Halloran & Sage represented a Connecticut start-up doing business in the health care arena as it became positioned for and later obtained private equity financing. Partners Bob Cox and Arnold Menchel, along with associate Casey O’Connell helped the business to draft an operating agreement that ensured that the company’s founders were each assigned the appropriate amounts of equity, and then helped the company to bring in its first outside investor. H & S helped to properly document the transaction and the equity grant to the investor to ensure compliance with appropriate regulations and to provide for appropriate mechanisms to determine various control and exit issues. The transactions left the company well positioned for continued growth in the health care field.