Goodwin Procter recently advised the senior management of GetWellNetwork, Inc. in the sale and rollover of their interests in the company and new equity incentive arrangements for the management team in connection with the acquisition of GetWellNetwork by private equity firm Welsh, Carson, Anderson & Stowe.
Based in Bethesda, Maryland, GetWellNetwork is the leading provider of solutions that help healthcare providers engage, educate and empower patients along the care continuum. The Company’s patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care™ to improve performance and patient outcomes. The GetWellNetwork solution is deployed in over 30,000 hospital beds nationwide and facilitates over seven million patient interactions per year. The company was founded in 2000 by CEO Michael O’Neil, Jr., based on his own experience as a cancer patient at age 28.
Welsh, Carson, Anderson & Stowe focuses its investment activity in two target industries, information/business services and healthcare. Since its founding in 1979, WCAS has organized 15 limited partnerships with total capital of $20 billion.
The Goodwin team advising on the deal included John LeClaire and Jay Sullivan (Private Equity), and included Howard Cubell and David Patton (Tax), Rob Hale (Labor/Employment), Scott Webster (Executive Compensation) and David Watson and Paul Verbesey (Private Investment Funds).
For more information, please see the press release from Welsh, Carson, Anderson & Stowe.