Ropes & Gray jointly represented Housing Works, one of America’s largest HIV/AIDS service organizations, and New York City-based Bailey House, which operates supportive housing for people with HIV/AIDS and other chronic and behavioral health conditions, in a strategic transaction to further their missions.
The deal is expected to close in November. Financial terms were not disclosed.
As part of the transaction, the two not-for-profit corporations will create a housing development unit branded with the Bailey House name and plan to build more affordable housing in New York City to serve low-income people, including those with chronic illnesses.
The Ropes & Gray team used their expertise in not-for-profit law and governance, as well as experience navigating the health care regulatory approvals process for licensed entities, to advise both organizations in structuring this mutually beneficial transaction.
The Ropes & Gray team was led by health care partner Brett Friedman (Picture) and included health care associate Sarah Blumenthal (both of New York).
Law Firms: Ropes & Gray;
Clients: Housing Works Inc.;