Global Healthcare Exchange’s Acquisition of Lumere

Cleary Gottlieb represented Global Healthcare Exchange in the transaction. Katten Muchin Rosenman LLP represented Lumere.

Global Healthcare Exchange (GHX) executed the acquisition of Lumere. The transaction closed on January 13, 2020. Terms of the transaction were not publicly disclosed.

The Lumere acquisition expands GHX’s growing portfolio of innovative solutions that help healthcare organizations run the new business of healthcare – one where payments for care delivery are increasingly tied to quality of care and efficiency. By combining the powerful assets of GHX and Lumere, GHX seeks to create the gold standard in data governance, providing a single source of trusted information for the management of devices and drugs used in the delivery of care. The Lumere acquisition also significantly extends GHX’s footprint in the pharmaceutical market, helping health systems more strategically manage the complex area of pharmacy cost.

Colorado-based GHX is a healthcare business and data automation company, empowering healthcare organizations to enable better patient care and maximize industry saving using its world-class cloud-based supply chain technology platform.

Chicago-based Lumere is a leading provider of evidence-based data and analytics solutions that enable healthcare organizations to build clinically integrated supply chains and optimize medication formulary management.

The Cleary M&A team included partner Paul Shim (Picture), senior attorney Christopher Condlin, associate Hilary Ruffer, and law clerk Grace Gao. Partner Meme Peponis and law clerk Diana Ayoub advised on finance matters. Counsel Kathleen Emberger and associate Stephanie Edel advised on employment matters, with assistance from associate Alex Kurtz at an earlier stage of the transaction. Partner Daniel Ilan and associate Alexandra Theobald advised on intellectual property matters. Partner Jason Factor and associate Kylie Barza advised on tax matters, with assistance from associate Amy Hinz at an earlier stage of the transaction. Senior attorney Jim Corsiglia and law clerk Ariel Giumarelli advised on compliance matters. Counsel Beau Sterling advised on environmental matters.

The Katten team included Mallory Abel, Matthew Brown, Tanya Curtis, Peter Dalmasy, Valentina Famparska, Michelle Gyves, Megan Hardiman, Matthew Hubenschmidt, Shelby Klose, Matthew Marguerite, Andrew Skowronski and Jeffrey Patt.

Involved fees earner: Kylie Barza – Cleary Gottlieb Steen & Hamilton; Christopher Condlin – Cleary Gottlieb Steen & Hamilton; James Corsiglia – Cleary Gottlieb Steen & Hamilton; Stephanie Edel – Cleary Gottlieb Steen & Hamilton; Kathleen Emberger – Cleary Gottlieb Steen & Hamilton; Jason Factor – Cleary Gottlieb Steen & Hamilton; Amy Hinz – Cleary Gottlieb Steen & Hamilton; Daniel Ilan – Cleary Gottlieb Steen & Hamilton; Alexander Kurtz – Cleary Gottlieb Steen & Hamilton; Margaret Peponis – Cleary Gottlieb Steen & Hamilton; Hilary Ruffer – Cleary Gottlieb Steen & Hamilton; Paul Shim – Cleary Gottlieb Steen & Hamilton; Beau Sterling – Cleary Gottlieb Steen & Hamilton; Alexandra Theobald – Cleary Gottlieb Steen & Hamilton; Mallory Abel – Katten Muchin Rosenman LLP; Matthew Brown – Katten Muchin Rosenman LLP; Tanya Curtis – Katten Muchin Rosenman LLP; Peter Dalmasy – Katten Muchin Rosenman LLP; Valentina Famparska – Katten Muchin Rosenman LLP; Michelle Gyves – Katten Muchin Rosenman LLP; Megan Hardiman – Katten Muchin Rosenman LLP; Matthew Hubenschmidt – Katten Muchin Rosenman LLP; Shelby Klose – Katten Muchin Rosenman LLP; Matthew Marguerite – Katten Muchin Rosenman LLP; Jeffrey Patt – Katten Muchin Rosenman LLP; Andrew Skowronski – Katten Muchin Rosenman LLP;

Law Firms: Cleary Gottlieb Steen & Hamilton; Katten Muchin Rosenman LLP;

Clients: Global Healthcare Exchange; Lumere;

Author: Ambrogio Visconti