Attorney Warns Providers of Common Ownership Risks

DALLAS, Texas (Dec. 10, 2013)—Since DMEPOS Competitive Bidding Program Round 2 winners were announced, health care attorney and commercial litigator, Edward Vishnevetsky, has received dozens of calls and emails from clients inquiring about a work-around whereby a non-contract supplier can access a contract supplier’s contract by buying five percent of the stock of the contract supplier. Vishnevetsky warns that this work-around, properly known as common ownership, is not as easy as most may think, but in fact, can have serious consequences for both contract and non-contract suppliers. In a client update released last week, Vishnevetsky addressed his concerns regarding common ownership—referred to as The Five Percent Solution—and explains why it can be a risky option. Click here to read Vishnevetsky’s update.