HCA Healthcare’s Acquisition of a Majority Stake in Brookdale Health Care Services

Debevoise & Plimpton LLP advised HCA Healthcare on the deal.

HCA Healthcare executed its acquisition of a majority stake in Brookdale Health Care Services (“BHS”), the home health, hospice and outpatient therapy business of Brookdale Senior Living Inc. (NYSE: BKD) (“Brookdale”). Brookdale has agreed to sell 80% of the equity in BHS to HCA Healthcare for a purchase price of $400 million, which implies a $500 million value for BHS. Brookdale will retain a 20% equity interest in the venture with HCA Healthcare. 

HCA Healthcare is one of the nation’s leading providers of healthcare services comprising more than 2,000 sites of care in 20 states and the United Kingdom. As a learning health system, HCA Healthcare uses its more than 35 million annual patient encounters to advance science, improve patient care and save lives. Brookdale will join HCA Healthcare’s network of care through this venture.

The Debevoise team was led by M&A partners Jennifer Chu (Picture) and Kevin Rinker, and included counsel Molly Stockley and David Iozzi and associates David Becker, Marisa Demko, Margaret Howard, Kim Le, Dominique Trudelle and Kirstie Yu, benefits partner Jon Lewis and associates Simone Hicks and Zain Kazmi, intellectual property counsel Judith Church and insurance counsel Michael Devins.

Involved fees earner: David Becker – Debevoise & Plimpton; Jennifer Chu – Debevoise & Plimpton; Judith Church – Debevoise & Plimpton; Marisa Demko – Debevoise & Plimpton; Michael Devins – Debevoise & Plimpton; Simone Hicks – Debevoise & Plimpton; David Iozzi – Debevoise & Plimpton; Zain Kazmi – Debevoise & Plimpton; Kim Le – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Kevin Rinker – Debevoise & Plimpton; Molly Stockley – Debevoise & Plimpton; Dominique Trudelle – Debevoise & Plimpton; Kirstie Yu – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: HCA Healthcare Inc;

Martina Bellini

Author: Martina Bellini