Miami, Florida (PRWEB) November 08, 2012
International law firm Greenberg Traurig represented Metropolitan Health Networks (“Metropolitan”) and its shareholders, in connection with its definitive agreement to be acquired by Humana Inc. (“Humana”). Valued at $850 million plus transaction costs, the acquisition was announced today and is expected to close by the end of the first quarter of 2013. It will be financed by Humana with a combination of cash and debt, and Metropolitan stockholders will receive $11.25 per share in cash from Humana for each Metropolitan share.
Headquartered in Boca Raton, Fla., Metropolitan is a health care company that provides and coordinates comprehensive health care services for approximately 85,500 Medicare Advantage, Medicaid, and other beneficiaries, primarily in Florida utilizing a primary care-centric business model. It’s acquisition by Humana is a first step in Humana’s vision of expansion of its capabilities for its members.
Greenberg Traurig’s team, which was led by Corporate and Securities Shareholders David E. Wells in Miami and Bruce E. Macdonough and Brian H. Blaney in Phoenix, also included the following multi-office team: Corporate/M&A Shareholders Jaret L. Davis in Miami; Brian J. Gavsie in Fort Lauderdale; Clifford E. Neimeth in Phoenix; Kelly A. Terribile in Delaware; Stacey Gallant and Of Counsel Maury Bricks in Atlanta; Tax Shareholders Mindy B. Leathe in Miami and Harry J. Friedman in Fort Lauderdale; Healthcare Shareholders Sonya C. Penley and Michael J. Cherniga in Tallahassee; Litigation Shareholders Joseph C. Coates in Palm Beach North and Andrew G. Berg in Washington D.C.; Litigation Of Counsel Mary K. Marks in New York; Intellectual Property Shareholder David J. Dykeman in Boston and Labor and Employment Shareholder Erik S. Rodriguez in Atlanta. They were supported by Corporate/M&A Associates Ana M. Guzman in New York, Tanja L. Olano in Orange County, and Victor Semah in Miami; and Intellectual Property Associate Bethany A. Stokes in Boston.
Greenberg Traurig previously represented Metropolitan in its $403+ million acquisition of Continucare Corporation and the related acquisition financing, which at the time made Metropolitan the largest provider service network in Florida and one of the largest in the United States with over 68,000 Medicare Advantage and Medicaid customers.
Comprised of more than 350 lawyers in more than 30 offices, Greenberg Traurig’s Corporate and Securities/M&A Practice provides advice and services to public and privately held companies and entrepreneurs throughout the Americas, Europe, the Middle East, Asia, and Africa. The team brings together the strategic business, legal and market experience needed to manage and close the most complex transactions as well as provides practical counsel on day-to-day operations.
Click here for a press release by Humana and Metropolitan with additional information about this transaction.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1750 attorneys serving clients from 35 offices in the United States, Latin America, Europe, the Middle East and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2012 NLJ 250. For additional information, please visit http://www.gtlaw.com.