Navigation Links
Thelen Assists The Doctors Company in Acquisition of SCPIE Holdings Inc.
Date:10/24/2007

SAN FRANCISCO, Oct. 24 /PRNewswire/ -- Thelen Reid Brown Raysman & Steiner LLP announced today that its Mergers and Acquisitions group has successfully assisted long-time client The Doctors Company in an agreement to acquire SCPIE Holdings Inc., a major provider of healthcare liability insurance, for an aggregate purchase price of approximately $281 million, or $28 per share in cash.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071016/AQTU238LOGO)

With more than $2 billion in assets, The Doctors Company, headquartered in Napa, California, is one of the largest professional liability companies in the country. It has approximately 32,000 physician members nationwide and currently has a Best's Financial Strength Rating of A- (Excellent).

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and approval by a majority of SCPIE's stockholders. Thelen will continue to advise The Doctors Company on a number of regulatory, antitrust, and shareholder approvals in order to close the deal, which is slated for some time in 2008.

"Thelen was able to bring in an interdisciplinary team, consisting of experts in the areas of Corporate, Securities, Tax, Antitrust, Labor and Employment, and Intellectual Property, to bring this transaction together in short order," said David L. Suddendorf, senior vice president and chief counsel for The Doctors Company. "This level of client service is why we continue to turn to Thelen to handle these types of transactions and other matters."

San Francisco Business and Finance partner Philip W. Peters, who led the Thelen team, said that the firm's ability to draw on experienced practitioners in many disciplines ensures that clients have a single source for the timely and effective resolution of complex issues, which frequently arise in these types of business combinations.

Mr. Peters was assisted in the deal by San Francisco Business and Finance special counsel Marc A. Greendorfer; Washington, DC Compensation and Benefits partner Benjamin I. Delancy; San Francisco Labor and Employment partner Robert A. Dolinko; San Francisco Antitrust partner Paul R. Griffin; and San Francisco Tax special counsel Mark McCleary. New York M&A partner Richard S. Green provided strategic advice throughout the transaction, and San Francisco associates Heather L. Stewart, Khurshid P. Khoja, Snehal Patil, and Laura A. Guillen also worked on the deal.

About Thelen

Thelen is an international law firm with approximately 600 attorneys and is widely known for its premier practices in the areas of Construction; Corporate/Finance; Real Estate and Structured Finance; Technology, Media, and Communications; Energy; and Complex Litigation. Other premier practice areas of the firm include Labor and Employment, Intellectual Property, Bankruptcy, Domestic and International Tax, and Employee Benefits. For more information, visit http://www.thelen.com.


'/>"/>
SOURCE Thelen Reid Brown Raysman & Steiner LLP
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Arginine food bar assists people with angina
2. Laser technique assists beard problem
3. Gel assists head and neck cancer
4. Genetic Experts of Hopkins Assists In Identifying Hurricane Katrina Victims
5. Distressed Couple Assists Parents Of Mentally Challenged Kids
6. AIIMS Doctors Assists Police in Rahul Mahajan’s Drug Abuse Cas
7. Mobile Phone Messages Assists in Unraveling Murder Mystery
8. Novel Approach Assists in Locating Leads for Drug Discovery
9. New drug assists patients suffering premature ejaculation
10. Computer Imaging Assists With Facial Reconstructive Surgery
11. Novel Airway Bypass Treatment Assists Emphysema Sufferers
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:1/21/2017)... (PRWEB) , ... January 21, 2017 , ... ... of its new medical office in Petaluma, located at 167 Lynch Creek Way. ... access to SRO sports medicine and rehabilitation services and on-site x-ray ...
(Date:1/20/2017)... ... 20, 2017 , ... Spectrum Aquatics Launches New ADA Portable Motion Trek BP 300 Lift. Built ... is mounted on wheels, it can be wheeled out of the way and stored when ... the deck. "We have transformed the feedback from customers into specific enhancements and created a ...
(Date:1/20/2017)... ... January 20, 2017 , ... Source Vitál Apothecary, a skin and body ... oils, announced the company had a successful visit to the 2017 ECRM Diet, Vitamin ... companies that work in the nutritional, sports and health industries a chance to meet ...
(Date:1/20/2017)... ... January 20, 2017 , ... Lice Troopers, the lice removal company ... with school-aged children since the holiday season. , “It happens every year around ... sharing hugs and taking photos, which is the head-to-head gateway that lice need to ...
(Date:1/20/2017)... ... January 20, 2017 , ... Michael and Betsy Brauser celebrated 5 years ... Betsy, the clinical trial has been life-saving as she has been on the ... Betsy Brauser was diagnosed with ovarian cancer in 2009. She underwent standard chemotherapy but ...
Breaking Medicine News(10 mins):
(Date:1/20/2017)... , January 20, 2017 Avillion LLP, ... appointment of Mark Weinberg , MD MBA as Chief Medical ... , USA . ... Dr Weinberg has spent more than 17 years ... 20" pharma companies to micro-cap biotech. Over the course of his ...
(Date:1/19/2017)... YORK , Jan. 19, 2017 Report ... Ophthalmic Devices Market? Which areas are going to grow ... potential revenues to 2026, assessing data, trends, opportunities and ... and graphs. Discover the most lucrative areas in the ... lets you assess forecasted sales across the all the ...
(Date:1/19/2017)... 2017 Conference Call and Webcast to Follow ... it will release results for the fourth quarter of 2016 on ... ... call at 4:30 PM ET on Wednesday, February 15, 2017, during ... financial results and other corporate activities. To participate in the conference ...
Breaking Medicine Technology: