Wellsky’s $1.35 Billion CarePort Health

McDermott Will & Emery represented Allscripts Healthcare Solutions, while Ropes & Gray advised WellSky in the transaction.

Allscripts Healthcare Solutions, Inc., a healthcare information technology solutions company, executed its sale of its CarePort business to Wellsky, Inc., a global health and community care technology company. Wellsky is jointly owned by TPG Capital and Leonard Green & Partners.

The sale price is $1.35 billion. As part of the deal, CarePort’s customers and more than 200 employees will join WellSky.

William Blair and JPM Morgan acted as financial advisor to Allscripts Healthcare Solutions, Inc.

Boston-based CarePort is a care coordination software company that connects health care providers and payers, an increasingly important function as Medicare Advantage enrollment continues to soar and as the U.S. health care system steadily shifts away from fee-for-service models.

The McDermott team advising Allscripts Healthcare Solutions was led by John Tamisiea (Picture) and included Ann Marie Brodarick, Mike Abercrombie, Richard Tsay, Greg Metz, Dan Zucker, Jed Gordon, Allison Wilkerson, Brian Tiemann, Daniel Gottlieb, Jeremy Earl, Deepali Doddi, Anh Lee, Mark Bilut, Joel Grosberg, Adam Fischer and Brian Mead.

The Ropes & Gray team that represented WellSky was led by private equity partners Jay Freedman and Chau Le (both of San Francisco), and included private equity partner Michael Lee (Boston), tax partner Benjamin Rogers (San Francisco), mergers & acquisitions partner Matthew Jacobson (San Francisco), employment, executive compensation & benefits partner Douglas Brayley (Boston), data, privacy & cybersecurity partner Edward McNicholas(Washington D.C.), mergers & acquisitions counsel Erica Han (Boston), employment, executive compensation & benefits counsel Ellen Sueda (San Francisco), health care partner William Knowlton (Boston).

Involved fees earner: Michael Abercrombie – McDermott Will & Emery; Mark Bilut – McDermott Will & Emery; Ann Marie Brodarick – McDermott Will & Emery; Deepali Doddi – McDermott Will & Emery; Jeremy Earl – McDermott Will & Emery; Adam Fischer – McDermott Will & Emery; Edward Gordon – McDermott Will & Emery; Daniel Gottlieb – McDermott Will & Emery; Joel Grosberg – McDermott Will & Emery; Anh Lee – McDermott Will & Emery; Brian Mead – McDermott Will & Emery; Gregory Metz – McDermott Will & Emery; John Tamisiea – McDermott Will & Emery; Brian Tiemann – McDermott Will & Emery; Richard Tsay – McDermott Will & Emery; Allison Wilkerson – McDermott Will & Emery; Dan Zucker – McDermott Will & Emery; Douglas Brayley – Ropes & Gray; Jason Freedman – Ropes & Gray; Erica Han – Ropes & Gray; Matthew Jacobson – Ropes & Gray; William Knowlton – Ropes & Gray; Minh-Chau Le – Ropes & Gray; Michael Lee – Ropes & Gray; Edward McNicholas – Ropes & Gray; Benjamin Rogers – Ropes & Gray; Ellen Sueda – Ropes & Gray;

Law Firms: McDermott Will & Emery; Ropes & Gray;

Clients: Allscripts Healthcare Solutions; WellSky;

Author: Ambrogio Visconti