Kirkland & Ellis LLP advised TA Associates, a leading global growth private equity firm, on its definitive agreement to invest, alongside GI Partners, in Netsmart Technologies, Inc., a leading healthcare software company delivering management process solutions and electronic medical records to the health and human services (HHS) and post-acute end markets. TA Associates and GI Partners, a current shareholder in Netsmart, will acquire the stake in Netsmart held by Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX). The transaction is expected to close in the fourth quarter of 2018 and is subject to customary closing conditions. Financial terms of the transaction were not disclosed.
Read more at the company press release.
The Kirkland team was led by corporate partners Adam Phillips, Sean Kramer and Ryan Jackson and associates Payson Lyman, Ziyad Ziyadzade, Brandon Knop and Matthew Hutchinson; and included tax partners Karen Lee and Devin Heckman; technology and IP transactions partner Vladimir Khodosh and associate Jerry Tower; and healthcare regulatory partners Dennis Williams and Chad Ehrenkranz.