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Latham Advises on Third-Party Minority Equity Investment and Holdco PIK Note and Unitranche Financings for Virgin Pulse and HealthComp’s Merger

September 29, 2023
Firm represents third-party minority equity investors as well as the holdco note purchasers and direct lenders in financings for the merger that will create a comprehensive employer health platform.

Virgin Pulse, a leading global digital-first health, wellbeing, and navigation company, has announced its intent to merge with HealthComp, a next generation benefits and analytics platform. The merger will create a technology and data powered health platform-as-a-service organization poised to tackle some of the industry’s biggest challenges. The combined entity will aim to improve health outcomes and lower costs for members and employers by empowering better information and decision making. By using an advanced technology and data platform that leverages AI, the combined organization will deploy innovative and flexible health plan designs that drive improved member health outcomes, engagement, and awareness across the most important aspects of a person’s healthcare journey.

Latham & Watkins represented third-party minority equity investors, as well as the purchasers of holdco PIK notes and direct lenders in a unitranche facility, the proceeds of which will be used to support the merger. The Latham team was led by New York partners Stelios Saffos, Peter Sluka, Nicole Fanjul, Corey Wright, and Sal Vanchieri, with associates Matthew DeSilva, Sam Chaturvedi, and Pio Lopez.