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:2/8/2016)... ... February 08, 2016 , ... Remember the old saying “rub some dirt on ... A~, author of “Calcium Bentonite Clay” the health benefits of integrating clay into a ... the body. , A former motivational speaker, Perry A~ has since dedicated her life ...
(Date:2/8/2016)... ... 08, 2016 , ... FileHold's document management software has been ... cloud hosted environment for FileHold software that is pay per user subscription-based and ... using the FileHold web services API. DocuSyst also advises clients on fully functioning ...
(Date:2/8/2016)... ... February 08, 2016 , ... GrassrootsHealth published ... rate of type 2 diabetes in the GrassrootsHealth cohort with substantially higher vitamin ... a change in public health,” states Carole Baggerly, Director of GrassrootsHealth, “the safety ...
(Date:2/8/2016)... ... February 08, 2016 , ... TopConsumerReviews.com recently awarded their ... removal products. , Moles are derived from a cluster of melanin when exposed to ... wrong places and create a lifetime of embarrassment. Historically, mole removal has ...
(Date:2/8/2016)... , ... February 08, 2016 , ... Guruji Mahendra Kumar ... 10th and 11th, 2016 in honor of his birthday on February 10th. During ... Mahendra Trivedi is known by over 250,000 people from over 40 different countries ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... ALTO, Calif. , Feb. 8, 2016 Lonza, ... Kodiak Sciences Inc., a biopharmaceutical company designing and developing ... today agreements for the clinical supply of Kodiak,s therapeutic ... multiple sites, including Slough (UK), Visp (CH) and Nansha ... Retinal diseases, such as age-related macular degeneration (AMD), ...
(Date:2/8/2016)... 2016  Avista Pharma Solutions ("Avista Pharma") announced today ... Financial Officer (CFO). Mr. Setzer is a finance and ... various roles within growing technology and life science companies. ... Executive Director of Finance at INC Research, a publicly ... . Previously, Mr. Setzer served as CFO of ...
(Date:2/8/2016)... Feb. 8, 2016 Vestagen Technical Textiles, Inc., ... apparel for healthcare and other demanding applications, today announced ... Officer. He replaces Dale Pfost , PhD, who ... Bold is also joining Vestagen,s Board of Directors. ... of active barrier technologies that combines fluid repellent, antimicrobial ...
Breaking Medicine Technology: