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Hillrom Comments on Recent Novitas Reimbursement Update

Hillrom Comments on Recent Novitas Reimbursement Update News provided by Share this article Share this article CHICAGO, April 11, 2021 /PRNewswire/ -- Hillrom (NYSE: HRC) previously announced its intent to acquire Bardy Diagnostics, Inc. (BardyDx). On April 10, 2021, the Medicare Administrative Contractor (MAC), Novitas Solutions, published updated reimbursement rates applicable to the Current Procedural Terminology (CPT) codes 93241, 93243, 93245 and 93247 for the extended Holter cardiac monit...
United States Lorna Williams Howard Karesh Mary Kay Ladone Novitas Solutions Delaware Court

Hillrom Provides Update on Planned Acquisition of Bardy Diagnostics, Inc.

Share: CHICAGO, March 1, 2021 /PRNewswire/ -- Hillrom (NYSE:HRC) today provided an update on its planned acquisition of Bardy Diagnostics, Inc. (BardyDx), which it previously announced on January 19, 2021.  On January 29, 2021, a Medicare Administrative Contractor, Novitas Solutions, published new Category 1 reimbursement rates applicable to the Current Procedural Terminology (CPT) codes for the long-term cardiac monitoring category, including CPT codes 93241, 93243, 93245 and 93247. As a re...
United States Lorna Williams Howard Karesh Mary Kay Ladone Novitas Solutions Delaware Court

Delaware Court of Chancery Issues Precedential Decision Addressing the Impact of COVID-19 on M&A Transaction, Finding Violation of Ordinary Course Covenant but No Material Adverse Effect | Akin Gump Strauss Hauer & Feld LLP

Key Points In AB Stable VIII LLC v. Maps Hotels and Resorts One LLC, the Delaware Court of Chancery issued a precedential decision addressing whether a buyer could walk away from an M&A transaction because the target company’s responses to the COVID-19 pandemic constituted either (1) a “material adverse effect” (MAE) or (2) a breach of the covenant to operate in the ordinary course of business between signing and closing (“Ordinary Course Covenant”). Although the MAE definition did n...
United States Maps Hotels Akin Gump Strauss Hauer Feld Strategic Hotels Resorts Ab Stable Liability Company

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