Greenberg Traurig Represents Metropolitan Healthcare Networks, Inc. in its $403+ Million Acquisition of Continucare Corporation and the Related Acquisition Financing
MIAMI, FL (October 28, 2011) – 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 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.
The deal was announced in June 2011 and closed on October 4, 2011.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, full-service law firm with approximately 1800 attorneys serving clients from more than 30 offices in the United States, Latin America, Europe and Asia. In the U.S., the firm has more offices than any other among the Top 10 on The National Law Journal’s 2011 NLJ 250. In Mexico, the firm operates as Greenberg Traurig, S.C., and in the U.K., as Greenberg Traurig Maher LLP. Greenberg Traurig has a strategic alliance with the independent law firm, Studio Santa Maria with offices in Milan and Rome. The firm was Chambers and Partners’ USA Law Firm of the Year in 2007 and among the Top 3 in the International Law Firm of the Year at the 2009 The Lawyer Awards. For additional information, please visit www.gtlaw.com.
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