Photograph of Todd D. Rosenberg

Todd D. Rosenberg


Todd D. Rosenberg is a partner in the firm's Corporate Group. Todd's practice focuses on mergers and acquisitions, joint ventures, equity and debt financings, and complex commercial agreements (including outsourcing agreements, service agreements, and intellectual property licensing agreements). Todd regularly advises public and private corporations, financial institutions, hedge funds, and private equity funds. Todd has significant experience with transactions in a wide-variety of industries, including healthcare, financial services, government contracts, transportation, media, technology, and telecommunications.

Todd frequently teams with members of the firm's Health Care Group on transactions, involving payers, providers, and digital health industry participants. These transactions include pharmacy benefit management outsourcing agreements, joint ventures, the sale and acquisition of plans and related businesses, and agreements related to the establishment of accountable care organizations and other innovative care-delivery and risk sharing arrangements.

Todd also is active in the firm's pro bono representations. Todd co-led a team of Crowell & Moring attorneys who, along with the Legal Counsel for the Elderly, formed AT HOME (the Alliance to Help Owner's Maintain Equity), a group whose advocacy of reforms to the District of Columbia's system for selling real property tax liens led to a front-page investigative series by The Washington Post and, in turn, the adoption of significant reforms. Todd also assisted the Washington Tennis & Education Foundation in securing new market tax credit financing to construct a tennis and education center for at-risk youth in Southeast Washington, D.C.

Todd clerked for the Honorable Deborah J. Chasanow on the U.S. District Court for the District of Maryland, Southern Division from 1997 to 1998.


  • Emory University, B.A. (1993) political science, magna cum laude, Phi Beta Kappa
  • University of Pennsylvania Law School, J.D. (1997) cum laude, comments editor, the University of Pennsylvania Law Review


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Corporate and Transactional


Mergers and Acquisitions

Joint Ventures and Strategic Alliances

Health Care

Health Care Transactions

Commercial Contracts and Outsourcing

Commercial Finance and Lending

Corporate Counseling, Governance and Compliance

Corporate Finance and Securities

Emerging Companies and Venture Capital

Government Contracts Transactions

Joint Ventures and Strategic Alliances

Private Equity

Digital Health/MedTech

Show more practices…

  • The representation of managed care companies, including Aetna, Cambia Health Solutions, Cigna, and Centene/Health Net, in structuring and negotiating pharmacy benefit management agreements. 
  • The representation of Prime Therapeutics, LLC, a leading pharmacy benefit management company, in the formation of a mail/specialty pharmacy joint venture.
  • The representation of a privately held pharmacy benefit management company in the negotiation of various customer agreements. 
  • The representation of a health insurer in the sale of its Medicare Prescription Drug Plan.
  • The representation of population health management companies in strategic collaborations.
  • The representation of a health information exchange in participation agreements and various vendor arrangements
  • The representation of a physician management company in connection with the acquisition and disposition of physician practices.
  • The representation of an operator of hospitals and other healthcare facilities in asset sale and joint venture transactions involving hospitals and ambulatory surgery centers.
  • The representation of a private equity fund in its acquisition of an emergency room physician outsourcing business out of bankruptcy.

Todd’s representative transactions in other industries include:

  • The representation of a foreign publicly traded investment fund in its U.S. investment activities as a fund of funds, financial sponsor and investor in venture-backed companies.
  • The representation of GigPeak in its Acquisition by Integrated Device Technology, Inc.
  • The representation of a publicly traded aerospace, defense, security and advanced technologies company in various M&A transactions.
  • The representation of a multi-national luxury goods retail conglomerate in its acquisition of U.S.-based businesses.
  • The representation of a provider of telematics services in the negotiation of service agreements for the provision of private label telematics services to various automobile manufacturers in the U.S. and abroad.
  • The representation of Gate Gourmet, Inc. in a wide range of matters including a global information technology outsourcing services agreement, joint ventures and commercial agreements.
  • The representation of a private equity fund in connection with its acquisition of (and further investment in) portfolio companies in the automotive services and cleaning services industries.
  • The representation of Ricoh in connection with its acquisition of PTI Marketing Technologies.
  • The representation of a NASDAQ and Toronto Stock Exchange listed provider of information technology in connection with its acquisition, by merger, of a business communications solutions provider.
  • The representation of a private equity firm in connection with its acquisition of a plastics recycling company out of bankruptcy.
What To Watch As Push To Rein In PBMs Advances Law360 (June 10, 2022)
Press Coverage
"What to Expect for Health Care Transactions in 2022," Crowell & Moring Webinar, 2022. (May 12, 2022). Speaker: Todd D. Rosenberg.
"State PBM Regulation: The Struggle Continues – Oklahoma District Court Latest to Rule on ERISA, Part D Preemption," Crowell & Moring’s Health Law Blog (April 7, 2022). Authors: Barbara H. Ryland and Todd D. Rosenberg.
"Payers, Providers, and Patients – Oh My!: What to Expect in Health Care Transactions in 2022," Podcast: Payers, Providers, and Patients – Oh My! (March 28, 2022). Contacts: Payal Nanavati, Joe Records, Kathryn Lynn Raffensperger, Todd D. Rosenberg, Alexis J. Gilman
Client Alert / Newsletter
"Healthcare Transactions: What to Expect in 2022," Association of Corporate Counsel Webinar 2022 (February 24, 2022). Speakers: Paul Mourning, Renée C. Delphin-Rodriguez, Katy Raffensperger, Todd D. Rosenberg.
"CMS Proposes Major Change to Rules Governing Part D Plan Accounting," Health Care Alert (January 19, 2022). Contacts: Todd D. Rosenberg, Barbara H. Ryland
Client Alert / Newsletter
"The State of Healthcare M&A: What's Driving Strategic Partnerships Transactions?" Healthcare M&A Seminar (May 26, 2021). Panelist: Todd D. Rosenberg.
"Healthcare Transactions: What to expect in 2021," Healthcare Ounce of Prevention Seminar (HOOPS) 2021: Health Care in the Biden Era (February 23, 2021). Presenters: Renée Delphin-Rodriguez, Stephanie Marcantonio, and Todd D. Rosenberg.
"Supreme Court Sides with State Regulation of PBMs in Boost to Independent Pharmacies," Health Care Alert (December 16, 2020). Contacts: Todd D. Rosenberg, Barbara H. Ryland
Client Alert / Newsletter
"Payers, Providers, and Patients – Oh My!: ERISA Preemption of State PBM Regulation," Podcast: Payers, Providers, and Patients – Oh My! (August 3, 2020). Contacts: Todd D. Rosenberg, Payal Nanavati, Joe Records
Client Alert / Newsletter

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Crowell & Moring LLP is an international law firm with offices in the United States, Europe, MENA, and Asia that represents clients in litigation and arbitration, regulatory and policy, and transactional and corporate matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation and government-facing matters, as well as its ongoing commitment to pro bono service and diversity, equity, and inclusion.

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