WellCare Health Plans, Inc.’s $800 Million Acquisition of Universal American Corp.


Paul, Weiss represented healthcare insurer Universal American Corp. in its completed acquisition by WellCare Health Plans, Inc.

Under the terms of the acquisition, the completion of which was announced on April 28, Universal American stockholders received $10.00 in cash per share of common stock for a total transaction value of approximately $800 million.

The Paul, Weiss team included corporate partners Robert Schumer (Picture), Ariel Deckelbaum, John Kennedy and Lawrence Wee; employee benefits partner Lawrence Witdorchic; antitrust counsel Marta Kelly; litigation partners Aidan Synnott, Andrew Gordon and Rick Rule; tax partner David Sicular; intellectual property partner Chuck Googe; real estate partner Peter Fisch; and environmental counsel William O’Brien.

Involved fees earner: Robert Schumer – Paul Weiss Rifkind Wharton & Garrison; Ariel Deckelbaum – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Lawrence Wee – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison; Andrew Gordon – Paul Weiss Rifkind Wharton & Garrison; Charles Rule – Paul Weiss Rifkind Wharton & Garrison; David Sicular – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Peter Fisch – Paul Weiss Rifkind Wharton & Garrison; William O’Brien – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Universal American Corp.;

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Author: Ambrogio Visconti