Hogan Lovells has advised long-standing client UnitedHealth Group (UHG) on the acquisition of medical services outsourcing specialist FrontierMEDEX from private equity house MML Capital Partners and the senior management of FrontierMEDEX for an undisclosed sum in a transaction that closed on 22nd December 2011.
UHG is a leading health care company, serving more than 75 million people across the globe. FrontierMEDEX provides medical, safety and security solutions worldwide.
The Hogan Lovells team advising UHG was led corporate partners John Basnage in London and Tim Aragon in Denver, supported by corporate associates Francesca Hazlett, Anthony Long and Jonathan Keyser. Tax support was provided by Karen Hughes and Kevin Ashman in London and David Leavitt in Denver. Additional specialist support was provided by Barbara Bennett, Carin Carithers, Angus Coulter, Aleksandar Dukic, T Weymouth, Louis Whitewright, Mac Macmillan and Erik Bukstein, among others.
This transaction comes in the wake of the sale of UHG’s UK primary care business in April 2011, and of its i3 global clinical development/research operations to InVentiv Health in June 2011, on which Hogan Lovells also advised.
Basnage says: "We are pleased to have advised long-standing client UHG on this important investment which shows that interest in private equity transactions has remained vibrant even during the economic downturn."
