Simpson Thacher represented the underwriters in connection with the offering by the selling stockholders of 1,500,000 shares of common stock of Claritev Corporation, (“Claritev”). The secondary offering raised gross proceeds for the selling stockholders of approximately $77 million.
Claritev is a healthcare technology, data and insights company focused on improving affordability, transparency and quality. Led by a team of deeply experienced associates, data scientists and innovators, Claritev provides tech-enabled solutions and services fueled by multiple data sources and over 40 years of claims repricing experience.
The Simpson Thacher team included Bill Brentani, John Ericson, Jesse Feng, Deane Ciampa and Madison Santoli (Capital Markets); Jonathan Cantor and Paul Jansch (Tax); Corina Holland and Christian Bond (IP and Data Privacy); Vanessa Burrows, Alison Peters and Jacob Madden (Healthcare); George Gerstein (ERISA); and Jennie Getsin (Blue Sky).