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Ropes & Gray Represents New Mountain Capital in its Acquisition of HealthComp

Practices: Private Equity, Mergers & Acquisitions, Finance, Tax, Executive Compensation & Employee Benefits, Employment, Health Care

Ropes & Gray represented New Mountain Capital in its acquisition of HealthComp Holding Company LLC, a leading independent Third Party Administrator of healthcare benefits for self-funded employers. Terms of the transaction, which was announced on Nov. 9, were not disclosed. The press release is here.

Founded in 1994 and headquartered in Fresno, California, HealthComp is the largest independent Third-Party Administrator of healthcare benefits in the U.S., serving more than 400,000 members in the self-funded employer industry. New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, public equity, and credit funds with $28 billion in assets under management.

The Ropes & Gray team that represented New Mountain Capital was led by private equity partner Garrett Charon, and included M&A and private equity partner John Sorkin, debt finance partner Arek Maczka, tax partner Adam Greenwood, employment, executive compensation & benefits partner Danna Kivell (all of New York), and health care partner Jennifer Romig (Chicago).

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