The Firm represented Adeptus Health Inc. in connection with the public offering of 2,415,000 shares of Adeptus Health’s Class A common stock. Proceeds from the offering of approximately $154 million in the aggregate were received by certain of the company’s existing shareholders either through a direct sale by the shareholder or equity repurchase by the company. The offering closed on May 11, 2015.
Adeptus Health, a Sterling Partners portfolio company, owns and operates First Choice Emergency Room, the largest network of independent freestanding emergency rooms in the United States.
The Simpson Thacher team included Joseph Kaufman, Arjun Koshal, Alexander Coedo, Joongwon Park and Andrew Hwang (Capital Markets); Jennifer Nadborny and Ellen Smiley (Public Company Advisory Practice); Marcy Geller, Noah Metz and George Davis (Tax); David Rubinsky and Douglas Tang (Executive Compensation and Employee Benefits); Michael Isby (Environmental); and Andrew Pagliughi (Blue Sky).