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"Kate Bechen and the entire Husch Blackwell team were fantastic counsel. True experts and wise advisors in multiple areas to assist with our business combination."

Al Gatmaitan, Co-Chief Executive & President, UpHealth, Inc.

Overview

Kate brings an unusual skill set to her practice: a combination of broad transactional corporate law experience and deep knowledge of the healthcare industry and securities laws.

Kate advises clients on mergers and acquisitions, transactions with special purpose acquisition companies (SPACs), venture capital financing, fund structuring and portfolio investments, public and private placement of securities, joint ventures and strategic business relationships, commercial contract drafting and negotiation, and general counsel services. Kate serves as both legal counsel and business advisor, helping clients solve problems, set priorities and deploy personnel within budget.

She counsels healthcare clients on regulatory compliance and general business matters as well.

"Kate Bechen and the entire Husch Blackwell team were fantastic counsel. True experts and wise advisors in multiple areas to assist with our business combination."

Al Gatmaitan, Co-Chief Executive & President, UpHealth, Inc.


Industry

Services

Recognition

  • BizTimes Milwaukee, Notable Women in Law, 2020
  • Wisconsin Law Journal Women in the Law Award, 2018

Education

  • J.D., University of Iowa College of Law
    • with distinction
  • M.H.A., University of Iowa
  • B.A., University of Iowa
    • Political Science, Psychology and International Business
    • with distinction

Admissions

  • Wisconsin

Professional Memberships and Certifications

  • American Bar Association
  • State Bar of Wisconsin, Business and Health Law sections
  • American Health Law Association
Experience

Corporate

  • Represent UpHealth Holdings, Inc. in its merger with GigCapital2, Inc (a special purpose acquisition company). This transaction involved: (i) the acquisition by UpHealth of five operating companies, one of which was a cross-border acquisition of an Indian target, and several involved extensive healthcare licensing and regulatory complexities, (ii) negotiation of the business combination agreement with GigCapital2, (iii) a PIPE and convertible note round totaling $285M, and (iv) the additional merger of Cloudbreak Health, LLC. Once complete, the implied market capitalization is anticipated to be in excess of $1.6B, and UpHealth will be one of the largest global digital health companies.
  • Guide multiple companies through de-SPAC business combinations with special purpose acquisition companies (SPACs).
  • Guide multiple companies through going-public corporate readiness projects.
  • Represented nationwide veterinarian practice with nearly 100 shareholders in its $250M sale to private equity buyer. The transaction involved numerous pre-closing acquisitions, which increased client value. Consideration was combination of cash and rollover equity in parent of buyer.
  • Advised emerging businesses on entity formation, articles and bylaws, shareholder or investor agreements, operating agreements, joint ventures, governance issues and financing transactions.
  • Participated in numerous purchase and sale transactions, including acquisitions of portfolio companies for private equity firms and mergers of high-growth companies.
  • Managed regular Securities and Exchange Commission (SEC) reporting obligations of publicly traded companies and advised on SEC compliance issues. Assisted privately held clients in raising capital with private offerings of securities pursuant to various exemptions from registration under the Securities Act of 1933 and state securities laws.
  • Managed several large-scale commercial contract review projects in which attorney teams leverage state-of-the-art software to draft and implement template agreements and a client-specific contract review platform and process.

Crisis Management

  • As key member of the firm's CARES Act resource team, advised clients on accessing COVID-19-driven financial assistance, including Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL) and Main Street Lending Program.

Healthcare

  • Represented regional healthcare system in $100M hospital acquisition from leading national health system.
  • Represented Midwest health system in $50M animal laboratory sale, with one month from letter of intent to closing.
  • Assisted regional nonprofit health clinic in multiyear pharmacy and clinic acquisitions and mergers as part of strategic growth plan.
  • Represented seller in all aspects of $150M sale of a chain of rehabilitation hospitals, including state and federal licensing transfer and HSR filing.
  • Advised health systems, hospitals, academic medical centers, group practices, surgery centers, imaging centers, fitness and wellness businesses and healthcare technology companies on business structure and governance, contract negotiation and drafting, medical staff and clinical care issues, HIPAA and consumer privacy concerns, licensure and scope of practice, clinical trials and institutional review board (IRB) compliance, and regulatory compliance matters (including Medicare, Medicaid, Stark and Anti-Kickback).
  • Represented health systems in the acquisition and divestiture of hospitals, ambulatory surgery centers and imaging centers.
  • Advised on strategic alignment options between physician groups and private equity investors, taking the form of management agreement arrangements, stock sale transactions and asset sale transactions.
  • Served as legal counsel to a health system's institutional review board (IRB). Attended IRB meetings; provided legal guidance; reviewed clinical trial agreements and reviewed IRB fee agreements, business associate agreements and nondisclosure agreements.
  • Served as legal counsel to academic medical center's joint venture entities, including independent diagnostic testing facility, fertility clinic and ambulatory surgery centers.
  • Represented health insurance company in launch of new health insurance plan that was joint venture with health system. Served key role in strategic planning and ultimate corporate structuring of new venture, drafted all corporate and transaction-related documents, and supported internal legal counsel on regulatory approval matters.
News Releases | July 28, 2021
Husch Blackwell Joins UpHealth in Opening Bell Celebration

Led out of the firm’s Milwaukee office, Husch Blackwell represented UpHealth in its recently closed business combination that created a publicly traded, comprehensive global digital healthcare company.

Outside the Office

Kate values time with family.

Kate and her husband stay busy with their two young daughters. Kate also enjoys horseback riding, golf, strength training and running.

Community Leadership
  • Advocates of Ozaukee, Board of Directors
  • American Heart Association Milwaukee Chapter, Board of Directors
  • BizStarts of Milwaukee, Board of Directors
  • Girls on the Run of Southeast Wisconsin
  • Medical Society of Milwaukee County, Board of Directors

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