Ropes & Gray advised Welsh Carson Anderson & Stowe (WCAS) in its investment in U.S. Medical Management, LLC (USMM). WCAS made the investment through Valtruis, a new portfolio company focused on value based healthcare. It is the first investment Welsh Carson has made as part of its strategic arrangements with Rubicon Founders. The investor group of Valtruis, Rubicon and Oak HC/FT acquired a majority stake in USMM. Centene Corporation will retain a minority stake. Terms of the transaction were not disclosed. The transaction was announced on Nov. 3 in a press release.
USMM is a family of companies dedicated to providing high-quality, coordinated healthcare in the home. WCAS is a leading private equity firm focused on investing in technology and healthcare, primarily in the United States.
The Ropes & Gray team that advised WCAS was led by private equity partners Scott Abramowitz and Othon Prounis (both of New York), and included heath care partner Timothy McCrystal (Boston), tax partner Leo Arnaboldi III (Boston), litigation & enforcement partner John Bueker (Boston), employment, executive compensation & benefits partners Alexandra Alperovich (New York) and Matt Jones (Chicago) and employment, executive compensation & benefits counsel Stephanie Bruce (Boston).
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