Foley represented the selling shareholders in the $1.2 billion sale of stock by Care1st Health Plan, a California Medi-Cal and Medicare managed care plan owned by providers, to Blue Shield of California. Foley was the only law firm representing the sellers and provided counsel for Care1st related to the transactional, regulatory, antitrust, tax and insurance matters of the deal.
The Foley team was led by Richard Seiden and Claire Marblestone and included Steve Vazquez, Billy Dolence, Michelle Gourley, Benjamin Dryden, Alan Rutenberg, Timothy Voigtman, Jordan Bergmann, Mark Schieble, Robert Leventhal, Anil Shankar and Adam Hepworth.
