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NY Team Advises Nonprofit Organization on Transaction

Key Facts

  • Client Isabella has been serving the elderly since 1875
  • Isabella’s transaction partner, Metropolitan Jewish Health System, Inc. (MJHS), is one of the largest and most innovative health systems in the NY region
  • Attorneys from the firm’s Health Law, Employment, Litigation & Arbitration, Real Estate, and Antitrust practices worked on the deal

The Situation

Isabella Home and its affiliates, Isabella Geriatric Center, Inc. (IGC), Isabella Visiting Care, Inc. (IVC), Isabella Care At Home, Inc. (ICH), and Isabella Foundation, Inc. (the Foundation) (Home, IGC, and ICH are collectively referred to as Isabella), are parties to an agreement with Metropolitan Jewish Health System, Inc. (MJHS). Isabella, a New York nonprofit, nonsectarian organization that has been providing services to the elderly since 1875, operates a 705-bed skilled nursing facility.  MJHS, an innovative New York nonprofit health system that has provided services to the elderly since 1907, agreed to become the sole member of Home and IGC.

The Approach

Mintz acted as transaction counsel for Isabella in connection with the MJHS matter, and provided all of the necessary services, including advising the board of trustees of Isabella; drafting and negotiating all necessary documentation; and providing health care regulatory and antitrust advice and counsel, including assisting with the requisite Hart-Scott-Rodino Antitrust Improvements Act (HSR) filing.

The Outcome

As part of the transaction, MJHS has agreed to provide critical post-closing capital support for various improvement projects necessary to the modernization of the Isabella campus and facilities.

Supporting Professionals

Lead Partners: Brian Platton, Nili Yolin (Health Law)
Other Team Members: Michael Arnold, David Lagasse, Alexander Song (Employment, Labor and Benefits); Farah Short (Antitrust)