The Firm represented Pamplona Capital Management in connection with the formation of a joint venture with Northwell Health to form Formativ Health, a new business offering comprehensive management services to assist physician practices, including tailored revenue cycle management solutions, patient access services, physician practice management and advisory services.
Formativ has a commercial and operational relationship with Pamplona-owned nThrive, the leader in Patient-to-PaymentSM revenue cycle management, for the delivery of services to employed physician groups and independent physicians. Northwell Health's employed physician group will be one of more than 400 existing customers of Formativ, which serves over 5,000 physicians.
Northwell Health is New York State's largest health care provider and private employer, with 21 hospitals and over 550 outpatient facilities. Pamplona Capital Management is a London and New York-based specialist investment manager established in 2005 that provides an alternative investment platform across private equity, fund of hedge funds and single manager hedge fund investments.
The Simpson Thacher team includes Jeongseok Jay Yu and Elizabeth Romefelt (M&A); Andrew Blau and Patricia Adams (Executive Compensation and Employee Benefits); Jason Vollbracht and Sophie Staples (Tax); and David Shevlin (Exempt Organizations).