LTC Matters: Litigation Buyout Insurance: Removing Pending Legal Actions from the Deal
3/28/2003
This newsletter discusses the benefit of "litigation buyout insurance" (LBI) and the benefit it can bring to health facilities engaged in acquisition or divestiture activity. A new and evolving type of insurance, LBI is designed to mitigate the risk of pending legal actions, removing a potential roadblock to consummation of a transaction. LBI and the many features it offers is further defined, as are the benefits of such coverage, which are highlighted through hypothetical and actual transactions.
