Davis Polk is advising Aetna Inc. in connection with its agreement to acquire Medicity, Inc. for approximately $500 million. The transaction is subject to customary closing conditions.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 35.4 million people with information and resources to help them make better informed decisions about their health care. Medicity is a health information exchange technology company headquartered in Salt Lake City, Utah.
The Davis Polk corporate team includes partner David L. Caplan and associates H. Oliver Smith, Patrick Delaney, Daniel R. Marx (not yet admitted) and John Chen (not yet admitted). The tax team includes partner Harry Ballan and associate William A. Curran. Partners Steven S. Weiner and Frank J. Azzopardi and associates Randy Samson and Aaron Justin Epstein are providing intellectual property advice. Partner Edmond T. FitzGerald and associates Ron M. Aizen and Julia Lapitskaya (not yet admitted) are providing benefits advice. Members of the Davis Polk team are based in the New York and Menlo Park offices.
