SOURCE: King & Spalding

King & Spalding, a leading international law firm

January 25, 2010 10:37 ET

King & Spalding Advises BioScrip in $343 Million Health Service Acquisition

NEW YORK, NY--(Marketwire - January 25, 2010) - King & Spalding, a leading international law firm, advised BioScrip, Inc. in its definitive agreement to acquire Critical Homecare Solutions (CHS), a leading provider of home infusion and home health agency services to patients suffering from chronic and acute medical conditions.

Under the terms of the agreement, BioScrip will pay an aggregate of $343.2 million through a combination of cash, stock and the assumption of debt. The company will also issue 3.4 million warrants with a $10 exercise price and five-year term to CHS shareholders. The combination of BioScrip and CHS will create an industry leading provider consisting of specialty pharmacy, home infusion and home health care services with 110 locations nationwide.

For more information on the transaction, click here:

BioScrip, Inc. is a specialty pharmaceutical healthcare organization that partners with patients, physicians, healthcare payers and pharmaceutical manufacturers to provide access to medications and management solutions to optimize outcomes for chronic and other complex health care conditions.

Barry A. Posner, executive vice president, secretary and general counsel of BioScrip, oversaw the legal aspects of the transaction for his company. The King & Spalding legal team representing BioScrip in the matter was led by corporate partner E. William Bates, II, of the firm's New York office. Other members of the team were the following:

Peter M. Todaro (partner, Washington)
Brian R. Meiners (associate, Washington)

Adam M. Freiman (partner, New York)
Kathleen S. Minniti (counsel, New York)
C. Spencer Johnson, III (associate, Atlanta)
Monika Roth (associate, New York)
Vanessa Witt (associate, New York)

Gerald T. Woods (partner, New York)

Business Litigation:
Ann M. Cook (partner, New York)
Peter G. Golden (counsel, Atlanta)

Intellectual Property:
Keith E. Sharkin (partner, New York)
Emily B. Brown (associate, New York)

John K. Sweet (partner, New York)
Robert G. Woodward (partner, Atlanta)
Donald S. Kohla (partner, Atlanta)
Jan G. Marsh (consultant, Atlanta)
Heather C. Moore (consultant, Atlanta)

About King & Spalding

Celebrating 125 years of service, King & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London, New York, Paris, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and, according to a Corporate Counsel survey in August 2009, ranks fifth in its total number of representations of those companies. For additional information, visit

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