Eric J. Knickrehm
Eric Knickrehm represents private equity firms and strategic investors in complex healthcare M&A transactions and regulatory matters, with particular depth in healthcare services and a strategic focus on PE investment in law firms—an emerging asset class where he applies his cross-sector experience to Management Services Organization (MSO) structures, bar rule compliance, and multi-state regulatory pathways. Drawing on deep experience in ownership restrictions and alternative practice structures, Eric structures and executes investments in industries where regulatory complexity creates both barriers to entry and opportunities for sophisticated dealmakers.
Key Matters
Healthcare
- Served as regulatory counsel to the Agape Care Group, a leading hospice and palliative care provider, in its sale to Linden Capital Partners, advising on healthcare regulatory matters including state licensure, certificate of need requirements, and compliance considerations across the company's multi-state footprint
- Represented Agape Care Group in nearly two dozen add-on acquisitions of hospice and palliative care providers across 11 states, navigating state-specific licensure, CON requirements, and healthcare regulatory compliance for each transaction
- Represented Vistria Capital as regulatory counsel in its acquisition of Soliant, a leading healthcare and education staffing firm providing travel nursing, allied health, and school-based therapy staffing solutions across the United States
- Represented Shore Capital Partners in its sale of Behavioral Innovations, leading provider of center-based applied behavior analysis therapy to early intervention children with autism spectrum disorder and other related developmental disabilities
- Represented Crowe LLP in a carveout sale of its technology-enabled healthcare consulting business
- Represented Upstream Rehabilitation in the sale of Therapy Direct to Enlyte
- Represented Court Square Capital Partner in its strategic capital investment in Team Select Home Care, a market leader in the adult and pediatric home care industry
- Advised multi-site ENT/allergy platform with practice and ASC acquisitions across five states
- Represented a private equity firm in its acquisition of a healthcare-focused third-party logistics provider specializing in pharmaceutical distribution and supply chain services for healthcare systems
- Represented a private equity firm in its acquisition of a leading medical courier and healthcare logistics company
Professional Services — Select Engagements
Accounting Firms
- Represented a healthcare PE sponsor in its acquisition of a CPA firm specializing in healthcare consulting, tax advisory, and assurance services, using an alternative practice structure that navigated CPA ownership and independence requirements while enabling the sponsor to deploy capital and drive operational growth
- Represented a state public pension fund with over US$400B in assets under management in its co-investment alongside lead private equity sponsors in a top 15 accounting firm and top 20 accounting firm through alternative practice structures
Law Firms
- Counseling Am Law 200 firms on sell-side positioning for PE investment, including partnership restructuring, compensation modeling, and ABS feasibility assessment
- Analyzing bar rule compliance and fee-sharing restrictions across 30+ jurisdictions for contemplated law firm PE transactions