O'Melveny Represents Vista HealthCare in Asset Sale with Kindred Healthcare

11月 12, 2010  
FOR IMMEDIATE RELEASE

Contact:
Julie Fei
O’Melveny & Myers LLP
213.430.7792
jfei@omm.com

Andrea Rodeschini
O’Melveny & Myers LLP
212.326.2251
arodeschini@omm.com
 
SAN FRANCISCO, CA -- November 12, 2010 -- O'Melveny & Myers LLP represented Vista HealthCare, a dominant long-term acute care hospital owner in California, in a recently completed asset sale with Kindred Healthcare, Inc. (NYSE: KND). Pursuant to the asset purchase agreement, Vista and its affiliates sold substantially all of their assets to Kindred for approximately US$180 million in cash. The complex transaction structure includes a leaseback and management feature under which Kindred leases Vista's hospital facilities back to Vista, but Kindred assumes managerial control until certain conditions are satisfied.

The San Francisco-based deal team was led by partner Peter Healy and included associates Caleb Langston, Kimberly Blizzard, and Mindy Do. Los Angeles partners David Deaton and Dan Shallman, and associates Jeffrey Blend and Patricia Kuo, advised on various regulatory matters. Counsel Candace Novell and counsel Anita Sabine advised on real estate matters. Newport Beach partner Jeff Walbridge and associate Sean Stegmaier provided executive compensation advice. Silicon Valley partner Bob Fisher and counsel Annie Jeong provided tax advice. Washington, DC partner David Beddow and associate Brian O'Dea advised on Hart-Scott-Rodino matters.

About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com.