Francisco Partners’ Acquisition of Healthcare Data and Analytics Assets from IBM

Cravath, Swaine & Moore represented IBM in the transaction, while Kirkland & Ellis advised Francisco Partners.

IBM and Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced that the companies have signed a definitive agreement under which Francisco Partners will acquire healthcare and data analytics assets from IBM that are currently part of the Watson Health business. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings. 

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in over 400 technology companies, making it one of the most active and longstanding investors in the technology industry.

International Business Machines Corporation (IBM) is an American multinational technology company headquartered in Armonk, New York, with operations in over 170 countries.

The Cravath team was led by partners George F. Schoen (Picture), O. Keith Hallam III and Bethany A. Pfalzgraf and included associates Richard E. Schwartz, Blair Baker and Paul A. Bryant on M&A matters; partner Matthew M. Kelly and associate Temiloluwa A. Dele-Dare on financing matters; partner J. Leonard Teti II, senior attorney Andrew Carlon and associate Carlos Nicholas Obando on tax matters; partner Jonathan J. Katz and associates Christopher C. Gonnella, Brendon J. Rivard and David Crampton on executive compensation and benefits matters; and senior attorney Joyce Law on real estate matters.

The Kirkland team was led by corporate partners Michele Cumpston and Sean Kramer and associate Jacob Reichman, technology & IP transactions partner Vladimir Khodosh and associates Martin Schwertmann and Seth Pritchard, executive compensation partner Rohit Nafday, labor & employment partner Sydney Jones, tax partner Devin Heckman, debt finance partner Brian Ford, investment funds partner Justin Solomon, and healthcare partners Dennis Williams and Katie Sullivan.

Involved fees earner: Paul Bryant – Cravath Swaine & Moore; Andrew Carlon – Cravath Swaine & Moore; David Crampton – Cravath Swaine & Moore; Temiloluwa Dele-Dare – Cravath Swaine & Moore; Christopher Gonnella – Cravath Swaine & Moore; Keith Hallam – Cravath Swaine & Moore; Jonathan Katz – Cravath Swaine & Moore; Matthew Kelly – Cravath Swaine & Moore; Joyce Law – Cravath Swaine & Moore; Carlos Nicholas Obando – Cravath Swaine & Moore; Bethany Pfalzgraf – Cravath Swaine & Moore; Brendon Rivard – Cravath Swaine & Moore; George Schoen – Cravath Swaine & Moore; Richard Schwartz – Cravath Swaine & Moore; J. Leonard Teti II – Cravath Swaine & Moore; Michele Cumpston – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Devin Heckman – Kirkland & Ellis; Sydney Jones – Kirkland & Ellis; Vladimir Khodosh – Kirkland & Ellis; Sean Kramer – Kirkland & Ellis; Rohit Nafday – Kirkland & Ellis; Seth Pritchard – Kirkland & Ellis; Jacob Reichman – Kirkland & Ellis; Martin Schwertmann – Kirkland & Ellis; Justin Solomon – Kirkland & Ellis; Katie Sullivan – Kirkland & Ellis; Dennis Williams – Kirkland & Ellis;

Law Firms: Cravath Swaine & Moore; Kirkland & Ellis;

Clients: Francisco Partners; IBM;