Healthcare & Life Sciences Transactions

As a leading adviser to healthcare and life sciences companies and investors on their most complex, high-profile M&A transactions, Kirkland’s M&A Practice Group is consistently recognized for innovation, creativity, energy and, above all, a profound commitment to quality.

Our Firm has been ranked by Bloomberg as one of the most active law firms in this industry, advising clients on more than 110 transactions valued at over $128 billion in 2021. Kirkland attorneys have led the industry’s most cutting-edge transactions, including the two largest biopharmaceutical deals in history, Bristol-Myers Squibb’s $90 billion acquisition of Celgene Corporation and AbbVie’s $63 billion acquisition of Allergan.

Both our acclaimed Public Company and Private Equity practices have unparalleled breadth of scope and depth of experience across all healthcare and life sciences market segments. In the last two years, the Kirkland team handled five of the 10 largest transactions for public companies and more than 80 transactions for private equity funds and their portfolio companies, including more healthcare services transactions than any other firm.

Working closely with our transactional attorneys, our Antitrust & Competition Practice Group provides healthcare and life sciences clients with realistic pre-transaction assessments, assists in contractual risk allocation negotiations and secures expedited regulatory clearances. We work with buyers and sellers through all facets of the mergers and acquisitions regulatory clearance process, starting at the earliest stages of a deal to identify, allocate and reduce potential antitrust issues. By assessing the level of regulatory risk at the outset, we can better prepare the legal and economic analyses necessary to navigate clients through the entire deal negotiation and clearance process.

Our antitrust attorneys also have significant experience counseling and representing healthcare and life sciences clients in key matters arising under the Hatch-Waxman Act, including matters relating to generic and branded drugs and reverse payment claims.

Our Technology & IP Transactions Practice Group is a core component of and fully integrated into our leading M&A practice. We have more than 70 deal lawyers dedicated to M&A matters and strategic commercial agreements. Our close integration with the M&A practice and our extensive experience with complex commercial agreements allow us to deliver significant value to our clients in private equity and M&A matters that include a complex commercial component, such as transactions including product line carve-outs.

We have substantial experience in the full range of transactions in the pharmaceutical, biotechnology and life science industries. Our representations in this field range from the world’s largest pharmaceutical companies to biotechnology companies still in the development stage, as well as private equity and venture capital investors. Our work includes a number of different transaction types—both in the context of M&A and standalone transactions—such as joint ventures, collaboration and development agreements, acquisitions and sales of product lines, NDAs and ANDAs, technology transfers and university collaborations, and distribution, manufacturing, and supply agreements.

Our Healthcare & Life Sciences Regulatory team has deep experience advising clients on a broad range of issues including federal and multi-state matters, structuring, the Federal Anti-Kickback Statute, state anti-kickback laws, the Federal False Claims Act, and fraud and abuse related regulatory issues, with additional experience in federal and state licensure, corporate practice of medicine and professionals doctrine, compliance, enrollment and reimbursement matters.

In addition to our internal capabilities, we have long-standing, strategic relationships with specialty healthcare regulatory counsel allow us to select the right partnership based on specific deal characteristics and unique industry niche, and to provide seamless, best-in-class, cost-efficient service on healthcare M&A and regulatory issues.

Named a Law360 2020 Capital Markets Practice Group of the Year, Kirkland’s award-winning Capital Markets Practice Group assists healthcare and life sciences clients navigate key capital inflection points and guide transformative transactions. Our capital markets attorneys provide sophisticated and strategic advice to a full range of companies at every stage of development and growth. We advise on capital-raising transactions that achieve strategic and commercial objectives and result in long term and meaningful partnerships between investors, founders and entrepreneurs and management teams.

Kirkland’s market-leading Debt Finance Practice Group advises healthcare and life sciences clients on a wide variety of financing solutions. Our attorneys have a deep understanding of United States and international debt markets and provide clients with strategic and focused representation adapted to the unique needs of this industry. Consistently ranked as the preeminent borrower law firm, Kirkland has handled over $250 billion in financings for global borrowers in the healthcare and life sciences industry over the last five years.

Kirkland boasts a long list of healthcare and life sciences fund formation clients, many of whom lead the market and deploy billions of dollars each year to the sector. Our Investment Funds Practice Group has earned an international reputation for advising sponsors looking to expand into healthcare and life sciences and their sub-asset classes. Because of our consistently high volume of fund formations across the globe, we have developed a broad vision of the issues that confront healthcare and life sciences sponsor clients, approaches to individual investor requirements and an aptitude for developing novel, creative and constructive solutions to the unique challenges they face.