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Karen P. Wackerman

Bridgeport Office
850 Main Street
P.O. Box 7006
Bridgeport, CT 06601-7006
p 203.330.2278
f 203.576.8888

Karen P. Wackerman is a member of the Business and Finance practice where she focuses on corporate law and health care law.

Karen assists her clients with an array of business concerns, including formation, shareholder and operating agreements; financings, mergers and acquisitions and business contracts of all kinds. Karen is frequently called upon to provide general outside counsel services to her clients, including advice regarding corporate governance and corporate secretarial matters. She routinely works with clients in their dealings with federal and state boards and agencies, and helps them with obtaining licenses from state and federal boards and commissions. 

She regularly counsels both employers and executives in the negotiation and drafting of employment agreements, severance agreements, consulting agreements, non-compete and restrictive covenant agreements and other employment-related contracts. 

Karen’s health care practice includes working with physicians and physician groups, hospitals and other health care entities.  Karen advises health care clients on regulatory issues, including Stark law, anti-fraud compliance and HIPAA, as well as certificate of need applications and state licensing issues. She frequently represents health care entities in transactions that include equity and asset purchases, mergers, buyouts, affiliations among health care entities, and employment and severance agreement involving health care parties. 

Representative Experience

  • Successfully closed three acquisitions for two medical practices that were purchasing other practices. The transactions included a merger, a stock purchase and an asset purchase, each of which involved significant regulatory analysis as well as the negotiation and documentation of the transaction. In connection with the stock purchase, negotiated and closed a new financing facility for the acquisition.

  • Represented two founders of an ambulatory surgery center from the initial purchase of an existing center, obtaining investors, relocating and developing a new facility, licensing and operations.

  • Represented a medical practice in the refinancing of its credit facility.

  • Represented a client in its the sales of the stock of a day care center and the assets of two nursery schools. 

  • Represented the majority owners of a private corporation in the redemption of their stock by the corporation, including the negotiation of the terms of the redemption agreement, securities agreements, notes and other documentation.

Professional Affiliations

  • Connecticut Bar Association - Business Law Section, Health Law Section
  • American Bar Association - Business Law Section
  • Fairfield County Bar Association - co-chair, Business Law Section
  • New Haven County Bar Association
  • American Health Lawyers Association
  • University of Connecticut School of Law - associate clinical professor of law (1995-1998, 2000-2001)
  • American Health Lawyers Association

Community Involvement

  • Fairfield Representative Town Meeting - elected representative, 2015-present; majority leader, 2017-present
  • Visiting Nurse & Hospice of Fairfield County - Board of Directors, 2002-2015 and 2017-present; former chairman of the Board