August 12, 2020

Volume X, Number 225

Michael A. Okaty

Michael (Mike) A. Okaty is a partner and business lawyer who focuses on a wide variety of corporate transactions, governance, and counseling. He serves as an advisor and trustee to high-net-worth individuals and families. Mike is founder and former chair of the firm’s Senior Living Industry Team, vice chair of the firm’s Industry Teams Department, and co-chair of the firm’s Transactions Practice. He is also a member of the firm’s Management Committee and serves as the managing partner for the Orlando office of Foley & Lardner LLP.

Mike has experience in a wide variety of corporate law matters, including corporate formation, corporate operations and governance, contract drafting, review and negotiation, mergers and acquisitions, and capital raising and finance transactions for both public and private companies and lenders.

Representative Transactions

General Corporate

  • Represented Halifax Media Holdings LLC in its sale to Gatehouse Media
  • Structured the three-way merger of Florida's largest blood banks, which resulted in the second-largest blood bank in the nation (second only to the American Red Cross). The new organization is now known as OneBlood Inc.
  • Represented Halifax Media Holdings LLC in the acquisition of The New York Times Company's Regional Media Group. This was a challenging transaction in which the team faced a complex purchase of 16 different newspaper businesses in six states. The financing structure included five loans from four lenders and a sale-leaseback. With this transaction, Halifax doubled their media holdings.
  • Advised LSQ Funding Group and Viewpost Holdings in private placements of debt and equity
  • Advised LSQ Funding Group in sale to Lovell Minnick Partners 
  • Advised LSQ Funding Group in debt offering from Ares Capital Corporation

Senior Living

  • Represented Revera Health System in the sale of 47 nursing homes to Health Care REIT Inc. (HCN) with a deal value of $1.3 billion
  • Counsel to Revera Health Systems in its acquisition and recapitalization of Sunrise Senior Living, the leading operator of assisted living facilities in the US with operation in Canada and the UK as well. The transaction entailed a 3 part merger, leveraged acquisition and joint venture with Health Care REIT (NYSE) involving sellers KKR, Beecken Petty and O'Keefe, Health Care REIT as minority investor and Key Bank as senior lender. Revera is the leading operator of senior living facilities in Canada and is owned by the Public Sector Pension Investment Board of Canada, a Canadian Crown Corporation.
  • Counsel for the acquisition and related financings of Sentio Healthcare Properties’ entire portfolio.
  • Represented FKP Property Group as the purchaser of multiple senior living facilities in four states with respect to acquisition, financing and licensing matters related to the transaction
  • Counseled a foreign company, FKP Property Group, in acquiring U.S.-regulated health care facilities in multiple states from Principal Senior Living Group
  • Counsel to Bourne Financial Group

Articles in the National Law Review database by Michael A. Okaty

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