Skadden, Arps, Slate, Meagher & Flom advised Centene Corporation on the deal.
Centene Corporation (NYSE: CNC) has signed a definitive agreement to acquire Apixio Inc., a healthcare analytics company offering Artificial Intelligence (AI) technology solutions. The transaction is subject to regulatory approvals and is expected to close by the end of 2020.
Apixio provides a technology suite that mines, compiles and analyzes large volumes of disparate, unstructured patient data (such as physician notes and medical charts), and creates and refines algorithms to extract high-quality insights to support payers’ and providers’ administrative activities. Apixio’s AI platform has been trained to handle the complexities and challenges of the healthcare industry and deliver proven results.
Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals.
The Skadden team advising Centene included M&A partners Jeremy London (Washington, D.C.; Picture) and Paul Schnell (New York), counsel Micah Kegley (Washington, D.C.), and associates Sean Turner (Washington, D.C.) and Keema Givens(Washington, D.C.); Executive Compensation and Benefits partner Erica Schohn (New York) and counsel Page Griffin (New York); Intellectual Property and Technology partner Jose Esteves (New York/Palo Alto); Labor and Employment Law partner David Schwartz (New York); and Tax partner Gavin White (New York).
Involved fees earner: Jose Esteves – Skadden Arps Slate Meager & Flom; Keema Givens – Skadden Arps Slate Meager & Flom; Page Griffin – Skadden Arps Slate Meager & Flom; Micah Kegley – Skadden Arps Slate Meager & Flom; Jeremy London – Skadden Arps Slate Meager & Flom; Paul Schnell – Skadden Arps Slate Meager & Flom; Erica Schohn – Skadden Arps Slate Meager & Flom; David Schwartz – Skadden Arps Slate Meager & Flom; Sean Turner – Skadden Arps Slate Meager & Flom; Gavin White – Skadden Arps Slate Meager & Flom;
Law Firms: Skadden Arps Slate Meager & Flom;
Clients: Centene Corporation;