Kirkland Advises Nautic Partners on Purchase of Tabula Rasa for $570 Million

Kirkland & Ellis counseled Nautic Partners on its definitive agreement to acquire Tabula Rasa HealthCare, Inc.® (NASDAQ: TRHC), a healthcare company with experience providing pharmacy and other tech-enabled services, for $10.50 in cash per share. The all-cash transaction values Tabula Rasa at approximately $570 million, including net debt of approximately $262 million, on an enterprise value basis. The transaction is expected to close in the in the fourth quarter of 2024, subject to certain customary closing conditions.

Read Tabula Rasa’s press release

The Kirkland team was led by corporate partners David Feirstein, Mike Sartor and Patrick Salvo and associates William Lay, Aubrey Trudeau and Lucas Hinds; debt finance partner John Ilardo and associate Charles Kilgore; and capital markets partners Matt Pacey and Ieuan List; with assistance from executive compensation partners Kate Vera and Jabir Yusoff.