The firm is representing McKesson Corporation in its cash acquisition of Per-Se Technologies, Inc. McKesson is a Fortune 16 healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes and improving the quality and safety of patient care. Per-Se Technologies is a leading provider of financial and administrative healthcare solutions for hospitals, physicians and retail pharmacies.
In total, including Per-Se’s outstanding debt, the transaction is valued at approximately $1.8 billion. The transaction was announced on November 6, 2006 and is expected to close in the first quarter of 2007.
The Simpson Thacher team includes Rob Spatt, Bill Curbow, Eric Swedenburg, Thad Glowacki, Mark Bussey and Anne Buckman (M&A); Alvin Brown and Aimee Adler (Benefits); Lori Lesser, Mark Solomon and Brian McCloskey (Intellectual Property); Steven Todrys, Noah Beck and Shari Silverman (Tax); Aimee Goldstein and Ketan Jhaveri (Antitrust); Michael Chepiga and George Wang (Litigation); Marissa Wesely (Credit); and Richard Fenyes (Securities).