Squire Patton Boggs lawyers were involved in five separate deals that were named among the 10 most interesting healthcare transactions of 2015 by Becker’s Hospital Review.
Acting on behalf of the New York City-based hedge fund, BlueMountain Capital Management, Squire Patton Boggs served as counsel in connection with the financing of a transaction in which the Daughters of Charity Health System (DCHS) transferred management of six hospitals to Integrity Healthcare, a subsidiary of BlueMountain. The complex transaction featured BlueMountain contributing US$100 million of capital and arranging US$160 million of debt financing for the Daughters of Charity system and creating a new company, Integrity Healthcare, to manage the six-hospital system, known now as Verity Health System of California. The transaction was approved by California Attorney General Kamala Harris on December 3, 2015, and closed two weeks later on December 14. The Squire Patton Boggs team was led by San Francisco partner Robyn Helmlinger, with Karol Denniston, Guy Guinn, Ed Sinick, Patrick Burke, Robert Nauman and John Wyand.
In a separate transaction, Squire Patton Boggs provided antitrust review on behalf of Barnabas Health in its definitive agreement to merge with the Robert Wood Johnson Health System, creating New Jersey’s largest health care system and one of the largest in the US. Expected to close in 2016, it will be known as RWJ Barnabas Health. The Squire Patton Boggs team was led by the co-head of the firm’s Antitrust & Competition Practice Group Mark Botti, with Anthony Swisher, Jessica VanDerMiller, Christopher Gordon, and Peter Alfano.
Squire Patton Boggs also played a role in three of the other mentioned transactions in the Becker’s list.