Schulte represented Veritas Capital and its affiliates in their acquisition of GE Healthcare’s enterprise financial management, ambulatory care management and workforce management assets comprising its value-based care division for $1.05 billion in cash. Veritas is a leading private equity firm that has made the healthcare technology space a key area of focus. Harnessing data and analytics across hardware, software and biotech, GE Healthcare is the $19 billion healthcare business of GE. The transaction was announced on April 2, 2018 and closed on July 11, 2018.
The Schulte team that advised Veritas was led by M&A and securities partner Richard Presutti and M&A and securities associates Matthew Gruenberg and Evelyn Liristis. The team also included tax partner Kurt Rosell and associate Philip Cooke and finance partner Ronald Risdon and associate Nicholas DeLisa.