A highly experienced health care attorney, Mr. Herschman is known for his exceptional ability to lead complex and high-stakes transactions across the health care sector. With a focus on mergers, acquisitions, private equity partnerships, joint ventures, purchase and sale agreements (PSAs), and affiliations, he guides health care facilities, physician groups, and industry stakeholders through these critical business transitions, and is viewed as a deal maker who prioritizes the protection of client interests.
Mr. Herschman has a proven track record in negotiating deals of all sizes, ranging from $5 million to more than $250 million, including billion-dollar agreements. He works with a wide array of clients, including physician practices, hospitals, ambulatory surgery centers (ASCs), medspas, imaging centers, home health agencies, investors, and more. By addressing the unique needs of each party, Mr. Herschman crafts deal structures that balance financial, clinical, and operational objectives, particularly in the increasingly complex arena of private equity partnerships.
With experience on both the buy-side and sell-side of transactions, he has helped clients maximize valuations, secure financial protections, and navigate intricate regulatory landscapes, with a particular focus on advising major physician groups across the country on private equity partnerships, and also joint ventures and PSAs with hospitals. Over the past decade, he has facilitated dozens of private equity transactions and has successfully closed deals in nearly every state across the U.S.
Mr. Herschman's ability to combine legal experience with business acumen has earned him a reputation for providing pragmatic, real-time advice. Clients appreciate his deep insights and his proactive, hands-on approach throughout the deal process.
In addition to his extensive writing to educate physicians and owners of other health care companies on all aspects of strategic transactions, Mr. Herschman is a sought-after speaker at many health care industry conferences, where he shares his experience on emerging trends, particularly the growing involvement of physician groups and other closely held health care businesses in private equity partnerships. Through these educational platforms, he continues to influence the evolution of health care transactions and shape the future of the industry.
Mr. Herschman is the co-chair of Baker Donelson's Health Care Transactions Team.