Venture Briefing: Cybersecurity Gap Management for Healthcare Venture Briefing: Cybersecurity Gap Management for Healthcare

Venture Briefing: Cybersecurity Gap Management for Healthcare

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IPO Market Experiencing Second-Longest Drought in History
There have been no IPOs on the New York Stock Exchange since Dec. 18, when financial technology company Yirendai went public, marking the second-longest drought in the exchange's history, according to Dealogic, a New York-based financial services firm. The last time the NYSE encountered a similar drought was during the financial crisis, when there were only two offerings from Aug. 7, 2008, until Feb. 10, 2009.
(Source: CNBC, 2016-03-17) Read the full article
Large Number of Startups Expect to Remain Private Companies
While high-flying unicorns such as Uber and Airbnb are largely expected to enter the public market in the months and years to come, a number of entrepreneurs in attendance at the South by Southwest Interactive Festival believe their own companies will remain private "indefinitely," according to a new survey. Nasdaq Private Market surveyed 126 attendees, of which 32 percent were founders or chief executives, and found that a large portion don't expect the day will come when shares in their startups become publicly traded, potentially bolstering a trend that has seen more companies opting to stay private longer.
(Source: Bloomberg, 2016-03-18) Read the full article
Early Stage Venture Investors Seeing Big Payoffs
For the last few years, the spotlight in start-up investing has largely shone on those who poured money into a company when it was already well along on a growth path, but it turns out that spotlight may have been misdirected. While some investors are throwing giant sums into more mature start-ups like Uber and Airbnb at soaring valuations, it is the venture capitalists who identify a promising company at its infancy and bet on its growth who often come out on top.
(Source: The New York Times, 2016-03-13) Read the full article
Alternative Lenders Originated $5B in 2014 Small Business Loans
Alternative lenders originated around $5 billion in small business loans during 2014, according to estimates from the U.S. Treasury. And while that's only a small fraction of the approximately $595 billion in outstanding U.S. small business loans at the end of the 1st quarter of 2015, small businesses are seeing alternative lenders as an increasingly viable source of funds, according to a new report from Aite Group.
(Source: Bankrate.com, 2016-03-10) Read the full article
Head of SEC Says Agency Considering Breakdown in GAAP Rules
The head of the Securities and Exchange Commission said her agency is examining whether companies could mislead investors through some of the current accounting rules. Companies must satisfy Generally Accepted Accounting Principles (GAAP) when communicating to the market but industry has some leeway in some investor disclosures -- and that is where SEC chair Mary Jo White says she has concerns.
(Source: Reuters, 2016-03-16) Read the full article
Insurers Wary of Offering More Cyber Policies Amid Mega-Losses
In 2014, insurance companies reaped $2 billion in policy premiums from U.S. companies seeking protection from potentially vast losses due to cyber attacks like those that have hit Target, Sony, and other big firms, but insurers could be writing more policies -- and larger ones -- right now. Insurance firms themselves are putting some brakes on the cyber insurance business at this point, because they're as scared of mega-losses as their potential clients are, says Mark Weatherford, chief cybersecurity strategist at Mountain View, CA-based security tech firm vArmour.
(Source: xconomy, 2016-03-14) Read the full article
Two-Thirds of Single-Family Offices Investing in Private Equity
New research finds that almost two-thirds of single-family offices are currently investing in private equity. Given that many ultra-wealthy individuals and families can trace their wealth back to a privately-held asset, the comfort level with private equity and general appeal of the asset class among single-family offices is, well, expected.
(Source: Forbes.com, 2016-03-15) Read the full article
Pay for CEOs 42% Higher for Firms with 'Insider' Chairpersons
Companies with "insider" chairpersons pay their chief executives a lot more than those with "outsider" chairpersons, according to a report by Institutional Shareholder Services, or ISS. The firm analyzed data from S&P 500 companies and found that compensation over a three-year period was 42 percent higher on average for CEOs that had an insider chairperson (excluding those in a combined role), than for CEOs of companies whose board was chaired by an independent outsider.
(Source: CFO.com, 2016-03-10) Read the full article
P.E. Firms Focus on Supportive Expertise, Not Just Money
While financing is at the heart of private equity, delivering a range of supportive expertise is characteristic of the industry. It's about more than just money.
(Source: Forbes.com, 2016-03-21) Read the full article
 
 
 
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Join Ice Miller for a Free Webinar - Directors & Officers Part I: Obligations in Good Times and Bad

This is the first presentation in a two-part series of webinars tailored toward Directors and Officers of for-profits and non-profits. This webinar will address the fiduciary duties owed by directors and officers of a corporation or limited liability company through the life cycle of the entity.
When: Wednesday, April 20, 2016 - 1:00 to 2:15 pm EST
Register Here.

 

 

Cybersecurity Gap Management for Healthcare
Kimberly C. Metzger

The U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) has released its HIPAA Security Rule Crosswalk to NIST Cybersecurity Framework (Crosswalk), a tool to help covered entities and business associates bolster their HIPAA Security Rule posture. Read full article online.

 

By The Numbers

An advance of 0.9 percent in the 119-year-old Dow Jones Industrial Average last week wiped out a year-to-date decline that swelled to as much as 10 percent in February, making investors whole 11 weeks into a year that was shaping up to be a disaster. It’s the fastest that a retreat of 10 percent or more has ever been reversed this early in a year, data compiled by Bloomberg show.
Source: Bloomberg - Dow's Freakish Bounce Makes Investors Whole, Can't Erase Doubts

 

Business
Services Group

Ice Miller has been one of the most active law firms in the private equity industry over the last decade, representing both entrepreneurs building great companies and the private equity firms and individuals that invest in them.  We have extensive experience with all types of funds (formations and operations); mezzanine and senior secured financing; leveraged buyouts, roll-ups, build-ups, and consolidations; divestitures and exits; and complex litigation on behalf of investors and privately financed companies.  In addition, over the past 10 years, Ice Miller has represented hundreds of emerging growth businesses in various industries on such matters as entity formation, capitalization, capital raising, alternative financing, intellectual property rights and protection, growth and exit strategies, corporate governance, tax matters, and many other legal issues that are critical to the growth and success of an emerging company.

Read the complete profile of the Business Group.

Anthony Aaron
Haley Altman
James Banister
Richard Barnhart
Samuel Beavers
Christopher Bordoni
Edward Braum
Elizabeth Brier
Adam Calisoff
Kristine Camron
Timothy Capen
Joshua Christie
Ryanne Bush Dent
Dustin DuBois
Stephen Edwards
Michael P. Farrell
Harry Gonso
Eric Goodman
Jon Groff
Stephen Hackman
David Hight
Steven Humke
Michael Jordan
 
Josef Keglewitsch
Tom Kesoglou
Patrick Kennedy
John Lawlor
Dean Leffelman
Christopher McCleary
Chris Michael
Laurie Miller
Michael Millikan
Robert Ouellette
Thomas Pampush
Matthew Servies
Brittney Sharp
Brent Showalter
Scott Snively
Dale Stackhouse
Emily Storm-Smith
Chase Stuart
John Thornburgh
Richard Thrapp
Kristina Tridico
Michelle Zaretsky
 

 

 
     
This publication is intended for general information purposes only and does not and is not intended to constitute legal advice.  The reader must consult with legal counsel to determine how laws or decisions discussed herein apply to the reader's specific circumstances.

 
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