News (All)

CMM Represents Multi-Office NYC Medical Practice in Sale to Social Impact Private Equity Firm

Posted: September 6th, 2018

In an M&A deal that combined social impact investing, the heavily regulated healthcare industry, and the goal of expanding the reach of primary care physicians in underserved communities, Campolo, Middleton & McCormick represented the owners of an eight-office family medical practice in the sale of its wholly owned management company to Bridges Fund Management. Bridges U.S. Sustainable Growth Fund is the New York-based fund of a London headquartered private equity firm focused on social impact investing. The deal closed in July 2018.

Medwood Services provides administrative and management support services to New York Family Practice Physicians, which has locations in Brooklyn and Queens, and will continue to do so following the July close. The practice, headed by Dr. Glenn Muraca and Dr. Giovanni Marciano, plans to expand significantly throughout the New York metropolitan area and surrounding counties, helping to fill a gap in the healthcare system for primary care physicians who are able to efficiently and effectively manage the entire spectrum of healthcare-related services that families need, particularly in communities facing a shortage of primary care providers.

“Working with Christine [Malafi] and her team gave us total peace of mind. The entire process was well organized, and we were able to focus on our patients without being distracted by all the moving parts of the deal,” said Dr. Muraca. CMM’s Vincent Costa and Kyle Broderick assisted Malafi on the transaction. Learn more about our M&A and Healthcare practices.
Protegrity Advisors acted as the exclusive M&A advisor for Medwood Services and Drs. Maricano and Muraca.

September 13 – Glass Presents at Veterans’ Educational Seminar

Posted: September 5th, 2018

Event Date: September 13th, 2018

An Educational Seminar on Veterans’ Benefits and How to Obtain Them

Are you a veteran? Are you the widow or widower of a veteran? Join us to learn about the benefits you may be entitled to and how to access them.

Guest speakers:
Martin Glass, Esq. – Campolo, Middleton & McCormick
Melissa Pandolf, MSgt (Ret.) – Veterans Service Office
Thursday, September 13, 2018 at 1:00 p.m.

Hosted by Atria Senior Living, 53 Ocean Avenue, Bay Shore, NY 11706

RSVP by September 11 to (631) 676-3900 x. 25

New York State Wage Requirements for Interns

Posted: September 4th, 2018

Published In: The Suffolk Lawyer

By Christine Malafi

Summer may be over, but if your office is like mine, interns are a welcome presence year-round. Hiring interns can be a mutually beneficial experience for both the employer and the intern. Interns develop hands-on experience in a field they are interested in pursuing, and a company gets a fresh take on things from the minds of a younger generation. As you get ready to welcome another round of interns this fall, make sure you understand how to pay them.

Before bringing interns on board, companies must determine whether the New York State minimum wage and overtime rules apply to their interns. In general, an intern is exempt from the New York State Minimum Wage Act and Orders (meaning, the intern does not need to be paid minimum wage, if anything) only if the intern and the business are not in an employment relationship. Note, you and your intern are in an employment relationship unless all eleven of the following criteria apply. (This test applies only to the state Minimum Wage Act and Orders, not unemployment insurance or workers’ compensation.)

  1. The training you provide to your intern is close to the training an educational program would provide (for example, the intern’s school oversees the program and provides school credit).
  2. The training your business provides primarily benefits the intern.
  3. The intern works under close supervision and does not displace regular employees.
  4. Your intern’s activities do not immediately or solely provide an advantage to you or your business.
  5. The interns are not necessarily entitled to a job after the internship ends and are free to take jobs elsewhere.
  6. The interns are notified in writing that they will not receive wages and are not considered employees for minimum wage purposes.
  7. Training must be directly supervised by individuals who are knowledgeable and experienced in that field.
  8. Interns do not receive employment benefits (health, dental, pension, retirement, etc.).
  9. The training you provide is not tailor-made for your business; it is more general and can be used in similar businesses.
  10. The screening process for interns is not the same process your company uses when hiring full-time employees.
  11. Ads or posts for the training program discuss education and hands-on experience rather than employment opportunities. However, you can state that your company is interested in hiring an intern for full-time employment once full training is completed.

Do all the above criteria describe the relationship with your intern? If not, the intern must be paid pursuant to the state minimum wage and overtime laws. Please contact us with any questions or to discuss your unique situation. Here’s to a productive experience for both of you!

Check out our blog to view the 2020 minimum wage requirements. For more on our labor services, visit our Labor and Employment page.

November 8 – Campolo Conducts HIA-LI “CEO Forum” Interview with Protegrity Advisors CEO Gregg Schor

Posted: August 27th, 2018

Event Date: November 8th, 2018

HIA-LI CEO Forum Featuring Joe Campolo, CMM Managing Partner and HIA-LI Board Chairman, Interviewing Gregg Schor, Protegrity Advisors CEO

  • Learn about Long Island M&A trends
  • Discover what it takes to grow a thriving business on Long Island
  • Hear about the company’s vision, strategies, and dynamic positioning – and the lessons you can apply to your own business!

Thursday, November 8, 2018

9 a.m. – 10:30 a.m. (registration from 8:30 a.m.)

Protegrity Advisors, 4175 Veterans Memorial Highway, Suite 300, Ronkonkoma, NY

Members $35, Non-Members $50

Register here or call 631-543-5355.

Professional Development with Randi Busse of Workforce Development Group and Michael Frenda of Dale Carnegie Training of Long Island

Posted: August 24th, 2018

Tags:

Long Island is known for its highly educated workforce, but an overlooked piece of the total success puzzle is professional development. In this episode, Joe Campolo spoke with Randi Busse, President & Founder of Workforce Development Group, about cultivating an ownership mindset in your employees, empowering your team to provide customers and clients with an exceptional experience, and how to spot the “Rants and Raves” among your staff. Next Joe caught up with Michael Frenda of Dale Carnegie Training of Long Island about why investing in employees through continued professional development training boosts employee engagement and both business and personal success.

Partial Enforcement Language in a Non-Compete Agreement Does Not Guarantee Partial Enforcement

Posted: August 22nd, 2018

Published In: The Suffolk Lawyer

A standard provision typically included in non-compete agreements is a “partial enforceability” provision that gives the Court the power to modify or “blue pencil” the terms of the agreement if the Court finds the restrictive covenant to be overly broad. For example, if a Court finds that a non-compete provision restricting an employee from working for a competitor anywhere within 100 miles of its former employer is too broad and not necessary to protect the former employer’s business interests, the partial enforceability provision would permit the Court to limit the geographic restriction to say, 10 miles, if the Court deems that narrowed limitation suitable. However, just because a partial enforceability provision is included in a non-compete agreement does not mean a Court will modify the terms to “fix” an otherwise unenforceable agreement and, many times, the Court will simply decline to enforce the agreement in its entirety.

One recent example of this came out of the Appellate Division, Second Department in Long Island Minimally Invasive Surgery, P.C. v. St. John’s Episcopal Hospital, 2018 NY Slip Op 05674 (2d Dep’t 2018) which affirmed the earlier decision of Justice Driscoll in Nassau County Supreme Court. Plaintiff was a medical practice that performed weight loss and other general surgeries. It had seven different offices throughout the New York metropolitan area. Defendant Javier Andrade was a surgeon hired by Plaintiff. Upon being hired, Andrade signed an employment agreement with a restrictive covenant prohibiting him, for two years upon the expiration of his employment, from performing any type of surgery within 10 miles of any of Plaintiff’s seven offices and affiliated hospitals. During his employment with Plaintiff, Andrade worked at only two of Plaintiff’s Nassau County offices and a hospital in Nassau County. When Andrade left Plaintiff, he went to work for Defendant St. John’s Episcopal Hospital.

Although Andrade worked for St. John’s in an area that was outside of the restricted area, St. John’s itself fell within the restricted area. As a result, Plaintiff commenced the action for breach of the restrictive covenant.

Prior to any discovery, both Andrade and St. John’s moved for summary judgment to dismiss the Complaint and their motion was granted. Plaintiff appealed. On appeal, the Appellate Division held that the lower court correctly determined that the geographical restriction was overly broad and geographically unreasonable “because it effectively barred [Andrade] for performing surgery, his chosen field of medicine, in the New York metropolitan area” and Plaintiff had failed to show why such a restriction was necessary to protect its interests especially because the restriction included areas where Andrade never even worked when he was employed by Plaintiff.

Importantly, the Appellate Division also agreed with the lower Court’s refusal to modify the restrictive covenant to make it enforceable. Citing prior decisions in Scott, Stackrow & Co., C.P.A.’s, P.C. v. Skavina, 9 A.D.3d 805 (3d Dep’t 2004) and BDO Seidman v. Hirshberg, 93 N.Y.2d 382 (1999), the Court noted, “The determination of whether an overly broad restrictive covenant should be enforced to the extent necessary to protect an employer’s legitimate interest involves ‘a case specific analysis, focusing on the conduct of the employer in imposing the terms of the agreement.’

Partial enforcement may be justified if an employer demonstrates, in addition to having a legitimate business interest, ‘an absence of overreaching, coercive use of dominant bargaining power, or other anti-competitive misconduct.’ ‘Factors weighing against partial enforcement are the imposition of the covenant in connection with hiring or continued employment—as opposed to, for example, imposition in connection with a promotion to a position of responsibility and trust—the existence of coercion or a general plan of the employer to forestall competition, and the employer’s knowledge that the covenant was overly broad.’”

In this case, the Appellate Division agreed that partial enforcement was not warranted because Plaintiff failed to show that there was good faith on its part, that there was no overreaching in having Andrade agree to the restrictive covenant which was a prerequisite to being hired, and there was also evidence from the record that Plaintiff refused to negotiate the non-compete language.

What is becoming clear from recent Court decisions on restrictive covenants, including this one, is that how and under what circumstances employers implement restrictive covenants on their employees is as important as the language contained within the restrictive covenants themselves.

CMM Swiftly Closes Sale of Family-Owned Business and Negotiates Purchase Price Nearly Double Original Offer

Posted: August 17th, 2018


Campolo, Middleton & McCormick has closed a fast-paced deal involving the sale of a third-generation family-owned music store in western Nassau County to a big box store, successfully negotiating a purchase price of nearly double the original offer.

The client retained CMM on a Monday and the transaction closed that Thursday. Donald Rassiger, with support from Kyle Broderick, drafted and negotiated the Asset Purchase Agreement and ancillary documents at breakneck speed. The pace of this transaction, coupled with the excellent result in the negotiation of the purchase price, demonstrates CMM’s ability to deliver enormous value to clients and how nimble CMM attorneys are when it comes to getting deals done.

Learn more about our Mergers & Acquisitions practice.

February 28 – CMM Academy presents Winning: What Would Jack Welch Think of Your Management Style?

Posted: August 15th, 2018

Event Date: February 28th, 2019

We have designed CMM Academy to help educate and inform our clients, colleagues, and partners, giving them the tools to achieve their business goals and continue their professional growth through a series of workshops and events. As part of CMM Academy, we’re excited to present our Fall 2018 Business Workshops, which have been selected for their timeliness and relevance to the business community.

All sessions will be hosted in our state-of-the-art classroom at our Ronkonkoma office and run 90 minutes (30 minutes for registration, networking, and a light meal followed by a 60-minute presentation). Early Bird registration fees are $25 per person.  Registration is required as seating is limited.

Winning: What Would Jack Welch Think of Your Management Style?

Presented by Joe Campolo, Esq.

Take a deep dive into the management style of Jack Welch, whose get-it-done approach to leadership pivoted General Electric to worldwide success. CMM Managing Partner Joe Campolo will share lessons from Welch’s popular business bible, Winning, and how Welch’s honest and be-the-best style of management can be put to work at any organization. Business owners, executives, and those who are serious about career success in any industry can all find a helpful new perspective in Welch’s words.

Thursday, February 28, 2019

8:30 AM: Registration, networking and hot breakfast

9:00 – 10:00 AM: Presentation

Location: Campolo, Middleton & McCormick, 4175 Veterans Memorial

Hwy, Ronkonkoma, NY 11779

Click here to register.

Sponsored by:
Sasserath & Zoraian, LLP
Protegrity Advisors logo
Current CMM clients, please contact Sarah Muller at smuller@cmmllp.com or call (631) 738-9100 for a complimentary ticket! Contact Sarah Muller at smuller@cmmllp.com with any other questions.

October 30 – CMM Academy presents Bleed to Succeed®

Posted: August 15th, 2018

Event Date: October 30th, 2018

We have designed CMM Academy to help educate and inform our clients, colleagues, and partners, giving them the tools to achieve their business goals and continue their professional growth through a series of workshops and events. As part of CMM Academy, we’re excited to present our Fall 2018 Business Workshops, which have been selected for their timeliness and relevance to the business community.

All sessions will be hosted in our state-of-the-art classroom at our Ronkonkoma office and run 90 minutes (30 minutes for registration, networking, and a light meal followed by a 60-minute presentation). Early Bird registration fees are $45 per person.  Registration is required as seating is limited.

Bleed to Succeed®

Presented by Joe Campolo, Esq.

Everyone says they want to be successful. Everyone says they want a lot of money. But the truth is, many people don’t want to put in what it takes to get there.

In this talk, Joe draws inspiration from his grandmother, a single mother in the 1940s who worked at a sweatshop each day until her fingers were raw and bleeding. Joe will share how her work ethic shaped his life and career path, and the steps that will help you achieve the success you envision.

Tuesday, October 30, 2018

8:30 AM: Registration, networking and light breakfast

9:00 – 10:00 AM: Presentation

Location: Campolo, Middleton & McCormick, 4175 Veterans Memorial Hwy, Ronkonkoma, NY 11779
Registration and details here.