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Debevoise & Plimpton LLP

919 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 909 6000
Fax:
Fax +1 212 909 6836
Email:
Web:
www.debevoise.com

Andrew Bab

Tel:
Work 212 909 6323
Email:
Debevoise & Plimpton LLP

Work Department

Mergers & Acquisitions, Corporate Governance, Healthcare


United States: Industry focus

Healthcare: life sciences

Within: Healthcare: life sciences

Debevoise & Plimpton LLP's practice is co-headed by corporate lawyer Andrew Bab and Kevin Rinker, litigators Maura Monaghan and Marc Goodman and FDA regulator Paul Rubin, who is based in Washington DC. The practice prepared a report on medical device cybersecurity in collaboration with the Medical Device Innovation Consortium (MDIC) Steering Committee, which included FDA officials and representatives from large medical device manufacturers. The client portfolio also includes GlaxoSmithKline and Merck. Antitrust litigator Ted Hassi joined from O'Melveny & Myers LLP in July 2018. Named individuals are based in New York unless otherwise indicated.

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Healthcare: service providers

Within: Healthcare: service providers

Debevoise & Plimpton LLP's healthcare team, which is led out of New York and Washington DC, provides a broad range of legal services, including corporate, M&A, litigation and white-collar defense, regulatory compliance, private equity financing and capital markets, as well as intellectual property and data privacy law. John Gleeson and Maura Monaghan defended EmblemHealth in a False Claims Act-related qui tam lawsuit initiated by realtors in the New York Supreme Court. On the transactional side, Kevin Rinker led for Hospital Corporation of America on its $1.5bn asset acquisition of Mission Health, while Andrew Bab represented a consortium consisting of TPG Capital, Welsh, Carson, Anderson & Stowe and Humana in its $4.1bn purchase of Kindred Healthcare. Transactional antitrust and trial lawyer Ted Hassi joined the Washington DC office from O'Melveny & Myers LLP in July 2018. All other mentioned attorneys are based in New York.

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United States: M&A/corporate and commercial

Private equity buyouts

Within: Private equity buyouts

Debevoise & Plimpton LLP has 'a very high quality practice', most notably in the healthcare, financial services, insurance, technology, media and telecoms sectors. The team is 'responsive and commercially adept', 'balances the business objectives of clients while being realistic about likely exposures, threats and issues, and has a proven track record of creatively designing structures and solutions'. The firm is consistently recognized for its private equity funds formation department, which has proved fundamental to the build-out of its client portfolio and the success of the buyouts practice. Additional strength in leveraged finance, employee benefits, executive compensation, tax, litigation and deep regulatory knowledge is key to the team's performance. Clients include Blackstone, Canada Pension Plan Investment Board, The Carlyle Group, Cerberus Capital Management, Kelso & Co, Providence Equity Partners, Temasek and long-term anchor client Clayton, Dubilier & Rice (CD&R). Paul Bird is a senior figure within the sector, known for advising the likes of CD&R and Carlyle; he led the team that advised CD&R on its purchase of New York-listed Ply Gem Holdings through a $2.4bn take-private transaction. Kevin Schmidt is 'outstanding', 'a thoughtful business adviser', 'technically sharp', 'has a no-nonsense approach', 'is someone who looks to get the deal done by protecting the client's interests but focusing on what matters' and is 'thoughtful, energetic and responsive': he led the team that advised CF Corporation and Blackstone on the $1.83bn all-cash acquisition of Fidelity & Guaranty Life. Kevin Rinker has a notably strong record in healthcare deals and 'doesn't need to win every point just for the sake of it, but rather focus on what is most important'. Andrew Bab is a leader in healthcare deals and led the team that advised a consortium featuring TPG Capital and Welsh, Carson, Anderson & Stowe (WCAS) on its $4.1bn acquisition of Kindred Healthcare, resulting in Kindred to operate as a standalone company with Humana owning 40% and TPG and WCAS taking a 60% share; Kindred’s LTAC hospitals, IRFs and contract rehabilitation services businesses became a separate specialty hospital company owned by TPG and WCAS. Gregory Gooding is 'very smart and pragmatic' and recommended for financial services deals. Jennifer Chu and Uri Herzberg are emerging names, as is Christopher Anthony, who was promoted to partner in 2018.

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Legal Developments by:
Debevoise & Plimpton LLP

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