Kristen McDermott Woodrum

Partner

Atlanta
T +1.404.256.6698
F +1.404.459.5734

Overview

Kristen McDermott Woodrum, a partner in BakerHostetler’s national healthcare group, focuses her practice on transactions and regulatory matters for healthcare industry clients. Kristen anticipates potential issues and provides practical counsel to clients in structuring complex healthcare deals, including mergers, acquisitions, joint ventures, and other transactions and contracting arrangements. Kristen has extensive experience advising health systems and provider clients on strategic affiliations, physician alignment strategies and emerging healthcare delivery and payment models.

In representing private equity investors and their portfolio companies in financial transactions, Kristen’s understanding of healthcare policy and economics enables her to lead targeted diligence and optimize deal terms. She also provides post-deal healthcare counsel to help portfolio companies navigate complex regulatory requirements.

Drawing on her background in the behavioral health field and broad legal experience, Kristen also advises a range of healthcare clients on day-to-day operational and compliance matters, including Medicare/Medicaid requirements and reimbursement, licensure and accreditation, HIPAA and data sharing, telemedicine, third-party payor issues, federal and state fraud and abuse laws, such as the Stark Law and Anti-Kickback Statute, and other laws impacting healthcare transactions and operations, including fee-splitting and corporate practice of medicine laws.

Select Experience

Strategic Affiliations and Healthcare Transactions
  • Represents national addiction treatment provider in strategic affiliation with academic medical center focused on treatment across the care continuum, research and community outreach.
Emerging Healthcare Delivery and Payment Models
  • Assisted community hospital in development of clinically integrated network (CIN) of providers, including evaluation of corporate structure and regulatory issues and preparation of governance documents, participation agreements and CIN policies and procedures.
Healthcare Regulatory and Compliance
  • Advised children’s hospital on health data use and sharing arrangements and assisted in establishment of HIPAA organized health care arrangement with affiliated managed care plan.
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Experience

Strategic Affiliations and Healthcare Transactions
  • Represents national addiction treatment provider in strategic affiliation with academic medical center focused on treatment across the care continuum, research and community outreach.
  • Advises private equity clients and lenders regarding potential investments and financing involving healthcare facilities, including analysis of licensure, change of ownership (CHOW), corporate practice, fraud and abuse, and other regulatory considerations. Also assist portfolio companies on day-to-day compliance matters.
  • Served as transactional and regulatory counsel to health system in acquisitions, joint ventures, and syndications involving 24 freestanding ambulatory surgery centers (ASCs), including orthopedic (total joint), ophthalmology, urology, otolaryngology, gastroenterology, and other surgical specialties. Negotiated management arrangements with national and regional management companies.
  • Serves as regulatory counsel in sale of Catholic hospital in Ohio to academic medical center.
  • Represented tax-exempt health system in acquisition of 22 independent diagnostic testing facilities and related transactions with for-profit management company and multi-state health system and in 7 other imaging transactions involving MRI, PET, x-ray, ultrasound, nuclear imaging, mammogram and other imaging modalities.
  • Represented non-profit health system in merger with another multi-campus hospital system, including oversight of due diligence and coordination of post-closing operational and regulatory plans.
  • Served as regulatory counsel in sale of Catholic hospitals in South Carolina to public company.
  • Advised health system in physician alignment transactions, including practice acquisitions, employment, medical director, response and call coverage agreements and other professional services arrangements.
  • Represented hospital in joint venture with physical therapy provider with 18 locations.
  • Represented health system in acquisition of healthcare and ancillary facilities, including urgent care centers, ASCs, laboratories, and radiation therapy facilities.
  • Provided general and healthcare representation of large physician group practices and physician-owned ambulatory surgery centers, including preparation of governance documents, day-to-day operational and regulatory advice on healthcare issues, and assistance in structuring services agreements with hospital systems.
Emerging Healthcare Delivery and Payment Models
  • Assisted community hospital in development of clinically integrated network (CIN) of providers, including evaluation of corporate structure and regulatory issues and preparation of governance documents, participation agreements and CIN policies and procedures.
  • Represents a large multi-employer coalition of 50+ major private sector corporations, in data use, medical and pharmacy contracting strategies to transform and improve the purchase of healthcare through the members’ self-insured health plans representing over 7 million covered lives and $27 billion in annual healthcare spending.
  • Represents health system in development of direct-to-employer provider network, centers of excellence and related contracting strategies.
  • Assists hospital systems in evaluating decisions concerning participation in Accountable Care Organizations, alternative payment models, and value-based programs, including entering, exiting, and reporting under the CMS Quality Payment Program.
  • Advised health system on unwind of PHO equity joint venture with community physicians.
  • Advised large national employer in establishing employee health clinics in connection with restructuring of health plan options.
  • Assisted a self-funded health plan in structuring diabetes disease management program and negotiated relevant agreements.
  • Advised providers and vendors on implementing diabetes prevention program, TCM, and CCM.

Healthcare Regulatory and Compliance
  • Advised children’s hospital on health data use and sharing arrangements and assisted in establishment of HIPAA organized health care arrangement with affiliated managed care plan.
  • Served as regulatory counsel in acquisitions of digital health, telemedicine, telepharmacy/MTM and medical device companies by Fortune 50 healthcare services and products company.
  • Assists in coordination of healthcare due diligence in $2 billion acquisition of a charitable 501(c)(3) nonprofit health plan and its integrated delivery system. Assist in client’s evaluation and preliminary due diligence on other potential transactions across the country.
  • Advised public company on structuring cardiac monitoring agreements.
  • Advised nonprofit dialysis provider on dialysis joint ventures and physician contracting matters.
  • Advises digital health company on telehealth regulations and reimbursement.
  • Assists healthcare providers in implementation of telehealth, transitional care management and chronic care management.
  • Advised life sciences and medical device companies on marketing strategies and compliance with fraud and abuse laws and the AdvaMed Code of Ethics.
  • Represented healthcare clients, including manufacturers and distributors, in connection with State Pharmacy Board licensing and regulation requirements.
  • Advised a client in evaluating the applicability of insurance, independent practice association and independent adjuster licensing requirements and assisted in the successful defense of a NY Department of Insurance disciplinary proceeding.

Recognitions and Memberships

Memberships

  • Association for Corporate Growth (ACG), Chicago Healthcare Mergers & Acquisitions Program, Planning Committee (2018 to Present)
  • Southeastern Life Sciences Association, Board of Directors (2019 to Present)
  • American Health Law Association
    • Physicians and Hospitals Law Institute, Planning Committee (2016 to Present)
    • Behavioral Health Task Force: Vice Chair (2013 to 2016)
    • Behavioral Health Working Group (2013)
    • Business Law and Governance Practice Group, Leadership Development Program (2013)
  • Retention and Advanced Investment for the Southeast at Emory (RAISE), Advisory Board, Forum (2015 to Present)
  • Southeastern Medical Association (SEMDA), Board of Directors (2018 to 2019)
  • Georgia Bar, Health Law Section
  • South Carolina Bar, Health Care Law Section
  • Atlanta Life Sciences & Healthcare Group
  • Georgia Academy of Healthcare Attorneys
  • Leadership Charleston (2007 to 2008)

Community

  • Southeast Council, MedShare International, Inc., a 501(c)(3) humanitarian organization that sources excess medical equipment and supplies and makes them available to communities in need worldwide.

Prior Positions

  • McKenna Long & Aldridge LLP: Associate
  • Buist Moore Smythe McGee P.A.: Associate
  • South Carolina Department of Mental Health: Clinical Counselor
  • Prestera Center for Mental Health Services, Inc.: Case Management Team Leader

Admissions

  • Georgia
  • South Carolina

Education

  • M.B.A., Tulane University, A.B. Freeman School of Business, 2005
  • J.D., Tulane University Law School, 2005
  • B.A., Clemson University, 1996