Vestar Capital Partners V in $294 Million Acquisition of Health Grades
July 28, 2010
Cleary Gottlieb is representing Citigroup Global Markets as financial advisor to Health Grades, the leading independent healthcare ratings organization in the United States, providing quality ratings, profiles and cost information on hospitals, physicians, nursing homes and prescription drugs, in connection with its acquisition by an affiliate of Vestar Capital Partners V. The enterprise value of Health Grades as measured by this all-cash acquisition is approximately $294 million. The acquisition will be effected as a cash tender offer followed by a second-step merger. The deal, announced on July 28, is expected to close in September.