Warburg Pincus Plugs $115M Into Cali Health Care Co.
Law360, New York (March 8, 2017, 1:19 PM EST) -- Private equity giant Warburg Pincus LLC has agreed to make a $115 million growth equity injection into Irvine, California-based Alignment Healthcare, the companies said Wednesday, in a deal guided by respective legal counsels Willkie Farr & Gallagher LLP and Paul Weiss Rifkind Wharton & Garrison LLP.
The investment will assist with the expansion of Alignment Healthcare's operations across the U.S., according to a statement. Formed in 2013, Alignment Healthcare currently offers HMO plan options to California residents through its own Alignment Health Plan and partners with some health plans in North Carolina and Florida. Overall, it serves about 45,000 people.
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