The Vistria Group, General Atlantic, and Nautic Partners’ Acquisition of PANTHERx from Centene

Skadden advised Centene Corporation on the deal. Paul, Weiss, Rifkind, Wharton & Garrison advised General Atlantic. Ropes & Gray represented The Vistria Group.

Centene announced a definitive agreement to sell PANTHERx Rare to a consortium of The Vistria Group, General Atlantic, and Nautic Partners.

PANTHERx Rare is one of the largest and fastest growing rare pharmacies in the United States. PANTHERx transforms lives by delivering medicine breakthroughs, clinical excellence, and access solutions to people living with rare and devastating conditions.

General Atlantic is a leading global growth equity firm with more than four decades of experience providing capital and strategic support for over 445 growth companies throughout its history.

Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrials, and services.

The Vistria Group is a Chicago-based next generation private investment firm that operates at the intersection of purpose and profit.

Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals.

The Skadden team advising on the Magellan transaction included M&A partners Jeremy London (Washington, D.C.; Picture) and Paul Schnell (New York), and counsel Micah Kegley (Washington, D.C.); Insurance partner Elena Coyle (New York); Intellectual Property and Technology partner Jose Esteves (New York/Palo Alto); Executive Compensation and Benefits partners Erica Schohn (New York) and Page Griffin (New York); Antitrust/Competition partners Clifford Aronson (New York) and Kenneth Schwartz (New York); Tax partner Gavin White (New York); and Real Estate partner Peter Mair (Los Angeles).

The Paul, Weiss team included corporate partners Matthew Abbott, Cullen Sinclair and Suhan Shim; tax partner Lindsay Parks; executive compensation partner Jarrett Hoffman; intellectual property partner Claudine Meredith-Goujon; litigation partner Andrew Finch and counsel Steven Herzog; and antitrust counsel Marta Kelly and Jared Nagley.

The Ropes & Gray team was led by private equity partner Martin Ruhaak, and included private equity partner Matthew Richards, leverage finance partner Andrea Hwang, health care partner Eve Brunts, data, privacy & cybersecurity partner Edward McNicholas, tax partners Alyssa Kollmeyer and James Brown, IP transactions partner Regina Sam Penti, benefits partners Alexandra Alperovich and Richard Kidd, life sciences regulatory & compliance partner Kellie Combs, litigation & enforcement partner Samer Musallam, private equity counsel Janet Coscino and Nichole Lopez-Tackett, and health care counsel Elizabeth Whitkin.

Involved fees earner: Matthew Abbott – Paul Weiss Rifkind Wharton & Garrison; Andrew Finch – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Jarrett Hoffman – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Jared Nagley – Paul Weiss Rifkind Wharton & Garrison; Lindsay Parks – Paul Weiss Rifkind Wharton & Garrison; Suhan Shim – Paul Weiss Rifkind Wharton & Garrison; Cullen Sinclair – Paul Weiss Rifkind Wharton & Garrison; Alexandra Alperovich – Ropes & Gray; James Brown – Ropes & Gray; Eve Brunts – Ropes & Gray; Kellie Combs – Ropes & Gray; Andrea Hwang – Ropes & Gray; Richard Kidd – Ropes & Gray; Alyssa Kollmeyer – Ropes & Gray; Nichole Lopez-Tackett – Ropes & Gray; Edward McNicholas – Ropes & Gray; Samer Musallam – Ropes & Gray; Matthew Richards – Ropes & Gray; Martin Ruhaak – Ropes & Gray; Regina Sam Penti – Ropes & Gray; Janet Coscino – Ropes & Gray; Elizabeth Whitkin – Ropes & Gray; Clifford Aronson – Skadden; Elena Coyle – Skadden; Jose Esteves – Skadden; Page Griffin – Skadden; Micah Kegley – Skadden; Jeremy London – Skadden; Peter Mair – Skadden; Paul Schnell – Skadden; Erica Schohn – Skadden; Kenneth Schwartz – Skadden; Gavin White – Skadden;

Law Firms: Paul Weiss Rifkind Wharton & Garrison; Ropes & Gray; Skadden;

Clients: Centene Corporation; General Atlantic; Vistria Group, LLC;