Greenberg Traurig, a full-service international law firm, represented Metropolitan Health Networks, Inc. (NYSE AMEX: MDF) (“Metropolitan”) in its $403+ million cash and stock acquisition of Continucare Corporation (formerly NYSE: CNU) (“Continucare”), including Metropolitan’s procurement of $315 million of related acquisition financing from a syndicate of lenders led by GE Capital. The acquisition, which was announced in June 2011 and closed on October 4, 2011, makes Metropolitan the largest provider service network serving the Medicare and Medicaid eligible population in Florida, and one of the largest in the United States with over 68,000 Medicare Advantage and Medicaid customers.
Greenberg Traurig represented Metropolitan in the transaction, working closely with Morgan Joseph TriArtisan LLC, which served as financial advisor to Metropolitan. Greenberg Traurig’s team, led by David E. Wells, shareholder in the firm’s Corporate and Securities group, included Corporate/M&A Shareholders Brian Gavsie, Fort Lauderdale; Stacey Gallant, Atlanta; and Jason Simon, Tysons Corner; Tax Shareholders Mindy Leathe, Miami and Harry Friedman, Fort Lauderdale; Healthcare Shareholders Sonya Penley and Mike Cherniga, both in Tallahassee; Litigation Shareholders Joseph Coates, Palm Beach North and Andrew Berg, Washington D.C.; Intellectual Property Shareholder Manny Valcarcel, Miami; and Real Estate Shareholders Jonathan Perry, Orlando and Sean Bezark, Chicago. They were supported by Associates Bernie Grondin, Maury Bricks, Megan McCoy, Daniel Kahan, Aaron Diamond, Costell Walton, Jordan Taylor and Victor Semah in Corporate/M&A; Kelly Barnes, Healthcare and Eric Coffman, Real Estate.
Other parties involved include Akerman Senterfitt as legal advisor to Continucare, UBS Investment Bank and Barrington Research Associate, Inc. as financial advisors to Continucare and Paul Hastings, LLP as legal advisor to GE Capital.
