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Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms, hedge funds, financial advisors and other financial institutions and investors on their most important merger, acquisitions and takeover transactions.

Universal American to Be Acquired by WellCare

Paul, Weiss client Universal American Corp. announced that it will be acquired by WellCare Health Plans, Inc. in an all cash transaction valued at $10.00 per share of common stock. With the retirement of Universal American's preferred shares and its convertible debt, the transaction is valued at approximately $800 million. WellCare, based in Tampa, Florida, provides government-sponsored managed care services. Universal American provides health benefits to people covered by Medicare through its family of healthcare companies.

The Paul, Weiss team included corporate partners Robert Schumer, Ariel Deckelbaum, Lawrence Wee and John Kennedy; employee benefits partner Lawrence Witdorchic; litigation partners Aidan Synnott and Rick Rule; tax partner David Sicular; intellectual property partner Chuck Googe; real estate partner Peter Fisch; antitrust counsel Marta Kelly; and environmental counsel William O'Brien.

November 17, 2016

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