Ropes & Gray represented New Mountain Capital and its portfolio company, HealthComp, a benefits and analytics platform, in entering into a definitive agreement to combine HealthComp with Virgin Pulse, a leading digital health, wellbeing and navigation company. The combination will create the first national value-based care platform company focused on employee health and outcomes. Terms of the agreement were not disclosed and the deal was announced on September 27.
New Mountain Capital is a New York-based investment firm and currently manages private equity, credit and net lease investment strategies with over $45 billion in assets under management. HealthComp, a health benefits administrator has offices in California, Illinois, Kentucky, West Virginia, Louisiana, and Pennsylvania.
The Ropes & Gray team was led by private equity partners Garrett T. Charon and Todd B. Kornreich, and included private equity partner John Sorkin, finance partners Stefanie Birkmann and Arek Maczka, healthcare partner Jennifer Romig, data, privacy & cybersecurity partner Ed McNicholas, executive compensation & employee benefits partners Danna Kivell and Pascal Mayer, labor & employment partner Stephanie Bruce, tax partners Adam Greenwood and Alyssa Kollmeyer, litigation and enforcement partners Samer Musallam and Ama Adams, IP transactions partner Jordan Altman, and environmental, social & governance partner Michael Littenberg.
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