Latham Advises on Private Debt Financing for HSS and General Atlantic’s Acquisition of Legent Health

Hospital for Special Surgery (HSS), the nation’s top-ranked orthopedic hospital, is joining General Atlantic, a leading global investor, in its launch of a new, independently operated national platform of ambulatory surgery centers (ASCs) dedicated to delivering advanced, patient-centered orthopedic and spine outpatient care. To support the platform’s buildout, HSS and General Atlantic have also agreed to acquire Legent Health (Legent), a portfolio company of BTG Pactual Strategic Capital (Strat Cap). Legent is a leading operator of orthopedic and spine facilities, providing an immediate foundation for scale and growth.

Latham & Watkins LLP represented the financing sources supporting the acquisition with a team led by Stelios Saffos, Global Chair of Latham’s Capital Markets Practice, and partners Peter Sluka and John Lister, and associates Ellen Fischer and Paige Kelley with assistance from Kavitha Babu. Advice was also provided on healthcare matters by counsel Nicole Liffrig Molife, with associate Megan Lich; and on tax matters by partner Aaron Bernstein, with associate Katie Harrington and assistance from Ethan Lee.