Foley & Lardner Represents Meridian in $2.5 Billion Sale to WellCare

A team of Foley attorneys represented Detroit-based Meridian, one of the largest privately held, for-profit managed care organizations in the United States, in its sale of of Meridian Health Plan of Michigan, Meridian Health Plan of Illinois and pharmacy benefit manager MeridianRx to WellCare, a Tampa managed-care provider for government-sponsored health programs. The deal was valued at $2.5 billion and featured in the Tampa Bay Business Journal article, “WellCare, CenterState Wrap Up a Combined $2.9 billion in deals.”

The Foley team was led by partner Steven Vazquez and included partners Bryan Schultz, Alan Rutenberg, Tim Voigtman, Trish Lane and Emory Ireland, and senior counsel Gjina Lucaj and Morgan Tilleman.