Ropes & Gray Advised on $3.9 Billion Select Medical Take-Private Merger Agreement

Ropes & Gray represented Welsh, Carson, Anderson & Stowe as a leading member of a consortium that has agreed to acquire all outstanding shares of Select Medical Holdings Corporation (NYSE: SEM), one of the largest operators of critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States based on number of facilities. The merger consideration represents an enterprise value of $3.9 billion and was announced on March 2 in a press release.

The Ropes & Gray team was led by private equity partner Scott Abramowitz and capital markets partner Craig Marcus and included health care partner Brett Friedman and counsel Lauren Biggs, finance partner Nichole Lopez-Tackett, litigation & enforcement partners David Hennes, Noah Yavitz, and Chris Conniff, tax partners Adam Greenwood and David Saltzman, IP transactions partner Regina Sam Penti, executive compensation & employee benefits partner Allie Alperovich and employment partner Megan Bisk.