July 13, 2017
Weil is advising Magellan Health, Inc. in its definitive agreement to acquire Senior Whole Health, a healthcare company focused on serving complex, high-risk populations, providing both Medicare and Medicaid dual-eligible benefits to more than 22,000 members in Massachusetts and New York. Under the terms of the agreement, Magellan will acquire Senior Whole Health, a privately held company, for approximately $400 million cash, inclusive of a $10 million contingent payment. The transaction is expected to close by the end of the first quarter of 2018 and is subject to certain state and federal regulatory approvals and closing conditions.
The Weil team advising Magellan Health is led by Mergers & Acquisitions partner Raymond Gietz and includes Banking & Finance partner Douglas Urquhart; Capital Markets partner Corey Chivers; Tax partner Helyn Goldstein; Executive Compensation & Benefits partner Amy Rubin; Mergers & Acquisitions associates Giancarlo Ruscio (Not Yet Admitted in New York) and Geoffrey Weinberg (Not Yet Admitted in New York); Banking & Finance associates Justin D. Lee and Alice Pang (Not Yet Admitted in New York); Capital Markets associate Janeane Ferrari; Tax associate Eric Remijan; and Executive Compensation & Benefits associate Aaron Cha.