PharMerica’s Combination With BrightSpring


Simpson Thacher is representing PharMerica Corporation (“PharMerica”) and KKR in connection with the strategic combination of BrightSpring Health Services and PharMerica.

The transaction is subject to regulatory approval and customary closing conditions, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act. It is expected to close in the first quarter of 2019.

PharMerica is a leading provider of pharmacy services. The company serves the long-term care, hospital pharmacy management services, specialty home infusion and oncology pharmacy markets.

BrightSpring is one of the largest providers of diversified home and community-based health services to complex populations.

The combined enterprise will be owned by KKR, with an affiliate of Walgreens Boots Alliance, Inc. as a minority investor.

The Simpson Thacher team includes Mark Pflug (Picture), Ravi Purushotham and Matt Gabbard (M&A); Adam Shapiro and Dennis Durkin (Credit); David Rubinsky, Caitlin Lucey and Tatiana Meija-Uribe (Employee Benefits and Executive Compensation); Rob Holo and Sophie A. Staples (Tax); Peter Guryan and Richard Jamgochian (Antitrust); Genevieve Dorment (Intellectual Property); Adeeb Fadil and Noreen Lavan (Environmental); and Krista McManus (Real Estate).

Involved fees earner: Genevieve Dorment – Simpson Thacher & Bartlett; Dennis Durkin – Simpson Thacher & Bartlett; Adeeb Fadil – Simpson Thacher & Bartlett; Matthew Gabbard – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Richard Jamgochian – Simpson Thacher & Bartlett; Noreen Lavan – Simpson Thacher & Bartlett; Caitlin Lucey – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Tatiana Mejia-Uribe – Simpson Thacher & Bartlett; Mark Pflug – Simpson Thacher & Bartlett; Ravi Purushotham – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Adam Shapiro – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR; PharMerica Corporation;

Author: Michael Patrini