NEW YORK, June 4 /PRNewswire/ -- Weil, Gotshal & Manges LLP, one of the world's leading law firms, advised Universal American Financial Corp. in the completion of its acquisition of Heritage Health Systems, Inc. for approximately $98 million in cash.
Founded in 1995, Heritage operates Medicare Advantage plans in Houston and Beaumont, Texas, and has approximately 16,000 Medicare members with annualized revenue of approximately $132 million. Universal American Financial Corp. offers a portfolio of health and life insurance products, primarily to the senior market, as well as third party administrator services for insurance and non-insurance programs in the senior market.
Weil, Gotshal & Manges LLP is an international law firm of more than 1,100 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Silicon Valley, Singapore, Warsaw and Washington, D.C.
Weil, Gotshal & Manges LLP's Team Partners: Marita A. Makinen and Michael S. Colvin (Corporate - New York); Mark Hoenig (Tax - New York) Associates: Nicholas E. Rodriguez, Rebecca G. Sullivan and Itiva Chopra (Corporate - New York); Andrew J. Clark and Christine L. Agnew (Tax - New York)
Weil, Gotshal & Manges LLPCONTACT: Les Zuke, +1-212-310-8410; or Jill Goodkind of RubensteinAssociates, +1-212-843-8017, both for Weil, Gotshal & Manges LLP
