Paul Weiss Reps Universal American In $228M APS Buy

Law360, New York (January 11, 2012, 7:27 PM EST) -- Universal American Corp., a health benefits provider for Medicare users, will acquire health care services company APS Healthcare Inc. from funds affiliated with private equity firm GTCR LLC for $227.5 million, the companies announced Wednesday.

Continuing a string of major acquisitions across the health care industry, the deal will help Rye Brook, N.Y.-based Universal American tap into growth opportunities involving dual eligibles — those who qualify for Medicare and Medicaid — and gain access to APS Healthcare's 400 customers, including Medicaid agencies, state and local governments,...
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