subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Tue, Nov 10 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Published October 17, 2006 11:34 pm -

MRMC picks law firm to negotiate


By Keith Purtell
Phoenix Staff Writer

By Keith Purtell

Phoenix Staff Writer

A Chicago law firm will help Muskogee Regional Medical Center negotiate a change in governance with two candidate companies.

The MRMC board met Tuesday and voted to select the McDermott Will & Emery law firm as lead counsel. The other company under consideration was Crowe and Dunleavy.

McDermott Will & Emery will represent MRMC in dealings with Community Health Systems (Brentwood, Tenn.) and Capella Healthcare Inc. (Franklin, Tenn.).

Wayne Wilburn, a member of the board of trustees and the executive committee, said the board quizzed both companies about their fees, experience in this type of transaction and what kind of staff resources they had available.

“The firm we chose has handled about 50 transactions like this in the last four or five years,” he said. “It will save us time and money to be represented by a firm that has a lot more experience in hospital transactions.”

Wilburn said both legal firms had indicated they would participate in community forums to answer questions about the hospital’s change in governance.

Wilburn recused himself from much of the meeting because one of the law firms has done work for his employer.

Board member Dr. Tim Holder said MRMC will pay a “blended rate” of $393 per hour to McDermott Will & Emery.

“By paying them an hourly rate, we know it is for work performed,” he said.

Total legal fees for the transaction are estimated at between $150,000 and $450,000. Holder said McDermott Will & Emery was able to deliver services well under their estimate when it handled the deal for Community Health Systems when they acquired Ponca City Medical Center.

The company also handled a similar transaction for Hillcrest Medical Center in Tulsa, Holder said, and their experience with Oklahoma law was one reason they were selected.

One of McDermott Will & Emery’s first tasks will be to draft letters of intent for Community Health Systems and Capella Healthcare Inc.



print this story    email this story   






autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide


Premier Guide

Premium Jobs

5250-Broadway Manor

Broadway Manor
Health Care Center
1622 E. Broadway
Muskogee, OK 74403
Accepting applications f
...>MORE

5374-Medical Opportunities
Medical Opportunities
MAYS HOMECARE Home Health

Are you searching for the opportunity to work for a rap
...>MORE

5351-Hospital Openings
HOSPITAL OPENINGS

WAGONER COMMUNITY
HOSPITAL
WCH has immediate openings for the following positions
...>MORE

5338-Patient Service Representative

PATIENT SERVICE REPRESENTATIVE
Seeking an experienced full time Rep to work at a local healthcare facility. W
...>MORE

5310-LPN

LPN
Part time Evening Shift CHARGE NURSE
Training Provided
RN
Weekend On Call
BONUS PAY...>MORE

See all ads

Premium Autos

5335-2008 Yamaha
2008 Yamaha Rafter 700 SC Red & White, $6,000 - 2007 Yamaha Rafter 700 Blue - $5,000 or both $10,000 OBO. Great conditio...>MORE

See all ads

Premium Extras

5340 country check sofa, .
Country check sofa, wingback chair & ottoman, ex cond $275. Antique treadlesewing machine ex cond. $75. 918-687-1891....>MORE

5378 1993 motor home
1993 Motor Home, 21ft, sleeps 6, Toyota cyl., powered fully equipped with generator $7000. 2 Suzuki ATV, 500cc, 4 wheele...>MORE

5368-Angus Bulls
Angus Bulls & Angus Sired Open Heifers.
R P Angus at Checotah
918-685-8279 or 473-6628
...>MORE

5360 2005 chrysler
2005 Chrysler 300 C, black ext., fully loaded with options 22,800 miles, new tires, 1 owner & in excellent cond. $19,500...>MORE

5361 two sorrell horses
two sorrel horses stud male & female, call Anthony for details 918-391-1424.918-683-8364 leave message...>MORE

See all ads


 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index