Ropes & Gray Represents Centerbridge Partners and CDPQ in its Agreement to Acquire Medical Solutions
Ropes & Gray represented Centerbridge Partners LLC and Caisse de dépôt et placement du Québec (CDPQ) in its agreement to acquire Medical Solutions from TPG Growth. Terms of the transaction were not disclosed. The transaction was announced on Aug. 30. The press release is here.
Centerbridge Partners, L.P. is a private investment management firm with approximately $31 billion in capital under management. CDPQ is a global investment group with total net assets of CAD 390 billion. Medical Solutions specializes in placing quality travel nurses, allied healthcare professional and non-clinical professionals in contingent as well as permanent positions for hospitals, clinics and long-term care facilities throughout the United States.
The Ropes & Gray team that represented Centerbridge and CDPQ was led by private equity partners Neill Jakobe (Chicago) and Scott Abramowitz (New York), and included private equity associate Annie Sipe (Boston), employment, executive compensation & benefits partner Jennifer Cormier (Boston), litigation & enforcement partner Timothy Farrell (Chicago), health care partner Timothy McCrystal (Boston), tax partner Aaron Harsh (Boston), tax counsel Alyssa Kollmeyer (Boston), mergers & acquisitions counsel Thomas Burke (New York) and litigation & enforcement counsel Steven Kaye (Boston).