Weil Advised PSP Investments in the $4.1B Acquisition of Kindred Healthcare

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Weil advised Public Sector Pension Investment Board, as participant in a consortium of investors led by TPG Capital, Welsh, Carson, Anderson & Stowe and Humana, Inc., a provider of managed healthcare in the United States and Puerto Rico, in the consortium’s $4.1 billion take-private of Kindred Healthcare, Inc., a provider of healthcare services, including hospital, nursing center, rehabilitation, and care management. At the close of the deal Kindred was split into Kindred at Home, then-owned 40% by Humana and 60% by the financial sponsors, and Kindred Healthcare, then-owned 100% by the financial sponsors. Shortly thereafter Weil also advised PSP as a member of the consortium in the acquisition of Curo Health Services, a provider of hospice services, which it combined it with Kindred at Home.

The Weil team that advised PSP Investments was led by Private Equity partner Peter Feist and included Private Equity associates Benjamin Adelson and Adam Borenstein. The team also included Tax partner Kimberly Blanchard and Tax associate Lora Shub (Not Yet Admitted in New York).