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Jeffrey J. Steinle
Counsel
Email: jsteinle@fredlaw.com
Office: 612.492.7205
Assistant: Mary Esjornson, 612.492.7565
“Jeff has earned a reputation as an agile and relentless negotiator who focuses on business objectives and is able to maintain a sense of humor, focus and calm while working through challenging and evolving issues.”
Overview
Jeff is a corporate attorney who advises life science companies executing M&A, divestiture, financing, joint venture, licensing and commercial transactions. He serves as general counsel to digital health companies as they navigate the myriad legal issues related to the growing use of artificial intelligence, smart algorithms and “big data” in medical technology. Concurrent with his role at Fredrikson, Jeff was recently the General Counsel of Vios Medical, Inc., an emerging growth healthcare information technology company with an IoT-based patient management platform delivered as a service, prior to its sale to Murata Manufacturing Company in the fall of 2017.
Before joining Fredrikson & Byron, Jeff founded and led a consulting firm that provided general counsel services and strategic advice to life science companies. Previously, Jeff was the Vice President of Business Law and Deputy General Counsel of SUPERVALU, INC. where he led the legal teams advising the company and developing strategies related to the company’s M&A, securities, financing and real estate activities. Jeff also developed substantial medical technology expertise during his time at Medtronic as an M&A lawyer, corporate development leader and divisional counsel and has a strong background in healthcare law. Prior to joining Medtronic, Jeff was a corporate and restructuring attorney at Skadden, Arps, Slate Meagher & Flom.
Jeff serves on the Board of Directors and Executive Committee of Pillsbury United Communities and the Board of Directors of the Minneapolis Heart Institute Foundation.
Experience
Jeff offers a highly unique set of experiences to his clients at Fredrikson that span the deal-making continuum from strategy creation, scouting and pipeline development through venture-capital investing, negotiation and execution to integration. Jeff also has significant experience with financing, joint ventures, licenses, divestitures, company carve-outs and transition services. He is a highly effective and efficient day-to-day manager of his clients’ legal needs, always ensuring that a company’s legal strategy supports and adds value to its growth and ROI objectives. Representative experiences and engagements include the following:
- Vios Medical, Inc. as general counsel and M&A counsel in its $105M sale to Murata Manufacturing Company
- VIDA Diagnostics, Inc., which offers advanced pulmonary quantitative imaging analytics, as its outside general counsel
- Internal counsel, corporate development lead and outside transaction counsel to Medtronic in a variety of transactions including its:
- Option to acquire QT Vascular’s non-drug coated PTA balloon catheter for $28M
- Joint venture with American Well in a first-of-its-kind strategic partnership to provide telehealth services to Medtronic Care Management Services’ video-enabled platforms
- Acquisition of Covidien with respect to required international regulatory filings and certain integration matters
- Divestiture of Physio-Control, an external monitoring and defibrillator division serving hospital and EMS customers
- Acquisition of Invatec, a peripheral vascular therapies company, in a $500M transaction
- Acquisition of Ardian, an early stage company with a treatment for drug-resistant hypertension, in an $800M transaction
- Acquisition of ATS Medical, a company with a portfolio of mechanical and tissue heart valves, in a $370M transaction
- Acquisition of Kyphon Inc., a minimally invasive spinal therapy company, in a $3.9B transaction
- Numerous other licensing, investment and joint venture transactions
- CoreBiome Inc., which offers advanced algorithms and big data analytics to provide genomic profiles of microbial communities to customers in pharmaceutical, agriculture and academic research, as its outside general counsel
- Development stage cell therapy company in the negotiation of the development and sourcing of cell lines
- Legal and strategic advisor to pharmaceutical company restructuring its business operations and refinancing its debt
- Outside general counsel and strategic advisor to small medical device company with commercialized hearing device
- SUPERVALU in its $3.3B divestiture of its New Albertson’s Inc. subsidiary
- SUPERVALU in its stock tender and investment by a consortium led by Cerberus Capital Management
- SUPERVALU in its refinancing of its $2.5B secured lending facility and refinancing of $370M of notes through a tender offer and reissuance
Articles & Presentations
Digital Health: Evolving Business Models Require Sophisticated Legal Strategy
February 15, 2017
Healthcare attracts some of the most innovative minds in the world, but there are legal speed bumps in the adoption of digital healthcare innovation. Inconsistent regulatory regimes, varying reimbursement models, potential litigation and the ethical concerns of protecting the privacy, life and health of patients mean the healthcare industry needs to move cautiously. As a result, some basic available technologies that could make healthcare more effective and efficient are still not widely adopted.
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PUBLICATIONS & PRESENTATIONS
- Co-Presenter, “Digital Therapeutics: The Third Phase of Medicine?,” Fredrikson & Byron and TreeHouse Health Webinar, April 26, 2018
Honors & Education
EDUCATION
- University of Minnesota Law School, J.D., 1996, magna cum laude
- Gustavus Adolphus College, B.A., 1991, magna cum laude
BAR ADMISSIONS
- Minnesota, 1996
HONORS
- Order of the Coif
Professional Activities
PROFESSIONAL ACTIVITIES
- Pillsbury United Communities, Board of Directors and Executive Committee, 2016-present
- Minneapolis Heart Institute Foundation, Board of Directors, 2018-present
- Friends of FANA, Minnesota, Member, 2001-present
- BioBusiness Alliance of Minnesota, Board of Directors, 2013-2015
- The Catholic Charities of the Archdiocese of Chicago Adoptive Parents Guild, Board of Directors, 2002-2004
- Gustavus Adolphus Alumni Association, Class President, 2011-present, Class Agent, 1991-2000