TeamHealth Holdings News Release (12/20/13)
TeamHealth Holdings Inc. has announced the acquisition of the operations of Omaha, NE-based Professional Anesthesia Services LLP. Professional Anesthesia Services’ physicians and certified registered nurse anesthetists manage more than 18,000 cases annually through anesthesia management services for Bergan Mercy Medical Center and three ambulatory surgery centers.
Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.
Bloomberg (12/23/13) Lorraine Woellert
Consumer spending rose in November by the most in five months, according to the U.S. Department of Commerce. Household purchases, which account for nearly 70% of the economy, rose 0.5%, after rising 0.4% in October. Economists surveyed by Bloomberg had predicted a rise of 0.5%. Incomes climbed less than forecast. Consumer spending rose 2.0% in the third quarter of 2013.
Bloomberg Businessweek (12/22/13) Sandrine Rastello
In response to the economic stability portended by the recent budget deal and the U.S. Federal Reserve’s plan to taper its stimulus, the International Monetary Fund is raising its outlook on the U.S. economy. In October, the IMF predicted the U.S. economy would expand 2.6% in 2014. The jobless rate is expected to continue to decline.
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