Holland & Knight represented Las Mercedes Medical Centers on its acquisition of Pasteur and Wellmax Medical Centers, one of the largest Medicare-focused staff model medical centers in South Florida. The Pasteur and Wellmax centers were previously owned by Elevance Health (NYSE:ELV), a healthcare insurance provider. The transaction was announced on October 7.
With this acquisition, Las Mercedes Medical Centers will now serve more than 22,000 elderly members across 26 facilities in Miami-Dade, Broward and Palm Beach counties. Pasteur and Wellmax's more than 700 associates will join Las Mercedes, further strengthening its capacity to deliver high-quality care across its expanded network.
Based in Miami, Las Mercedes Medical Centers has earned a trusted reputation in senior healthcare by offering a holistic approach, combining preventive care, chronic condition management, rehabilitation and social wellness programs across its 10 medical centers in Miami-Dade and Broward counties.
The Holland & Knight team representing Las Mercedes Medical Centers was led by Partner Roberto Pupo and included Partner Alberto Hernandez and Associates Gabrielle Engel and Amanda Siciliano. Partners Jorge Escobar and Associates Tomas Castellanos and Stephanie Sanchez handled the real estate components of the transaction. Other partners who participated in the transaction included Ariadna Alvarez, Christine Fuqua Gay and Chris Marotta and Senior Counsel Albert Sueiras.
Recently recognized as the Private Equity Law Firm of the Year by the Global M&A Network, Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG, Mergermarket, PitchBook and The Deal. The firm is also ranked the most active law firm in the country for healthcare private equity transactions through the first half of 2024. Through the HK Deal Flow℠ program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.
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