McGuireWoods, a leading law firm for healthcare and life sciences transactions, guided an affiliate of Essen Health Care on the acquisition of key technology and assets of Vesta Healthcare, a provider of caregiver-connected virtual care and care coordination services.
Essen is an integrated, multispecialty healthcare delivery organization providing accessible care to underserved residents across New York. The transfer of Vesta’s proprietary technology, clinical infrastructure and associated assets to Essen affiliate Intention Healthcare is intended to deliver a connected, technology-enabled model that improves outcomes, reduces hospitalizations and strengthens support for caregivers. The deal will align caregivers, clinicians and patients across diverse populations in New York, New Jersey, Massachusetts, Pennsylvania, Ohio, Nebraska, Texas and other states.
The McGuireWoods team included partners Stephen Older, Robin Cooke Vance, and Mindy M. Sauter; counsel Felix Saratovsky; and associates Allyson M. Maur and Spencer Park.
“We were pleased to assist Essen in this strategic transaction, which advances the company’s goal of helping more patients achieve better outcomes,” said Older, co-leader of McGuireWoods’ Capital Markets Practice Group.
McGuireWoods consistently ranks among the leading law firms for advising clients in U.S. and global M&A deals in league tables published by the London Stock Exchange Group and Mergermarket. In addition, the firm has earned numerous honors, including a nationwide ranking in Chambers USA, for representing hospitals and other healthcare institutions in major corporate transactions, as well as regulatory and compliance matters.