The Firm is advising Blackstone in its announced $3.3 billion acquisition of the Pharmaceutical Technologies and Services (PTS) segment of Cardinal Health, Inc. The Cardinal Health PTS segment develops, manufactures and packages medication and other products for pharmaceutical and biotech firms, employs approximately 10,000 people and generates $1.8 billion in annual revenue.
The Simpson Thacher team working on this deal includes: Wilson Neely, Conan McIntyre, Nentcho Nentchev and Laurie Gay (M&A); Gary Mandel, Noah Beck and Sean Austin (Tax); Brian Robbins and Carl Berry (Employee Benefits); Alden Millard (Credit); Ed Tolley, Kathryn Gettles-Atwa and Lisia Leon (Capital Markets); Lori Lesser, Noah Leibowitz, Kirstie Howard, Scott Sukenick and Steven Liang (Intellectual Property); Fagie Hartman and Jacqueline Rosenblum (Labor); Krista McManus, Andrew Silverman and Aaron Rosenberg (Real Estate); Adeeb Fadil and Tim Mulvihill (Environmental); David Vann, Michael Naughton, and Jonathan Parker (Antitrust); Jonathan Youngwood, Elisa Alcabes and Eric Albert (Litigation); and Kathryn White and Amy Craiger (Paralegal).