Simpson Thacher Represents CEO and Founder of Sound Physicians on the deal
Fresenius Medical Care (NYSE:FMS; ETR:FRE) finalized the sale of its controlling interest in Sound Inpatient Physician Holdings in a deal worth approximately $2.2 billion (EU €1.8 billion).
The company said it is divesting its holdings in Sound to a consortium led by Summit Partners.
Fresenius became a majority shareholder in Sound in 2014, just before the company acquired Cogent Healthcare. T
Last year, Sound reported revenues of approximately $1.5 billion (EU €1.3 billion) and an EBIT of approximately $110 million (EU €90 million) with a workforce of approximately 3,500 individuals.
Simpson Thacher is representing the CEO and Founder ( Robert A. Bessler) of Sound Inpatient Physicians Holdings, LLC with a team including Gregory Grogan and Eric Wolf (ECEB)
Law Firms: Simpson Thacher & Bartlett;
Clients: Robert Bessler;