Ropes & Gray Represents CHP Merger Corp. in Merger With Accelus
Ropes & Gray represented CHP Merger Corp., a special purpose acquisition company, or SPAC, formed by an affiliate of Concord Health Partners, in its merger with Integrity Implants Inc. (Accelus). The pro-forma enterprise value of the business combination would be approximately $482 million. The deal was announced on Nov. 15 in a press release.
Accelus is a commercial stage medical technology company with a mission to accelerate the adoption of minimally invasive surgery as the standard of care in spine. Concord Health Partners is a healthcare private equity firm that invests in growth stage companies with innovative technologies that advance healthcare through lower costs, higher quality and expanded access to care.
The Ropes & Gray team that represented CHP Merger Corp. was led by corporate partner Carl Marcellino (New York), and included capital markets partners Christopher Capuzzi and Paul Tropp (both of New York), health care partner Michael Lampert, IP transactions partner Regina Sam Penti and tax partner Elaine B. Murphy (all of Boston), life sciences, regulatory & compliance partner Kellie Combs and real estate counsel Annise Maguire (both of Washington, D.C.), corporate associates Jessica Cooney (New York) and Garrett Miller (Boston), and employment, executive compensation & benefits associate Pascal Mayer (New York).