Ropes & Gray Advises Bain Capital in Merger of Zelis and RedCard
Ropes & Gray advised Bain Capital in connection with the merger of health care payments technology leaders Zelis Healthcare and RedCard Systems, which was completed on September 30th.
The combined company provides market-leading technology and solutions to over 700 payers and 600,000+ providers to price claims, pay claims and explain claims, all at enterprise scale on a claim-by-claim basis.
The merger was supported by Parthenon Capital, a growth-oriented private equity firm and an existing investor in both Zelis and RedCard, and by Bain Capital Private Equity and Bain Capital Ventures. Financial terms of the private transaction were not disclosed.
The Ropes & Gray team advising Bain Capital was led by private equity partner Charles Boer (Boston) and included private equity partners Dan Evans (New York) and Will Shields (Boston), tax partner Pamela Glazier (Boston), finance partner Byung Choi (Boston), health care partner Deborah Gersh (Chicago), data practice partner Ed McNicholas (Washington, D.C.), strategic transactions partner Michael Beauvais (Boston), IP transactions partner Megan Baca (Silicon Valley), benefits partner Renata Ferrari (Boston) and antitrust partner Jonathan Klarfeld (Washington, D.C.).