BOSTON (August 15, 2011) — McDermott Will & Emery LLP is pleased to announce that David G. Spackman has joined the Firm’s Boston office, effective today. Mr. Spackman, who will serve as counsel, will be a member of McDermott‘s Health Industry Advisory Practice Group. His practice will focus on corporate governance and executive compensation issues, and conversion transactions.
A career health care M&A lawyer by training, Mr. Spackman most recently served as the Director of the Division of Public Charities in the office of the Massachusetts Attorney General. In that role, he was responsible for protecting the public’s interest in over 22,000 public charities operating in Massachusetts through assuring transparency and enforcement of fiduciary standards of care and loyalty. During his tenure the Division was actively involved in areas of executive and director compensation, health care cost drivers, enhanced financial reporting, governance standards, and compliance.
“With his strong regional and national reputation, David brings added depth to McDermott’s Health practice,” said Stephen W. Bernstein, head of the Firm’s Health Industry Advisory Practice Group. “Today, as more and more non-profit hospitals evaluate alternative corporate models, including conversions to for-profit status, we believe that David’s unique experience and reputation working on these matters will be a tremendous asset for the Firm. These transactions require exactly the sort of skills that David brings to the Firm.”
Most recently, Mr. Spackman was responsible for the regulatory review and approval of the acquisition of the charitable health care assets of Caritas Christi, a six-hospital Massachusetts based health care system affiliated with the Roman Catholic Archbishop of Boston, by Steward Health Care System LLC, an affiliate of Cerberus Capital Management, L.P. This deal is unique because it was the first ever sale of a Catholic, nonprofit system to a private equity firm in the U.S. Prior to that role, he served for 23 years as an attorney in private practice, most recently with other AmLaw 100 firms. He began his legal career as the general counsel to the Department of Health and Hospitals of the City of Boston.
"In this unique role, I will be fully able to capitalize on my background advising leaders in both the public and private sectors on strategic mergers and acquisitions as well as corporate governance issues,” said Spackman. “Moreover, by joining McDermott, I will also have the opportunity to work with some of the world’s most prominent health lawyers to expand my practice and build upon the Firm’s best-in-class reputation in this area.”
“David's arrival deepens our extensive capabilities in the increasingly important area of non-profit governance. The perspective he brings as a highly experienced government regulator is particularly valuable now, at a time when government regulations of these entities is at an all-time high," added Michael W. Peregrine, partner in McDermott's Health practice who specializes in nonprofit corporate law.
McDermott Will & Emery has one of the largest and most prestigious Health law departments in the world, counseling leading organizations in every major sector of the health and life sciences industry on legal, regulatory and business transaction issues. McDermott is the only firm to receive Tier 1 rankings from both Chambers USA and Legal 500 USA in 2011. For the second consecutive year Chambers USA ranked the Firm's Health practice as the only Tier 1 practice in the United States.
Mr. Spackman is admitted to practice in the Commonwealth of Massachusetts. He received his B.A. from Beloit College and his J.D. from Suffolk University.
About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, the Firm has offices in Boston, Brussels, Chicago, Düsseldorf, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Silicon Valley and Washington, D.C. and also has a strategic alliance with MWE China Law Offices in Shanghai.