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Latham & Watkins Advises Trustmark in Sale of Health Benefits to Health Care Service Corporation

August 11, 2022
Multidisciplinary deal team represents the national employee benefits provider.

Health Care Service Corporation (HCSC) and Trustco Holdings, Inc. (Trustmark) have announced that they have signed a definitive agreement for HCSC to purchase Trustmark’s wholly owned subsidiary, Trustmark Health Benefits, which is a leading third-party administrator of health benefits. The transaction will provide HCSC with additional capabilities to serve a broader set of customers seeking customizable and flexible health benefit solutions.

Latham & Watkins LLP represents Trustmark in the transaction with a corporate deal team led by Chicago partners Bradley Faris and Max Schleusener, with associates Kevin Uhler, Andrew James, and Shenu Reddy. Advice was also provided on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associates Matthew Snyder and Lyle Stewart; on healthcare and life sciences regulatory matters by Washington, D.C. partner Stuart Kurlander, Bay Area partner Heather Deixler, and Bay Area counsel Betty Pang, with associate Margaret Rote; on real estate matters by Chicago counsel Jeffrey Anderson, with associate Joanna Kamhi; on environmental matters by Los Angeles counsel Joshua Marnitz, with associate Nick Eberhart; on antitrust matters by Washington, D.C. partner Amanda Reeves and Washington, D.C. counsel Patrick English, with associate Kristen Previto; on tax matters by Chicago partner Diana Doyle, with associates Pierce Pandolph and Eni Kassim; on benefits and compensation matters by Chicago partner Benjamin Rosemergy, with associates Juliet Rognlie and Victoria Wolfe; on regulatory insurance matters by New York partners Gary Boss and Analisa Dillingham; on transactional insurance matters by Los Angeles partner Drew Levin; and on litigation matters by Chicago partner Robert Collins.