LAWFUEL- The Law News Wire – Davis Polk & Wardwell is advising Aetna Inc. on its proposed acquisition of Schaller Anderson, Incorporated, a leading provider of health care management services for Medicaid plans. Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 34.9 million people with information and resources to help them make better informed decisions about their health care.
According to the terms of the transactions, Aetna will acquire Schaller Anderson for approximately $535 million in cash. The transaction is subject to customary closing conditions, including federal Hart-Scott-Rodino antitrust regulatory approval, and is expected to close during the third quarter of 2007.
The Davis Polk corporate team includes partners David L. Caplan and Marc O. Williams and associates Tal S. Eliasaf (not yet admitted in New York) and Fabian Dietz (not yet admitted in New York). Partner Harry Ballan and associate Raymond J. Holst are providing tax advice. Partner Edmond T. FitzGerald is providing employment advice. Counsel Loyti Cheng and associates Heather M. Daly and Marie-Christine Eldridge are providing environmental advice. Associate Matthew J. Bacal is providing intellectual property advice. All members of the Davis Polk team work in the New York office