McDermott Will & Emery LLP represented Munich Re’s subsidiary, Munich Health North America, Inc., as the buyer of Windsor Health Group, Inc. (Windsor), a U.S. Medicare provider and holding company that operates health plans in Tennessee, Arkansas, South Carolina, Mississippi, and Alabama.
The purchase price for the stock was $131 million.
Windsor operates government-sponsored health plans through its Windsor Health Plan, Inc. subsidiary, which provides specialty managed healthcare services in the senior segment to more than 75,000 members.
In 2008, Munich Re acquired Sterling Life Insurance Company (Sterling), a specialty health insurer for seniors operating in all 50 states in the United States. Windsor and Sterling together will offer services to a combined enrollment of more than 200,000 members across the United States.
McDermott partners Joel Michaels (Health) and Mark Harris (Corporate) headed the transaction while partner Sam Wales (Corporate) provided ongoing assistance throughout the entire transaction process. Among the many McDermott attorneys across multiple offices who were involved in completing this transaction by the end of calendar year 2010 were partners Peter Rich (Health), Philip Castrogiovanni (Health), Cathy Scheineson (Health), Ankur Goel (Health) and associates Amy Kearbey (Health), Carla Hine (Antitrust), Elijah Hammans (Corporate), Jeremy Earl (Health) and Jiayan Chen (Health).