A multidisciplinary team of Goodwin lawyers advised Discovery Health Partners in its agreement to be acquired by MultiPlan Corporation (NYSE: MPLN) for about $155 million in cash. The transaction is expected to be completed by the end of Q1 2021, subject to satisfaction of closing conditions including customary regulatory approvals including expiration of the waiting period under the Hart-Scott-Rodino Act.
Discovery Health Partners’ mission is to deliver unique, actionable analytic insights and technology-powered solutions to help healthcare payers improve payment integrity, increase revenue optimization, and maximize efficiencies. The company works with about 80 healthcare payor customers in the Medicare Advantage, Medicaid and commercial markets to improve the integrity of their payment and revenue processes.
The Goodwin team was led by Dan Goldberg, Joshua Eisenson, Michael Gomez, Kristen Kennedy and Oren Stevens, and included Eric Willenbacher, Joshua Lake, Matthew Dunay, Robert Hale, Lee Douthitt, Sarah Bock, Brittany McCants, Rachel F. Smith, Paul Jin, Katherine Kissinger, Steven Argentieri, Roger Cohen, Nawa Lodin, Jacqueline Klosek, Ai Tajima and Nathan Brodeur.
For additional details on the acquisition, please read the press release.