The Firm is representing Accellent Inc. in its definitive agreement to acquire Lake Region Medical. The merged business will be called Lake Region Medical. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the first quarter of 2014. Terms of the transaction were not disclosed.
Accellent is a leading provider of fully integrated outsourced manufacturing and engineering services to the medical device industry, primarily in the cardiology, vascular and the advanced surgical markets. Lake Region Medical is a privately held, Original Development Manufacturer (ODM) of minimally invasive devices and delivery systems to the cardiology and endovascular markets.
The Simpson Thacher team includes Gary Horowitz, Marni Lerner, Scott Naturman, Randy Benjenk, and Brian Novell (M&A); Adeeb R. Fadil and Noreen Lavan (Environmental); Noah Leibowitz and Alexander T. Key (IP); Tristan Brown and Thomas M. Asmar (ECEB); Nancy L. Mehlman and Jodi L. Sackel (Tax); James Cross (Credit); Joseph Kaufman, Justin Cooke and Lauren Shohat (Capital Markets); and Sara Y. Razi and Michael C. Naughton (Antitrust).