May 19, 2021
Appriss Health, a leader in cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, backed by Clearlake Capital Group, LP (together with its affiliates, Clearlake) and Insight Partners, has announced the completion of its acquisition of PatientPing, a leader in care coordination data and software solutions focused on patients with complex needs, and senior care. The transaction valued the combined company at over US$1.5 billion.
Latham represented Carlyle Global Credit in a credit facility in connection with the acquisition financing with a banking team led by Los Angeles partner Jason Bosworth, Bay Area partner Haim Zaltzman, and Los Angeles partner Jeff Senac, with Los Angeles counsel Emily Leong Yu, Bay Area associate Katherine Page, and Los Angeles associates Hai Pham and Jeff Najjar. Advice was also provided on tax matters by Los Angeles/Orange County partner Sam Weiner, with Houston associate Mike Rowe; on corporate matters by Los Angeles counsel Jia Jia Huang, with Los Angeles associate Nicole Nour; and on benefits and compensation matters by Chicago partner Robin Struve.
Latham also represented funds managed by the credit group of Ares Management Corporation as the lead investors on a preferred equity investment in connection with the acquisition financing with a banking team led by Los Angeles partners Jason Bosworth and Jeff Senac, with Los Angeles associates Hai Pham and Jeff Najjar. Advice was provided on tax matters by Los Angeles/Century City partner Pardis Zomorodi; on corporate matters by Chicago partner Zachary Judd, with Chicago associate Andrew Tremble.