Jennifer Hutchens, Partner, Dechert LLP, and Tom Spellman, Associate General Counsel and Vice President, Fresenius Medical Care, discuss how health care joint ventures can provide considerable financial, legal, and operational flexibility and opportunity for their participants, along with unique regulatory and relationship considerations. They cover when a joint venture can be useful for a health care business venture, what key financial and operational provisions to consider, and how to plan for both good and ranging business outcomes. Jennifer and Tom spoke about this topic at AHLA’s 2025 Annual Meeting in San Diego, CA.