Clifford D. Stromberg
Partner Global Regulatory
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Overview
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Experience
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Credentials
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Insights and events
Financial TimesIn naming Hogan Lovells as one of the "most innovative" law firms, cited as one example Cliff's ability at "managing complexity and scale" in a large hospital transaction.
Cliff Stromberg is widely recognized as a national leader in negotiating complex transactions for academic medical centers, hospitals and systems, managed care organizations, and other health care clients. He is a trusted advisor to boards and management in conceptualizing deal options and assessing the pros and cons of different moves in the market. He finds creative solutions and knows how to both negotiate hard and "get to yes."
He and his team have closed many tens of billions of dollars of deals in recent years. They have advised more than half of the leading academic medical centers – both public and private – as well as leading health systems, and more than a dozen state and local governments on major strategic transactions. Cliff and his team can offer clients insights into best practices and emerging trends. They serve as an efficient "SWAT team," bringing together legal experience across all the operational areas embedded in a complex deal. They help clients realistically assess what works and what doesn't, and how best to secure their goals.
Cliff also knows the world of managed care, population health, and clinically integrated networks. His prior experience in government (having been appointed by the President as Deputy Executive Secretary of the U.S. Department of Health and Human Services, and later serving as an Advisor to the Federal Trade Commission on health industry matters), and his roles in creating, selling, combining, and restructuring managed care plans enable him to help clients stay ahead of the curve in this arena.
According to Chambers USA, "Interviewees describe Cliff Stromberg as an extraordinary, almost unique resource in terms of his ability to help... think things through and get things done. He frequently advises on high-value transactions."
The Financial Times, in naming Hogan Lovells as one of the "most innovative" law firms, cited as one example Cliff's ability at "managing complexity and scale" in a large hospital transaction.
Chambers USA 2020He is extraordinarily bright and experienced, and immediately accessible.
Representative experience
Counsel to Kaiser in the creation of Risant Health, its acquisition of Geisinger Health, and in other transactions.
Negotiating the combination of Albert Einstein Healthcare Network and Thomas Jefferson University (and where client successfully defeated the Federal Trade Commission in litigation).
Counsel to Essentia Health in its planned combination with Marshfield Clinic (terminated).
Counsel to Arizona State University in creating a new School of Medicine and Advanced Medical Engineering.
Counsel to Indiana University in its affiliation with IU Health.
Counsel to Beaumont Health in its combination with Spectrum Health.
Counsel to Johns Hopkins on various matters.
Advise Methodist LeBonheur on creation of a major pediatric joint venture facility.
Counsel to the University of Minnesota in creating a "joint clinical enterprise" with Fairview Health Services.
Counsel to Vanderbilt University in spinoff of the entire Vanderbilt University Medical Center.
Transaction counsel in the combination of Wake Forest Baptist Medical Center and Atrium Health.
Counsel to Atrium Health in acquiring Navicent Health.
Counsel to Emory Healthcare on a variety of transactions.
Representing Penn State Hershey in an innovative joint venture with Highmark.
Counsel to University of Colorado Health in creating joint operating agreement with PVHS, and in acquiring (by lease) Memorial Hospital.
Counsel to Saint Louis University in purchasing its hospital back from Tenet and merging it with the SSM Health System. Later, negotiated the sale of SLU’s faculty group practice to SSM.
Counsel to Georgetown University in its merger into MedStar Health.
Sale of Holy Spirit Health System to Geisinger Health Services.
Sale of Hamot Medical Center and Altoona Regional Healthcare to UPMC.
Restructuring of the Health Alliance of Greater Cincinnati.
Purchase of three hospitals by the State University of New York (SUNY) system.
Restructuring of the Nebraska Medical Center.
Counsel to University of Mississippi on several hospital transactions.
Advising a large health system on creating clinically integrated networks in a number of states.
Advise Children’s Health of Dallas on a reorganization and several affiliations.
Counsel to University of Miami in purchasing Cedars Medical Center.
Creation of a managed care company in Hawaii; sale of an HMO in Indiana, sale of a health plan in Connecticut, purchase of a health plan in West Virginia.
Credentials
- J.D., Harvard Law School, Board of Editors, Harvard Law Review
- B.A., Yale University, summa cum laude, Phi Beta Kappa, National Merit Scholarship
- District of Columbia
- Former Chair, Working Group on Health Care Reform, ABA
- Former Governing Board Member, ABA Section of Health Law
- Former Advisory Committee Member, Governmental Affairs, ABA
- Former Chair, Section of Civil Liberties and Social Justice, ABA
- Former State Membership Chairman, District of Columbia, ABA
- Life Fellow, American Bar Foundation
- Member, American Health Lawyers Association
- Member, National Association of College and University Attorneys