WASHINGTON, D.C. (JANUARY 13, 2011) — McDermott Will & Emery LLP represented Munich Re’s subsidiary, Munich Health North America, Inc., as the buyer of Windsor Health Group, Inc. (Windsor), a U.S. Medicare provider and holding company that operates health plans in Tennessee, Arkansas, South Carolina, Mississippi, and Alabama.
The purchase price for the stock was $131 million.
Windsor operates government-sponsored health plans through its Windsor Health Plan, Inc. subsidiary, which provides specialty managed healthcare services in the senior segment to more than 75,000 members.
In 2008, Munich Re acquired Sterling Life Insurance Company (Sterling), a specialty health insurer for seniors operating in all 50 states in the United States. Windsor and Sterling together will offer services to a combined enrollment of more than 200,000 members across the United States.
McDermott partners Joel Michaels (Health) and Mark Harris (Corporate) headed the transaction while partner Sam Wales (Corporate) provided ongoing assistance throughout the entire transaction process. Among the many McDermott attorneys across multiple offices who were involved in completing this transaction by the end of calendar year 2010 were partners Peter Rich (Health), Cathy Scheineson (Health), Ankur Goel (Health) and associates Amy Kearbey (Health), Carla Hine (Antitrust), Elijah Hammans (Corporate), Jeremy Earl (Health) and Jiayan Chen (Health).
McDermott Will & Emery has one of the largest and most prestigious health law departments in the world. The Firm was recently ranked “Health Team of the Year” by Chambers USA.
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, the Firm has offices in Boston, Brussels, Chicago, Düsseldorf, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Rome, San Diego, Silicon Valley and Washington, D.C., and a close strategic alliance with MWE China Law Offices in Shanghai.