Georgia healthcare acquisitions run through the state's Certificate of Need program and, for certain hospital transactions, the Hospital Authority approval framework. Atlanta's behavioral health, post-acute, and specialty physician deal flow is one of the most active in the Southeast, but first-time buyers in this market often underestimate how much the CON and Hospital Authority processes can shape timing and deal terms. Our managing partner handles healthcare acquisition engagements directly. Submit the transaction details if you have a qualified target.
Tell us what you are working on. We respond within one business day.
Submission Received
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Our Process
A structured, methodical approach to healthcare m&a legal services
1
Regulatory Landscape Assessment
We map the state-specific regulatory path for your transaction, including CON requirements, CPOM posture, AG review triggers, and provider number transfer mechanics before any term sheet is signed.
2
Healthcare-Focused Due Diligence
Managing Partner Alex Lubyansky leads diligence across payor contracts, Medicare and Medicaid enrollment, Stark and AKS exposure, HIPAA posture, licensure, and compliance program maturity to surface deal risks early.
3
Structuring and MSO Design
We structure the deal to respect CPOM limits, optimize tax and liability treatment, and, where needed, design MSO or friendly-PC arrangements that preserve clinical independence and protect the economic deal.
4
Negotiation and Regulatory Filings
We negotiate the purchase agreement, ancillary documents, and transition services agreement while coordinating CON filings, AG notifications, payor consents, and CHOW applications on a closing-driven timeline.
5
Closing and Clinical Continuity
We manage closing logistics, provider number transitions, and post-closing integration items so patient care, billing, and payor reimbursement continue without disruption.
We don't take every matter. Here is what happens when you reach out.
1
Personal Review (Within 24 Hours)
Alex reviews your transaction details personally. No intake coordinators, no junior associates screening your submission.
2
Fit Assessment
We evaluate whether your deal aligns with our practice. Not every matter is a fit, and we will tell you directly if it is not.
3
Initial Conversation
If there is alignment, Alex schedules a direct call to discuss your transaction, timeline, and objectives.
4
Clear Engagement Terms
Before any work begins, you receive a written engagement letter with defined scope, timeline, and fee structure. No surprises.
Request Your Atlanta Engagement Assessment
Alex Lubyansky handles every healthcare m&a legal services engagement personally.
15+ years of M&A experience. Nationwide. One attorney on every deal.
Request Engagement Assessment
We review every transaction inquiry within one business day.
Submission Received
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
Questions to Ask Any M&A Attorney Before Hiring
Use these before you call any firm, including ours.
1. "Who will actually handle my transaction?"
At many firms, a partner sells the work and a junior associate does it. Ask for the name of the attorney who will draft and negotiate your documents.
2. "How many M&A transactions has the lead attorney closed in the past 12 months?"
Volume indicates current, active deal experience, not just credentials from years ago.
3. "What is your experience with my deal size and industry?"
A $500K SBA acquisition and a $50M PE deal require different skill sets. Make sure the attorney has handled transactions similar to yours.
4. "Will you coordinate with my CPA, financial advisor, and broker?"
M&A transactions require a team. Your attorney should work with your other advisors, not in a silo.
5. "How do you handle post-closing disputes?"
Reps, warranties, and indemnification claims surface months after closing. Ask whether the firm handles post-closing litigation or refers it out.
6. "What is your fee structure, and what drives cost?"
Hourly, flat fee, or hybrid. Ask what factors increase legal costs so there are no surprises.
Frequently Asked Questions
Common questions from Atlanta clients
Does my Georgia healthcare acquisition require CON approval?
Many do. Georgia's CON program, administered by the Department of Community Health, covers hospitals, ambulatory surgery centers, skilled nursing, home health, hospice, and certain specialty services and equipment. Whether your specific transaction triggers CON review depends on the service category and the scope of the change. CON applicability analysis should happen at LOI.
What's the Hospital Authority approval process?
Georgia Hospital Authorities are public bodies that own hospital facilities and lease them to operators. Certain transactions involving Hospital Authority assets require Hospital Authority approval, which is a separate regulatory track from CON review. If your target has a Hospital Authority relationship, that approval belongs in the deal timeline.
Why is Atlanta behavioral health so active?
The combination of consolidation across substance use disorder treatment, residential and outpatient behavioral health, telepsychiatry, and related services has produced sustained deal flow in Atlanta. PE-backed platform buyers and strategic acquirers compete for quality assets. The diligence depth matches the sophistication of the capital. Licensing, accreditation, payor compliance, and clinical quality documentation all matter materially to transaction outcomes.
What does a healthcare acquisition attorney do?
A healthcare acquisition attorney handles the legal and regulatory side of buying or selling a healthcare business. That includes CON review, CPOM compliance, Stark and Anti-Kickback diligence, Medicare and Medicaid provider transitions, payor contract transfers, and the purchase agreement itself. Managing Partner Alex Lubyansky leads every Acquisition Stars healthcare transaction personally.
Do I need CON approval to acquire a healthcare business?
It depends on the state, the type of facility, and the scope of services. Some states require Certificate of Need approval for hospital, ASC, nursing home, or imaging transactions, while others have repealed CON entirely. We assess the CON picture in the first conversation so you know the timeline and regulatory path before signing a letter of intent.
How does Corporate Practice of Medicine (CPOM) affect the deal?
CPOM rules restrict who can own medical practices and how non-physicians can share in clinical revenue. In strong CPOM states, buyers typically use MSO or friendly-PC structures to acquire the business side of a practice while leaving clinical ownership with licensed physicians. We design structures that hold up under state scrutiny and still deliver the economic deal you negotiated.
What happens to payor contracts and provider numbers at closing?
Payor contracts and Medicare and Medicaid provider numbers generally do not transfer automatically. Depending on structure, the buyer may need to pursue a change of ownership filing, recredentialing, or new enrollments, which affects cash flow in the months after closing. We build the plan for provider number continuity into the transaction timeline so reimbursement does not stall.
How is Acquisition Stars different from a general M&A firm on healthcare deals?
Healthcare deals combine standard M&A risk with a second layer of regulatory risk that can sink an otherwise clean transaction. Managing Partner Alex Lubyansky leads every healthcare deal personally, coordinating CON, CPOM, Stark and AKS, HIPAA, and payor issues alongside the commercial negotiation, with the responsiveness of a boutique firm rather than the layered staffing of a large practice.
What can I expect during an initial consultation in Atlanta?
During your confidential initial consultation in Atlanta, we'll discuss your healthcare m&a legal services needs, review your current situation, assess potential challenges specific to Georgia, and outline a clear path forward. We'll explain our process, answer your questions, and determine if we're the right fit for your needs.
Do you work with companies outside of Atlanta?
Yes, we represent clients nationwide while maintaining a strong presence in Atlanta. Our managing partner handles healthcare m&a legal services matters across all 50 states, coordinating with local counsel where state-specific requirements apply.
Need Specific Guidance?
Submit your transaction details for a preliminary assessment by our managing partner
Submit transaction details and Alex will respond directly.
Submission Received
Your transaction details are under review. If there is alignment, we will be in touch.
Meanwhile, feel free to call us directly at (248) 266-2790
The Atlanta M&A Market
Atlanta is the business capital of the Southeast, with M&A activity driven by logistics (home of UPS and Delta), financial technology (NCR, Fiserv), and healthcare. The city's position as a transportation hub creates unique opportunities in distribution, supply chain, and franchise businesses. Atlanta's robust Black business community adds diversity to the deal pipeline not seen in most markets.
Top M&A Sectors in Atlanta
Logistics & Supply Chain
Financial Technology
Healthcare
Franchise Operations
Film & Entertainment
Deal Environment
Atlanta offers strong deal flow at valuations below the Northeast corridor. The region's rapid population growth and business formation rate create a steady supply of acquisition targets across all sectors.
Why Acquire in Atlanta
Atlanta's Hartsfield-Jackson airport (the world's busiest) makes it the most accessible city in the US - a strategic advantage for acquirers building multi-location platforms that require frequent travel between portfolio companies.
Georgia Legal Considerations
Georgia enforces non-compete agreements under its 2011 Restrictive Covenants Act, which provides clearer standards than the prior common law framework - courts can now 'blue pencil' overly broad restrictions rather than voiding them entirely.
Atlanta M&A Market Insight
Georgia operates a Certificate of Need program covering hospitals, ambulatory surgery centers, skilled nursing, home health, hospice, and certain specialty services and equipment. The Georgia Department of Community Health administers CON, and the process includes application review, public comment, and in contested cases contested case hearings. Timelines vary significantly by service category. Certain hospital transactions also involve Hospital Authority approval, which adds a distinct regulatory track separate from CON. Georgia enforces Corporate Practice of Medicine rules, making MSO structures standard for non-physician investors in physician practices. Atlanta's behavioral health deal activity has been particularly strong, driven by consolidation in substance use disorder treatment, residential and outpatient behavioral health, and telepsychiatry, and buyer counsel in this space runs diligence on licensing, accreditation, and payor-specific compliance at depth.
Common Deal Scenarios in Atlanta
1
Behavioral Health Platform Acquisition
Atlanta behavioral health deals involve state licensing transitions, accreditation maintenance (CARF, JCAHO, SAMHSA where applicable), payor contract change-of-control handling, and provider credentialing transitions. The CON program applies to certain behavioral health categories. Buyer diligence runs on licensing history, clinical compliance, billing integrity, and any regulatory history with payors or state agencies.
2
Ambulatory Surgery Center Acquisition with CON Review
Georgia ASC ownership changes may trigger CON review depending on the scope of the transaction and the services provided. CON applicability analysis happens at LOI, with closing conditions built into the purchase agreement tied to CON approval and defined outside dates.
3
Physician Practice Acquisition via MSO with Hospital Relationship
Physician practices with hospital affiliations face Hospital Authority considerations in certain transactions, in addition to MSO structuring for non-physician buyers. Payor contracts with hospital-affiliated payor networks have specific change-of-control provisions, and referral relationships with hospital partners require Stark and Anti-Kickback diligence.
Why Atlanta for M&A
Atlanta's healthcare M&A market combines strong behavioral health and post-acute deal flow, an active CON regulatory framework, and Hospital Authority considerations for certain transactions. Buyers who determine CON and Hospital Authority applicability at LOI, structure MSOs with Georgia-specific attention, and run diligence at the level behavioral health platforms demand close on predictable timelines. Buyers who treat Georgia like a no-CON state surface the problem too late.
Georgia Legal Considerations for Healthcare M&A Legal Services
Non-Compete Laws
Enforceable under 2011 statutory framework. Blue-pencil available.
Filing Requirements
Entity mergers and conversions are filed with the Georgia Secretary of State, Corporations Division. Annual registrations are required. Professional license transfers require separate filings with the relevant Georgia licensing board.
Key Georgia Considerations
Georgia's 2011 constitutional amendment and Restrictive Covenants Act dramatically changed non-compete enforceability, making pre-2011 Georgia case law unreliable for assessing existing covenants in target companies
Georgia's transferable film and entertainment tax credits can represent significant value in acquisitions of qualifying businesses
The state's port system (Port of Savannah) creates opportunities and regulatory considerations for acquisitions of logistics and import/export businesses
Guides and Resources
In-depth guides to help you prepare for your transaction
Attorney perspective on healthcare acquisition attorney matters
"Healthcare acquisitions require a second layer of diligence most deals don't. Stark, Anti-Kickback, state licensure, corporate practice of medicine, payor contracts. Miss any of them and you've bought a compliance problem instead of a practice."
Alex Lubyansky, Senior Counsel
On healthcare-specific acquisition risk (Client engagement letter)
15+ years of M&A and securities transaction experience·Senior counsel on every engagement·Admitted in Michigan, practicing nationwide
