Cyrus Abbassi has a national practice focused on mergers and acquisitions and private equity transactions across a wide range of industries with particular depth in health care and business services. His clients include private equity funds, SBIC and structured funds, credit funds, portfolio companies, family offices, independent sponsors, entrepreneurs, physician practices, ambulatory surgery centers, management services organizations, behavioral health providers, and veterinary platforms, among others. As lead counsel, Cyrus has advised his clients through transactions in the middle market up to multibillion-dollar exits.Understanding the needs of his clients, Cyrus brings a creative approach to deal structuring and execution. Specifically, in health care, accounting, legal services and other professional services fields, Cyrus develops alignment structures as between companies and professionals. He is a regular practitioner in the area of management services organizations across regulated professions, helping clients navigate the intersection between corporate goals and regulatory requirements.As it relates to health care, Cyrus regularly works on transactions involving ambulatory surgery centers, facility joint ventures, various physician practice specialties including cardiology, orthopedic surgery, pain management, gastroenterology, ophthalmology and primary care as well as transactions relating to home health, hospice, autism therapy (ABA), revenue cycle management, staffing services and veterinary medicine.Cyrus writes and speaks regularly on topics relating to mergers and acquisitions in health care and other professional services industries.
Concentrations
•Mergers and acquisitions, buyouts and recapitalizations •Structured capital transactions with equity kickers •Developing alignment mechanism for professional service transactions
•Developing and negotiating management services organizations modelsRecognition & LeadershipAwards & Accolades
•Listed, The Best Lawyers in America, “Ones to Watch,” Mergers and Acquisitions Law, 2023-2026
Experience:Representative Matters: Represented Firmament in its acquisition of Panacea Healthcare Solutions, a revenue cycle management platform, as well as subsequent add-on transactions. Represented Firmament in its growth equity investment in Kare Partners, an autism therapy (ABA) provider. : Represented PE-backed Vision Integrated Partners, in numerous acquisitions across the country. Represented a regional gastroenterology group and multiple affiliated ambulatory surgery centers in connection with a sale to one of the largest gastroenterology platforms in the United States. Represented Ethos Veterinary Health in its sale to National Veterinary Associates. Represented a private equity fund in its three-way joint venture with a national strategic ambulatory surgery center operator and physician group. Represented multiple ambulatory surgery centers in an aggregate sale to a large national strategic ambulatory surgery center operator. : Represented Old Brown Dog Veterinary in its sale to United Veterinary Care, a portfolio company of Nordic Capital. : Represented a national dermatology platform in multiple acquisitions and regulatory matters. Represented a national veterinary provider in its sale to a national platform in one of the largest animal health transactions ever recorded. Represented a private equity fund in its platform acquisition and integration of two SaaS businesses. Represented a private equity-backed ophthalmology and retina platform in numerous transactions of medical practices and ambulatory surgery centers. Represented a regional veterinary provider in its sale to a private equity-backed veterinary platform. : Represented a private equity fund in numerous growth equity investments across the health care and veterinary industries. Represented a regional dermatology platform in its platform sale to a private equity fund. Represented a large multispecialty physician practice in its sale to a private equity fund. Represented a private equity fund in its acquisition of an orthopedic platform. Represented a private equity fund in a variety of structured equity and 'equity kicker' transactions.Represented a private equity fund in its investment in an applied behavior analysis (ABS) and respite services business. Represented a private equity fund in its platform acquisition of a home health and hospice business.Represented the physician-practice arm of a national payor in numerous transactions and telemedicine rollouts.Represented several national veterinary aggregators in numerous transactions. Represented a private equity fund in a growth equity investment in a specialty veterinary group.Represented several urology practices in sales to private equity-backed urology platforms. : Represented several national ambulatory surgery center platforms in numerous transactions.Represented a gastroenterology group in its sale to a private equity fund. Represented a regional dental support organization in its platform sale to a private equity fund. Represented a national dental support organization in a variety of structural and regulatory matters.; The above representations were handled by Mr. Abbassi prior to his joining Greenberg Traurig, P.A.
