Ropes & Gray Represents Welvie in Sale to Paradigm
Ropes & Gray advised leading health care decision support company Welvie in the sale to Paradigm, an accountable specialty care management organization for catastrophic and complex health care challenges. The acquisition of Welvie closed on January 27. Financial terms of the transaction were not disclosed. Welvie will operate as a separate business unit within the Paradigm enterprise.
Welvie's online shared decision-making programs My Surgery (surgery), My Life Letters (advance care planning), and My Immunity Score (building stronger immunity health) help people work with their doctors to become more informed and engaged in their health. Welvie programs have been implemented nationwide by health plans, large employers, and government agencies.
The Ropes & Gray team included private equity partners Tim Castelli and Neill Jakobe and private equity associate Andrew Pomranke as well as employment & benefits partners Stephanie Bruce and Jen Cormier, tax partner Aaron Harsh, health care partners Deborah Gersh and Jennifer Romig, tax counsel Sam Duncan, IP transactions counsel Thomas Burke, data, privacy & cybersecurity counsel Kevin Angle, private equity counsel James Kaplan and litigation & enforcement counsel Steve Kaye.