The Firm recently represented NeueHealth, Inc. in connection with its entry into a definitive merger agreement pursuant to which NeueHealth will be acquired by an affiliate of New Enterprise Associates at an enterprise value of approximately $1.3 billion. Upon completion of the transaction, NeueHealth will operate as a privately held company.
NeueHealth is a value-driven healthcare company grounded in the belief that all health consumers are entitled to high-quality, coordinated care. By uniquely aligning the interests of health consumers, providers, and payors, NeueHealth helps to make healthcare accessible and affordable to all populations across the ACA Marketplace, Medicare, and Medicaid. NeueHealth delivers high-quality clinical care to over 500,000 health consumers through owned clinics and unique partnerships with over 3,000 affiliated providers. It also provides independent providers and medical groups with performance-based arrangements through a suite of technology and services scaled centrally and deployed locally.
The Simpson Thacher team for the transaction included Atif Azher, Kristin Rulison, Jacob Gindt, Jack Traylor, William Lyoo and Julia Gleason (M&A); Brian Steinhardt, Benjamin Persina and Mari Zaldivar (Credit); William Brentani and Jonathan Kachiu (Capital Markets); Russell Light, Sophie Staples and Lina Pan (Tax); Tristan Brown, Ryan Stott and Abigail Janik (ECEB); Karen Kazmerzak, Kelly Karapetyan and Allison Davido (Antitrust); and Lori Lesser and Ron Ben-Yehuda (IP).