his wonderful grasp of the law, he understands the medical issues and the business aspects - this is a real gift.

•Legal 500 Guide: He is a wonderful negotiator, creative, experienced and skillful. Eric is extremely well versed in healthcare law, and an excellent strategist.

•Law360: Healthcare Law National MVP

•Los Angeles Business Journal: Most Influential M&A Advisor

•The Healthcare team was awarded the Deal of the Year in the healthcare industry by the M&A Atlas Awards in 2013 for the DaVita acquisition of Healthcare Partners.

Selected Mergers and Acquisitions (clients listed first) :

•DaVita Inc. in its $4.4 billion acquisition of HealthCare Partners, a leading national coordinated care provider organization

•Greater Houston Anesthesiology (one of the largest anesthesia groups) in its affiliation with Welsh Carson Anderson & Stowe portfolio company U.S. Anesthesia Partners

•Facey Medical Foundation in its long-term affiliation with Providence Health & Services

•Greater Newport Physicians and Nautilus Healthcare Management Group in their affiliation with MemorialCare Medical Foundation

•Affinity Medical Group in its affiliation with Stanford's University HealthCare Alliance

•Talbert Medical Group in its merger with HealthCare Partners

•Bristol Park Medical Group in its affiliation with MemorialCare Medical Foundation

•Providence Medical Institute in its affiliation with Axminster Medical Group

•MemorialCare IPA in its affiliation with OptumHealth, an affiliate of UnitedHealth Group

•Lakeside Systems, Inc. in its acquisition by an affiliate of Regal Medical Group

•More than twenty hospital acquisition and sale projects, including the purchase of Alvarado Hospital in San Diego from Tenet Healthcare by Plymouth Health, LLC, and its subsequent sale, and the purchase of Memorial Hospital of Gardena and East Los Angeles Doctors Hospital by Avanti Hospitals LLC

•The purchase and sale of Medicare, Medicaid, dental and vision health plans

•Sales of multiple ambulatory surgery centers

Selected Operational and Contracting Projects :

•Advised on innovative long-term $60 million HCC-RAF agreement between health plan and integrated medical group

•Establishment of public/private partnership for county-wide care network that integrates for-profit IPA networks with county owned hospitals and physician clinics

•Successful application for Medicare Shared Savings Accountable Care Organization

•Preparation of national IPA provider contract template for leading national Medicare Advantage payor

•Structuring of strategic alliance between payor and integrated medical group to transition market from fee-for-service model to coordinated care model

•Structuring of large scale contractual joint venture for staff model medical group to manage MLR in multiple hospital system and utilize quality-based shared savings structure

•Negotiation of a $1 billion pharmacy benefit management agreement

•Structuring of state of the art management services agreements and physician compensation arrangements

In the hospital sector, Eric has worked on hospital alliances and joint ventures, conversion of non-profit hospitals into for-profit hospitals, credit facilities for hospitals, establishment and acquisition of outpatient treatment centers, outsourcing of hospital departments and hospital syndications. He also has assisted with payor contracting and disputes, governmental investigations and licensing, and hospital-physician contracts and joint ventures. He also recently assisted with several revenue cycle management projects.

In addition, Eric has deep experience in healthcare information systems and technology. Recent projects included multiple large-scale electronic medical records (EMR) systems contracts, including the acquisition of a $12 million electronic medical records (EMR) system by a hospital, formation of a health information exchange and acquisition and physician roll-out of large-scale medical group EMR systems. Other assignments have included: the development and national roll-out of a personal data assistant (PDA) based information system for hospital-based physicians; the creation of a company that provides real-time PDA-based ICU information; the acquisition and customization of an eligibility and credentialing system; and the implementation of an integrated financial system.

In the area of Knox-Keene HMO regulation, Eric is working on multiple Knox-Keene applications. He obtained a Knox-Keene license for a new vision services plan in nine months, one of the fastest licensure processes in the history of the Department of Managed Health Care. He has assisted Knox-Keene plans with licensure issues, compliance and corrective action plans, restructuring, acquisitions and disposition of plans, holding company structures and credit facilities.

Eric also lectures nationally on negotiation skills and has trained many business leaders, investment bankers, lawyers and entrepreneurs in basic and advanced negotiation techniques. He is a frequent lecturer and has been a featured speaker at the Blue Cross Blue Shield Association National Summit, the California Association of Physician Groups annual meeting, the Hospital Association of Southern California annual meeting, Health Care Executives, HealthLaw 2.0 and other trade associations.

Honors

•Health MVP, Law360, 2013

•Most Influential M&A Advisor, Los Angeles Business Journal, 2013

•Leading Lawyer, Chambers USA, 2012-2014

•He has received the highest quality rating of AV from the Martindale-Hubbell legal directory.

•Southern California Super Lawyer for Securities and Corporate Finance in Los Angeles Magazine and Southern California Super Lawyers Magazine, 2005, 2006, 2009, 2014

•Healthcare, Legal 500, 2011-2014

 
ISLN905839057
 

Documents by this lawyer on Martindale.com

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$95 Billion Savings for Medicare - A New Forecast?
Eric A. Klein, September 10, 2014
The New York Times in an August 27, 2014 article noted big changes to estimated Medicare spending in the latest Congressional Budget Office (CBO) report published last week. The estimated Medicare budget for 2019 in this year’s report has declined by approximately $95 billion from the 2019...

Another Pioneer Leaves The West
Eric A. Klein, September 10, 2014
Another withdrawal from the Medicare Pioneer Accountable Care Organization (ACO) program has occurred. Sharp Healthcare ACO, an affiliate of the Sharp integrated delivery system in San Diego, California, notified the Center for Medicare & Medicaid Innovation (CMMI) at the Centers for Medicare...

Nonprofit Hospital Revenue Growth Slows
Eric A. Klein, September 10, 2014
For the second straight year in a row, nonprofit hospital expenses have increased more than revenue, according to a study of 383 hospital systems by Moody’s Investors Service released on August 27, 2014. In an article published the same day by the New York Times, nonprofit hospital financial...



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Office Information

Eric A. Klein

1901 Avenue of the Stars, Suite 1600
Los AngelesCA 90067




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