Press Release April 11, 2016

Halyard Health to Acquire Corpak MedSystems for $174 Million

Alston & Bird client Halyard Health, Inc., has entered into an agreement to acquire private equity-backed Corpak MedSystems in an all-cash transaction totaling $174 million.

Corpak, a portfolio company of Linden Capital Partners, develops, manufactures and markets enteral access solutions. The company generated about $54 million in sales during fiscal 2015.

Halyard Health is a publicly traded company headquartered in metropolitan Atlanta that spun off from Kimberly-Clark Corp. in 2014 as an independent health care organization. Alston & Bird also advised Halyard Health in that transaction.

The Corpak acquisition is expected to close in the second quarter of 2016, subject to approval under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions.

Advising Halyard Health is an Alston & Bird team led by partners Steven Pottle, Sarah Ernst, Julie Tibbets, Dawnmarie Matlock, senior associates Russell Hilton and Brendan Carroll and associate Andrew Belisle (Health Care); partner Matthew Kent (Antitrust); partners Blake MacKay and Mike Stevens, associate Meredith Gage (Employee Benefits & Executive Compensation); partner Jonathan Wells (Environment, Land Use & Natural Resources); partner Jitty Malik and associate Joseph Janusz (IP Litigation); partner Brett Coburn and senior associate Isabella Lee (Labor & Employment); partner Scott Elder (Products Liability); partners Sam KaywoodBrian Harvel (Federal & International Tax) and Clark Calhoun (State & Local Tax).
Media Contact
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222

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