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Simpson Thacher Highlighted in Law360 for Successful Close of Change Healthcare/UnitedHealth Combination Following Antitrust Victory
11.30.22
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Simpson Thacher was highlighted in Law360’s Sealing the Deal series in an article titled, “4 Firms, 2 Years, 1 Suit And, Finally, A Done UnitedHealth Deal,” which quoted Partners Eric Swedenburg, Sara Razi, Jonathan Corsico and Preston Miller. The profile detailed the Firm’s role in the successful closing of client Change Healthcare’s $13.8 billion combination with the Optum business unit of UnitedHealth Group, following a high-profile antitrust victory against the DOJ. The article detailed how the Firm’s M&A and antitrust partners worked in tandem from the very beginning, given the deal’s potential antitrust implications. The article further explained how the antitrust overlay impacted the team’s approach in announcing the deal and seeking regulatory approval. The article highlighted how the teams worked together to implement a divestiture and the strategies utilized to successfully beat back the DOJ’s theories on potential harm. Law360 noted that the deal closed quickly after Judge Nichol’s 58-page favorable ruling, which came just 11 days after closing arguments.
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