When Mayo Clinic sought to develop a new inpatient rehabilitation facility on its Phoenix campus, the global organization had no shortage of potential partners. Ultimately, it chose Brooks Rehabilitation — the Jacksonville-based provider known for its facilities throughout Florida — to help lead the project and expand its model of care beyond the Sunshine State.

Twelve years after Baptist Health System acquired the Jacksonville Orthopaedic Institute, JOI physicians sought to repurchase the practice in March 2023.

With a repurchase provision in the 2011 Stock Purchase Agreement nearing expiration, the physician group exercised its option to reacquire the practice and separate from Baptist Health.

For more than three years, Smith Hulsey & Busey represented longtime client Baptist Health as it negotiated terms of sale with the physicians of JOI. However, what could have been a routine transaction became a complex unwinding when the physicians at JOI became divided over the future of their practice.