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:
http://ir.bioscrip.com/phoenix.zhtml?c=186952&p=irol-newsArticle&ID=1378248&highlight=
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:
Antitrust:
Peter M. Todaro (partner, Washington)
Brian R. Meiners (associate, Washington)
Corporate:
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)
Finance:
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)
Tax:
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
www.kslaw.com.
Contact Information: Contact:
King & Spalding
Les Zuke
212-827-4392
lzuke@kslaw.com