Faegre & Benson Advises Health Grades in Sale to Vestar

Faegre & Benson served as legal counsel to Health Grades, Inc., a leading independent healthcare ratings organization, in its sale to an affiliate of Vestar Capital Partners V in a transaction valued at approximately $294 million. The cash tender offer for the acquisition closed on October 7.

Health Grades is the leading independent healthcare ratings organization, providing quality ratings, profiles and cost information on the nation's hospitals, physicians, nursing homes and prescription drugs.

Vestar, a leading international private equity firm specializing in management buyouts and growth capital investments, targets companies in the U.S. and Europe with valuations of $250 million to $3 billion and operations in sectors that include consumer, services, diversified industries, health care, media and communication, and financial services.

The Faegre & Benson  team was led by Douglas Wright, a partner in the firm's corporate and securities practice in Denver.

Other Faegre & Benson  attorneys who worked on this transaction include partners Lisa Pugh (Minneapolis-tax) and Page Fleeger (Minneapolis-employee benefits) and associates Cassie Myhro (Minneapolis-antitrust) and Adam Thimmesch (Minneapolis-tax). In addition, partner Michael McCarthy (Denver) and associate Dan Williams (Boulder) handled litigation matters in connection with the transaction.