January 10, 2005
The “Big Deals” column of the January edition of The American Lawyer highlights Select Medical Corporation’s recent agreement to merge with a new company formed by an investment group.
The “Big Deals” column of the January edition of The American Lawyer highlights Select Medical Corporation’s recent agreement to merge with a new company formed by an investment group led by private equity houses Welsh, Carson, Anderson & Stowe and Thoma Cressey Equity Partners in a deal valued at $2.3 billion. The American Lawyer notes that Willkie partners Frank Daniele and William Grant, and associate David Kurzweil advised the controlling management shareholders, including Select's Executive Chairman Rocco A. Ortenzio and Select's CEO and President Robert A. Ortenzio, on this transaction. Willkie is also recognized for having represented the underwriters of previous Select financings. Select Medical Corporation is a leading operator of specialty hospitals, operating 83 long-term acute care facilities in 25 states. Upon completion of the proposed merger, which is expected in the first quarter, Select will become a privately held company and a wholly owned subsidiary of EGL Holding Company.