Paul Hastings, a leading global law firm, announced today that the firm represented GE Healthcare, a unit of General Electric Company (NYSE: GE), in connection with the sale of GE Healthcare Strategic Sourcing, a leading provider of electronic billing and electronic medical records outsourcing solutions to the healthcare industry, to The Gores Group, a leading Los Angeles-based investment firm.
Terms of the transaction, which was led by The Gores Small Capitalization Partners, were not disclosed.
M&A partner Thaddeus Malik and of counsel Richard Radnay led the Paul Hastings team, which also included associate Matthew Stoker.
