Manatt advised CVS Health in its acquisition of Centene’s IlliniCare Health Plan

Manatt represented CVS Health Corporation, a Fortune 100 Corporation, in the acquisition of Centene Corporation’s Illinois health plan subsidiary, IlliniCare Health Plan, Inc. The firm handled most aspects of the deal, including corporate and regulatory due diligence, negotiation of the stock purchase agreement and ancillary contracts, regulatory approvals and other key elements of the transaction.

The deal team was led by Manatt Health partner Robert Belfort and corporate and finance partner Scott Schwartz. The deal team also included employment and labor partner Sharon Bauman; tax, employee benefits and executive compensation partners David Herbst and Robert Duran; real estate and environment counsel Matthew Dombroski; corporate and finance associat,e Ben Ryzak; and healthcare transactional associate, Nioura Ghazni on transactional matters. Manatt Health partner Steve Chiu and Manatt Health associates Alexander Dworkowitz, Michael Herrmann and Christopher Rundell advised on healthcare regulatory matters.

Client

CVS Health

Service Type

Healthcare Finance, Medicaid, Mergers & Acquisitions

Industry

Healthcare, Insurance & Managed Care, Pharmaceutical Manufacturers & Distributors