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SBA Size Standards Revised To Cap Number Of Employees

Client Alert | less than 1 min read | 04.18.04

The SBA has proposed major revisions to its size standard for determining eligibility for qualification as a small business concern, with comments due by May 18, 2004. Among other changes, the newly proposed size standard are generally stated in terms of the maximum numbers of employees of the concern, but for some industries there is a cap on the average annual receipts as well.

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Client Alert | 6 min read | 03.26.24

California Office of Health Care Affordability Notice Requirement for Material Change Transactions Closing on or After April 1, 2024

Starting next week, on April 1st, health care entities in California closing “material change transactions” will be required to notify California’s new Office of Health Care Affordability (“OHCA”) and potentially undergo an extensive review process prior to closing. The new review process will impact a broad range of providers, payers, delivery systems, and pharmacy benefit managers with either a current California footprint or a plan to expand into the California market. While health care service plans in California are already subject to an extensive transaction approval process by the Department of Managed Health Care, other health care entities in California have not been required to file notices of transactions historically, and so the notice requirement will have a significant impact on how health care entities need to structure and close deals in California, and the timing on which closing is permitted to occur....