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Thelen Instrumental in Closing $1 Billion Outsourcing Deal for Client Harvard Pilgrim Health Care
Date:4/25/2008

Contract with Perot Systems to Produce $150 million of Administrative Cost

Savings

NEW YORK, April 25 /PRNewswire/ -- Thelen Reid Brown Raysman & Steiner LLP has assisted long-time client Harvard Pilgrim Health Care in negotiating a $1 billion contract extension with Texas-based Perot Systems Corporation for IT and Business Process Services.

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

Under the new contract, Harvard Pilgrim will realize approximately $150 million in administrative cost savings over the life of the agreement through the consolidation and leveraging of its technology, administrative functions and redesign of administrative operations. Perot Systems will operate and support Harvard Pilgrim's information technology infrastructure, business applications and administrative business operations.

Representing Harvard Pilgrim in the deal was Thelen partner Kenneth Adler, Chair of the firm's Outsourcing Group and an authority on complex global and domestic outsourcing transactions. Mr. Adler was assisted in the deal by Thelen partner Steve Semerdjian, who also concentrates on complex outsourcing and IT matters. The Thelen team worked closely with the legal team from Harvard Pilgrim, led by General Counsel Laura Peabody, to create an agreement that is closely aligned with Harvard Pilgrim's business goals, including long term operations and IT strategies.

Harvard Pilgrim CEO Charles Baker praised Mr. Adler's handling of the deal. "Ken was a key adjunct to HPHC's team and instrumental in steering us through this unique and complex transaction," Mr. Baker said. Harvard Pilgrim General Counsel Laura Peabody agreed, "Ken has an acute knowledge of the outsourcing industry and current trends. He has the unique ability to navigate through the business and legal issues to focus on the key ite
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SOURCE Thelen Reid Brown Raysman & Steiner LLP
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