Kristian A. Werling

Overview

Kristian (Krist) Werling is co-chair of the Firm’s Life Sciences Practice. He represents biopharmaceutical manufacturers and health care service providers in a wide variety of transactional matters. He also represents private equity and venture capital investors in investments in the life sciences and health care industries. In this capacity, he works with cross-disciplinary teams to conduct legal due diligence and execute platform and add-on acquisitions and divestitures, as well as provide ongoing legal services to portfolio companies. In the health care services arena, Krist has particular experience with transactions and joint ventures involving ambulatory surgical centers, specialty hospitals, dermatology, pain management and anesthesia physician practices and dental practice management companies.

Results

Windrose Health Investors in the following acquisitions and divestitures:
- Acquisition and subsequent exit of Celerion, Inc., a global clinical research organization as well as the related add-on acquisition of Assign Clinical Research, a European clinical research organization headquartered in Vienna, Austria
- Medical Knowledge Group, a data-driven provider of medical communications, health care consulting and data analytics to biopharmaceutical companies
- Trumpet Behavioral Health, a provider of behavioral health services to children and adults with Autism Spectrum Disorder and developmental disabilities
- Lykan Biosciences, an outsource manufacturer for cell and gene therapies

Baxter International in the following transactions:
- Acquisition of a portfolio of hemostasis product lines from Mallinckrodt plc
- Strategic partnership with ScinoPharm Taiwan
- Acquisition of Chatham Therapeutics, a gene therapy company
- License and collaboration agreement with Merrimack Pharmaceuticals for the sale of ONIVYDE (irinotecan liposome), a pancreatic cancer drug outside of the United States
Baxalta in its global collaboration with Precision BioSciences
Wildcat Capital Management in its investment in Spring Fertility Management, a California-based fertility services provider
Pouschine Cook Capital Management in the following matters:
- Creation and investment in Golden State Dermatology Management, a provider of practice management services to dermatology practices in Northern California
- Acquisition of a controlling interest in Southern Dental Alliance, a multi-state provider of dental practice support services to dental practices
Calera Capital in the following acquisitions:
- United Dental Partners, a Chicago-based provider of dental practices services to dental practices
- Bay State Physical Therapy, a Massachusetts-based provider of physical therapy and chiropractic services
Ampersand Capital in the following acquisitions:
- Sanova Dermatology, a multi-practice dermatology practice services organization
- Canopy Biosciences including the simultaneous add-on of Zellkraftwerk GmbH
- Genome Diagnostics B.V., a Dutch provider of molecular diagnostic kits
PharmaLex GmbH, a portfolio company of AUCTUS Capital Partners, a Munich-based private equity fund, in multiple add-on transactions and financing-related issues
Quad-C Management in the following acquisitions:
- Pharm-Olam, a multi-national clinical research organization (CRO)
- New Jersey Retina, a large retinal surgery practice management organization
Neurovance, a company focused on developing a novel ADHD therapy, in its sale to Otsuka Pharmaceutical pursuant to which Otsuka paid US$100 million up front and up to US$150 million in potential milestone payments
Amulet Capital Partners in the formation and investment in Children’s Choice Dental, a California-based dental practice management organization
Enhanced Healthcare Partners in the following acquisitions:
- Multiple add-on acquisitions and related corporate and financing issues Prospira PainCare
- Eventus WholeHealth Management, a provider of professional services to senior living facilities
Probo Medical in its sale of a controlling interest to Varsity Healthcare Partners
Alpine Investors in the acquisition of Summit Dermatology Partners, a dermatology practice management organization
Chicago Pacific Founders in the formation of Pinnacle Dermatology Management and multiple add-on acquisitions
Frazier Healthcare Partners in the formation of United Digestive, a gastroenterology practice management organization
Advent International, a global private equity fund, in the due diligence of inVentiv Health, Inc., a global clinical research organization and commercial outsourcing provider
Aligned Modern Health, a chiropractic physical medicine, acupuncture and functional medicine provider in multiple financing rounds
Summit Partners in a variety of transactions in the health care industry, including its investment in AdvoServ, a behavioral services provider, the leveraged recapitalization and acquisition financing of Covenant Surgical Partners, a chain of ambulatory surgical facilities and the leveraged recapitalization of Patient Care Management (PCM), a provider of home health care services
OncoMed, an oncology-focused specialty pharmacy, in its sale to Pharmerica
H.I.G. in the US$790 million acquisition of Symbion, Inc., a national chain of ambulatory surgery centers by H.I.G. portfolio company, Surgery Partners

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Recognitions

The Legal 500 United States 2017 and 2018
LMG Life Sciences, Life Sciences Star, 2016, 2018
LMG Life Sciences’ 2015 “Collaboration Deal of the Year,” for representation of Baxalta in a global license and collaboration with Merrimack Pharmaceuticals
The M&A Advisor, Top 40 Under 40 Legal Advisors 2015

Community

American Health Lawyers Association, former chair of the Life Science Practice Group, and editor in chief of the second edition of The Fundamentals of Life Sciences Law: Drugs, Devices, and Biotech

Credentials

Education
Northwestern University J.L. Kellogg School of Management, MBA, 2010
University of Illinois College of Law, JD, magna cum laude, 2002
North Park University Chicago, BA, cum laude, 1999

Admissions
Illinois

Overview

Results

Recognitions

Community

Credentials

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