TeamHealth Holdings News Release (04/30/15)
TeamHealth Holdings Inc. has acquired the operations of Akron, OH-based Professional Anesthesia Service Inc., which serves several Akron-area hospitals and an ambulatory surgery center.
TeamHealth Holdings News Release (04/30/15)
TeamHealth Holdings Inc. has acquired the operations of Akron, OH-based Professional Anesthesia Service Inc., which serves several Akron-area hospitals and an ambulatory surgery center.
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.