Kirkland & Ellis advised Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, on the acquisition of the healthcare data and analytics assets from IBM (NYSE: IBM) that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings. The transaction is expected to close in the second quarter of 2022 and is subject to customary closing conditions. Financial terms of the transaction were not disclosed.
The Kirkland team was led by corporate partners Michele Cumpston and Sean Kramer and associate Jacob Reichman, technology & IP transactions partner Vladimir Khodosh and associates Martin Schwertmann and Seth Pritchard, executive compensation partner Rohit Nafday, labor & employment partner Sydney Jones, tax partner Devin Heckman, debt finance partner Brian Ford, investment funds partner Justin Solomon, and healthcare partners Dennis Williams and Katie Sullivan.